Technical Analysis: December 29, 2022 – Sideways Greenback Jobless Data Release

The following is a daily technical analysis, December 29, 2022. The data and analysis contained in this newsletter can be used on a wide scale for your trading. However, it is important to note that GICTrade and its data providers are not responsible for your trading results. So, it's your own responsibility. Before knowing today's technical analysis, immediately register yourself to take part in the GIC Gebyar Prize and get the main prize, namely Mobile Mitshubshi Expander or Vacation Package to Labuan Bajo for 4 nights and 3 days. In the following, we will inform you of price movement predictions in Forex and Commodities which are equipped with calculations of Pivot Point levels, Resistance and Support.

EURUSD

[caption id="attachment_23367" align="aligncenter" width="1019"] Photo Source: Yanto via GIC[/caption] Daily Technical Analysis for EUR/USD has the potential for further consolidation after the MA20 line crosses the MA50 line from above in the 1-hour period. While the chart crossing the MA200 line pushed the price of tutun further. A break of support is needed in the 1.05900 area for a bearish bias to support 1.05230.

PREVIOUS RANGE
OPEN	HIGH	LOW	CLOSE	PREV.CLOSE	CHANGE	%CHANGE
1.06382	1.06737	1.06060	1.06115	1.06381	-0.00266	-0.25%
DAILY PIVOT POINT
R3	R2	R1	PIVOT	S1	S2	S3
1.07260	1.07000	1.06580	1.06320	1.05900	1.05640	1.05230

GBPUSD

[caption id="attachment_23371" align="aligncenter" width="1019"] Photo Source: Yanto via GIC[/caption] GBP/USD is still in a bearish pattern on the time frame or 1-hour period. To continue the decline, it is necessary to break the area of 1.19935 until the next support at 1.19610. However, if the pound is able to break through the 1.20545 area then the bias turns bullish trying to touch the resistance level at 1.20840-1.21670.

PREVIOUS RANGE
OPEN	HIGH	LOW	CLOSE	PREV.CLOSE	CHANGE	%CHANGE
1.20280	1.21251	1.20016	1.20182	1.20280	-0.00098	-0.08%
DAILY PIVOT POINT
R3	R2	R1	PIVOT	S1	S2	S3
1.22080	1.21670	1.20840	1.20430	1.19610	1.19200	1.18370

AUDUSD

[caption id="attachment_23373" align="aligncenter" width="1020"] Photo Source: Yanto via GIC[/caption] The AUD/USD pair is in a bullish trend with lower prices going up (Lower High), trying to touch resistance at 0.67760 to the 0.68290 area. However, if the price movement is able to break through the support at 0.67180, then the bias turns bearish with the next support at 0.66650.  

PREVIOUS RANGE
OPEN	HIGH	LOW	CLOSE	PREV.CLOSE	CHANGE	%CHANGE
0.67317	0.68002	0.67185	0.67386	0.67332	0.00054	0.07%
DAILY PIVOT POINT
R3	R2	R1	PIVOT	S1	S2	S3
0.68570	0.68290	0.67760	0.67470	0.66940	0.66650	0.66120

USDCHF

[caption id="attachment_23368" align="aligncenter" width="1020"] Photo Source: Yanto via GIC[/caption] Daily Technical Analysis USD/CHF is trying to rebound, needing to break the 0.93060 area to be bullish to resistance 0.93430. However, if the area breaks 0.92410, there is a good chance of a further bearish trend to the support area at 0.91940.

PREVIOUS RANGE
OPEN	HIGH	LOW	CLOSE	PREV.CLOSE	CHANGE	%CHANGE
0.92867	0.93063	0.92444	0.92879	0.92920	-0.00041	-0.04%
DAILY PIVOT POINT
R3	R2	R1	PIVOT	S1	S2	S3
0.93800	0.93430	0.93180	0.92810	0.92560	0.92190	0.91940

USDJPY

[caption id="attachment_23372" align="aligncenter" width="1022"] Photo Source: Yanto via GIC[/caption] Daily technical analysis for USD/JPY in the 1-hour period experienced a double top pattern indicating a decline. It needs a break of the 132,790 area to continue its bearish trend until the next support of 132,500. However, if the 134,450 area can be crossed then the bullish bias will continue until the resistance at 135,110.

PREVIOUS RANGE
OPEN	HIGH	LOW	CLOSE	PREV.CLOSE	CHANGE	%CHANGE
133.488	134.494	133.335	134.468	133.488	0.980	0.73%
DAILY PIVOT POINT
R3	R2	R1	PIVOT	S1	S2	S3
135.720	135.110	134.570	133.950	133.410	132.790	132.250

XUL (LOCO LONDON GOLD)

[caption id="attachment_23369" align="aligncenter" width="1014"] Photo Source: Yanto via GIC[/caption] Gold prices are still in an uptrend trying to touch the resistance level at 1812 to the next resistance at 1817. However, the RSI indicator shows a downward trend towards the 30 level, so a gold correction has a chance if it moves below the 1800 support until it heads towards the next support at 1789. CHECK THIS INFORMATION!!

Daily Technical Analysis: December 21, 2022 – Japanese Yields Weigh on the US Dollar

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PREVIOUS RANGE
OPEN	HIGH	LOW	CLOSE	PREV.CLOSE	CHANGE	%CHANGE
1813.27	1814.42	1796.91	1804.43	1813.08	-8.65	-0.48%
DAILY PIVOT POINT
R3	R2	R1	PIVOT	S1	S2	S3
1835.20	1824.80	1817.70	1807.30	1800.20	1789.80	1782.70

CLSK (OIL)

[caption id="attachment_23370" align="aligncenter" width="1018"] Photo Source: Yanto via GIC[/caption] Daily technical analysis for world crude oil prices has the potential to decline due to the double top pattern formed in the 1-hour period. To continue the further decline, it is necessary to break the 77 area to the next support at 76.00. However, if the resistance level at 79.60 is able to be passed, then the bias turns bullish again until the next resistance at 81.21.

PREVIOUS RANGE
OPEN	HIGH	LOW	CLOSE	PREV.CLOSE	CHANGE	%CHANGE
79.87	79.88	77.29	78.70	79.77	-1.07	-1.34%
DAILY PIVOT POINT
R3	R2	R1	PIVOT	S1	S2	S3
82.54	81.21	79.95	78.62	77.36	76.03	74.77

  So, that's the explanation of "Technical Daily Analysis: December 29, 2022 – Greenback Flat Ahead of Jobless Claims Data". Also read our other articles, such as an explanation of how to buy cryptocurrencies, only in the GIC Journal. Don't forget to practice your trading skills by getting the Scalping Ebook and following Live Trading on NFP Live Trading. Make sure, download GIC Mobile Apps on the Google Play Store.