Technical Analysis: June 27, 2023 – Russia Geopolitics Taking Place, Dollar?

The following is a daily technical analysis, June 27, 2023. 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 days and 3 nights. 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

EUR/USD on the 1-hour period tried to move up, touching the resistance level at 1.09370 until the next resistance level at 1.09540. The upward trend can also be seen from the FXBot template, where the EUR figure is higher by 5.8 than the USD figure of 2.0. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 1.09370 TP1 1.109540 TP2 1.09800 SL 1.09040

GBPUSD

GBP/USD on the 1-hour period tried to move up, touching the resistance level at 1.27330 to the next resistance level at 1.27700. The upward trend can also be seen from the FXBot template, where the GBP figure is higher by 4.2 than the USD figure of 2.0. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 1.27330 TP1 1.27700 TP2 1.27930 SL 1.27100

AUDUSD

The daily technical analysis for the AUD/USD pair on the 1-hour period is at the strongest daily resistance level, trying to move a correction, touching the nearest support level at 0.67040 to the next support level at 0.66890. However, the downward trend has not yet been seen from the FXBot template, where the AUD figure is still higher at 8.7 than the USD figure of 1.8. While the bearish bias is also supported, it is not supported by the sell signal indicated by the red arrow.

Suggest: Sell 0.67250 TP1 0.67040 TP2 0.66890 SL 0.67500

USDCHF

USD/CHF on the 1-hour period tried to move down, touching the support level at 0.89290 until heading to the next support level at 0.88910. The downward trend can also be seen from the FXBot template, where the CHF figure is higher by 3.6 than the USD figure of 1.8. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 0.89290 TP1 0.88910 TP2 0.88720 SL 0.89500

USDJPY

USD/JPY in the 1-hour period tried to move up, touching the resistance level at 143,800 until heading to the next resistance level at 144,180. The upward trend can also be seen from the FXBot template, where the JPY figure is lower by 0.5 than the USD figure of 2.0. While the bias indicates bearish supported by a sell signal indicated by a red arrow.

Suggest: Buy 143.800 TP1 144.180 TP2 144.400 SL 143.400

XUL (LOCO LONDON GOLD)

Daily technical analysis for gold prices in the 1-hour period tried to move up, touching the resistance area at 1929.80 again to the next resistance level at 1937.40. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 1929.80 TP1 1934.00 TP2 1937.40 SL 1925.00

CLSK (OIL)

Oil prices in the 1-hour period are trying to move up, needing to cross the resistance level at 70.16 to the next resistance level at 70.79. Meanwhile, for further bearish bias, oil prices need to cross the support level at 69.40 again to the next support level at 68.80.

Suggest: Buy 70.10 TP1 70.70 TP2 71.00 SL 69.60