Technical Analysis: September 14, 2023 – ECB Interest Rate Fixed, Euro Move?

The following is a daily technical analysis, September 14, 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 participate in GIC Big Deals which is here to offer exclusive benefits and a variety of attractive prizes. Also get a 30% welcome bonus promo to secure the strength of your margin. 

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 1.07670 until the next resistance level at 1.07910. The upward trend can also be seen from the FXBot template, where the EUR figure is higher by 9.0 than the USD figure of 1.7. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Sell 1.07670 TP1 1.07910 TP2 1.08200 SL 1.07400

GBPUSD

Daily technical analysis for the GBP/USD pair on the 1-hour period tried to move up, touching the resistance level at 1.25270 to the next resistance level at 1.25570. The upward trend can also be seen from the FXBot template, where the GBP figure is higher by 4.8 than the USD figure of 1.4. While the bias is still bearish supported by sell signals indicated by red arrows.

Suggest: Buy 1.25000 TP1 1.25270 TP2 1.25570 SL 1.24800

AUDUSD

AUD/USD on the 1-hour period tried to move up, touching the resistance level of 0.64480 again until the next resistance level at 0.64670. The uptrend is also supported by the FXBot template, where the AUD figure is higher by 4.4 than the USD figure of 1.2. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.64480 TP1 0.64670 TP2 0.65020 SL 0.64130

USDCHF

USD/CHF in the 1-hour period tried to move down, touching the support level at 0.88990 until heading to the next support level at 0.88730. The downward trend can also be seen from the FXBot template, where the CHF figure is higher by 4.1 than the USD figure of 1.2. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 0.88990 TP1 0.88730 TP2 0.88480 SL 0.89240

USDJPY

Daily technical analysis for the USD/JPY pair on the 1-hour period tried to move downwards, touching the support level at 146,900 to the next support level at 146,590. The downward trend is also supported by the FXBot template, where the JPY figure is higher by 5.1 than the USD figure of 1.4.  While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 146.900 TP1 146.590 TP2 146.180 SL 147.310

XUL (LOCO LONDON GOLD)

Gold prices in the 1-hour period tried to move down, touching the support level at 1905.40 until heading to the next support level at 1900.40. While the bias is still bearish supported by a buy signal indicated by a green arrow.

Suggest: Sell 1905.40 TP1 1900.40 TP2 1895.30 SL 1910.50

CLSK (OIL)

Daily technical analysis for oil prices on the 1-hour period is trying to move up, it needs to pass the resistance level at 89.61 to reach the next resistance level at 90.23. Meanwhile, to change the bias to bearish, oil prices need to pass the support level at 88.25 to reach the next support level at 87.53.

Suggest: Buy 89.61 TP1 90.00 TP2 90.23 SL 89.20

So, that's the explanation of "Technical Daily Analysis: September 14, 2023 – ECB Interest Rate Fixed, How Does the Euro Move". 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.