Technical Analysis: September 13, 2023 – Ahead of US CPI Data, Forex Moves?

Here is the daily technical analysis for September 13, 2023. The data and analysis in this bulletin can be widely used for your trading. However, it should be noted that GICTrade and the data providers are not responsible for your trading results.

Therefore, it is your own responsibility. Before diving into today’s technical analysis, be sure to register for GIC Big Deals, which offers exclusive benefits and various attractive prizes. This event is only available for a limited time, from July 10 to December 31, 2023.

We will provide forecasts for price movements in Forex and commodities, along with calculations for pivot points, resistance, and support levels.

EURUSD



The EUR/USD pair on the 1-hour timeframe is attempting to move down, touching the support level at 1.07200 and heading toward the next support level at 1.06800. The downtrend is also reflected in the FXBot template, where the EUR figure is lower by 0.0 compared to the USD figure of 7.0. Meanwhile, the bearish bias is supported by a sell signal indicated by the red arrow.

Suggest: Sell 1.07200 TP1 1.07000 TP2 1.06800 SL 1.07430

GBPUSD



The GBP/USD pair on the 1-hour timeframe is attempting to move down, touching the support level at 1.24260 and heading toward the next support level at 1.23940. The downtrend is also reflected in the FXBot template, where the GBP figure is lower by 2.5 compared to the USD figure of 6.5. Meanwhile, the bearish bias is supported by a sell signal indicated by the red arrow.

Suggest: Sell 1.24260 TP1 1.24000 TP2 1.23800 SL 1.24500

AUDUSD

The technical analysis for the AUD/USD pair on the 1-hour timeframe shows it attempting to move down, touching the support level at 0.63930 and heading toward the next support level at 0.63790. The downtrend is also supported by the FXBot template, where the AUD figure is lower by 3.5 compared to the USD figure of 6.7. Meanwhile, the bearish bias is further supported by a sell signal indicated by the red arrow.

Suggest: Buy 0.64000 TP1 0.64240 TP2 0.64420 SL 0.63790

USDCHF



The technical analysis for the USD/CHF pair on the 1-hour timeframe shows it attempting an upward move, reaching the resistance level at 0.89260 and heading toward the next resistance level at 0.89600. The uptrend is also evident in the FXBot template, where the CHF figure is lower by 4.0 compared to the USD figure of 6.7. Meanwhile, the bullish bias is supported by a buy signal indicated by the green arrow.

Suggest: Buy 0.89260 TP1 0.89460 TP2 0.89600 SL 0.89000

USDJPY



The USD/JPY pair on the 1-hour timeframe is attempting to move downward, touching the support level at 147.220 and heading toward the next support level at 146.820. However, an upward trend is not supported by the FXBot template, where the JPY figure is lower by 5.6 compared to the USD figure of 6.0. Meanwhile, the bearish bias is reinforced by a sell signal, indicated by a red arrow.

Suggest: Sell 147.300 TP1 147.000 TP2 146.700 SL 147.610

XUL (LOCO LONDON GOLD)



The technical daily analysis for gold prices on the 1-hour timeframe shows an upward movement, reaching the resistance level at 1916.70 and aiming for the next resistance at 1925.90. The bullish bias is also supported by a buy signal, indicated by a green arrow.

Suggest: Buy 1916.70 TP1 1920.50 TP2 1925.90 SL 1912.00

CLSK (OIL)

The 1-hour technical analysis for oil prices shows an attempt to move upward, needing to break through the resistance level at 89.33 to reach the next resistance at 90.61. To shift the bias to bearish, oil prices would need to break below the support level at 88.71, aiming for the next support at 87.60.

Suggest: Buy 89.33 TP1 89.74 TP2 90.00 SL 88.80

That was the explanation for "Daily Technical Analysis: September 13, 2023 – Ahead of U.S. CPI Data, Forex Moves May Be Volatile." Check out our other articles, such as guides on buying cryptocurrency, exclusively on Jurnal GIC. Don’t forget to enhance your trading skills by getting the Scalping Ebook guide and joining the NFP Live Trading. Be sure to download the GIC Mobile App from the Google Play Store.