The following is a technical daily analysis, January 22, 2024. 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.

In the following, we will inform you about the forecast of price movements in Forex and Commodities which is equipped with the calculation of Pivot points, Resistance and Support levels.

 

EURUSD

teknikal euro

EUR/USD on the 1-hour period tried to move up, touching the resistance level at 1.09190 until the next resistance level at 1.09400. An upward trend can also be seen from the template, where the potential for a percentage increase is higher than the percentage decrease. While the bullish bias is also supported by a buy signal indicated by a blue arrow.

Suggest: Sell 1.09200 TP1 1.09000 TP2 1.08800 SL 1.09400

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.08714

1.08970

1.08585

1.08950

1.08757

0.00193

0.18%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.09400

1.09190

1.09020

1.08800

1.08630

1.08420

1.08250

 

GBPUSD

teknikal sterling

GBP/USD on the 1-hour period tried to move up, touching the resistance level at 1.27310 until the next resistance level at 1.27500. An upward trend can also be seen from the template, where the potential for a percentage increase is higher than the percentage decrease. While the bullish bias is also supported by a buy signal indicated by a blue arrow.

Suggest: Sell 1.27300 TP1 1.26960 TP2 1.26770 SL 1.27500

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.27043

1.27148

1.26613

1.27019

1.27058

-0.00039

-0.03%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.27840

1.27500

1.27310

1.26960

1.26770

1.26430

1.26240

 

AUDUSD

teknikal aussie

AUD/USD on the 1-hour period tried to move down, touching the support level at 0.65780 until heading towards the next support level at 0.65540. A downward trend can also be seen from the template, where the potential for a percentage decrease is higher compared to the percentage increase. While the bearish bias is also supported by a sell signal indicated by a purple arrow.

Suggest: Sell 0.66040 TP1 0.65780 TP2 0.65540 SL 0.66280

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.65582

0.66018

0.65518

0.65986

0.65728

0.00258

0.39%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.66540

0.66280

0.66040

0.65780

0.65540

0.65280

0.65040

 

USDCHF

teknikal franc

USD/CHF on the 1-hour period tried to move down, touching the support level at 0.86610 until heading towards the next support level at 0.86490. The trend is in the upward visible from the template, where the potential for a percentage increase is higher compared to the percentage decrease. While the bearish bias is also supported by a sell signal indicated by a purple arrow.

Suggest: Buy 0.86610 TP1 0.86830 TP2 0.86960 SL 0.86490

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.86759

0.87046

0.86702

0.86831

0.86805

0.00026

0.03%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.87300

0.87170

0.86960

0.86830

0.86610

0.86490

0.86270

 

USDJPY

teknikal yen

USD/JPY in the 1-hour period tried to move down, touching the support level at 147,590 until heading to the next support level at 147,230. A downward trend can also be seen from the template, where the potential for a percentage decrease is higher compared to the percentage increase. While the bearish bias is also supported by a sell signal indicated by a purple arrow.

Suggest: Sell 148.560 TP1 148.300 TP2 148.000 SL 148.800

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

148.045

148.807

147.840

148.101

148.158

-0.057

-0.04%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

149.530

149.170

148.560

148.200

147.590

147.230

146.630

 

XUL (LOCO LONDON GOLD)

teknikal gold

Gold prices in the 1-hour period tried to move down, touching the support level at 2017.60 until heading to the next support level at 2009.60. A downward trend can also be seen from the template, where the potential for a percentage decrease is higher compared to the percentage increase. While the bearish bias is also supported by a sell signal indicated by a purple arrow.

Suggest: Sell 2036.40 TP1 2031.40 TP2 2021.40 SL 2040.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

2024.68

2039.19

2020.43

2029.39

2022.80

6.59

0.33%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2055.10

2047.20

2036.40

2028.40

2017.60

2009.60

1998.90

 

CLSK (OIL)

teknikal oil

Oil prices in the 1-hour period are trying to move down, needing to pass the support level at 72.82 to reach the next support level at 72.10. Meanwhile, for a bullish bias, oil prices need to cross the resistance level at 73.71 to the next resistance level at 74.43.

Suggest: Sell 73.50 TP1 73.00 TP2 72.50 SL 74.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

73.89

74.60

72.99

73.53

74.09

-0.56

-0.76%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

76.04

75.32

74.43

73.71

72.82

72.10

71.21

 

So, that's the explanation of "Technical Daily Analysis: January 22, 2024 – Optimistic Consumer Sentiment, US Dollar Soars". 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.