Here is the daily technical analysis for September 15, 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 provider are not responsible for your trading results.
 
Thus, that responsibility lies solely with you. Before diving into today's technical analysis, register now to participate in GIC Big Deals, offering exclusive benefits and exciting prizes. This event is only available for a limited time, from July 10 to December 31, 2023.
 
Below, we will provide forecasts for price movements in Forex and Commodities, complete with calculations for Pivot points, Resistance, and Support.

 

EURUSD


EUR/USD on the 1-hour timeframe is trying to move upward, reaching the resistance level at 1.06870 and heading towards the next resistance at 1.07440. The upward trend is also evident from the FXBot template, where the EUR figure is higher at 8.0 compared to USD at 2.7. Meanwhile, the bullish bias is supported by a buy signal indicated by a green arrow.

Suggest: Buy 1.06500 TP1 1.06870 TP2 1.07440 SL 1.06200

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.07274

1.07502

1.06300

1.06422

1.07275

-0.00853

-0.79%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.08640

1.08070

1.07440

1.06870

1.06240

1.05670

1.05040

 

GBPUSD

GBP/USD on the 1-hour timeframe is trying to move upward, reaching the resistance level at 1.24490 and heading towards the next resistance at 1.25030. The upward trend is also evident from the FXBot template, where the GBP figure is higher at 5.5 compared to USD at 2.0. Meanwhile, the bullish bias is supported by a buy signal indicated by a green arrow.

Suggest: Buy 1.24250 TP1 1.24490 TP2 1.25030 SL 1.23940

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.24884

1.25043

1.23947

1.24080

1.24884

-0.00804

-0.64%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.26130

1.25590

1.25030

1.24490

1.23940

1.23390

1.22840

 

AUDUSD

AUD/USD on the 1-hour timeframe is trying to move upward, reaching the resistance level at 0.64760 and heading towards the next resistance at 0.64940. The upward trend is also supported by the FXBot template, where the AUD figure is higher at 8.7 compared to USD at 1.8. Meanwhile, the bullish bias is supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.64500 TP1 0.64760 TP2 0.64940 SL 0.64200

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.64169

0.64576

0.64137

0.64383

0.64191

0.00192

0.30%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.64940

0.64760

0.64500

0.64320

0.64060

0.63880

0.63630

 

USDCHF


The daily technical analysis for the USD/CHF pair on the 1-hour timeframe is attempting to move downward, reaching the support level at 0.89420 and heading towards the next support at 0.89160. The downward trend is also evident from the FXBot template, where the CHF figure is higher at 2.5 compared to USD at 1.8. Meanwhile, the bearish bias is supported by a sell signal indicated by a red arrow.

Suggest: Sell 0.89420 TP1 0.89160 TP2 0.88860 SL 0.89710

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.89345

0.89684

0.89126

0.89541

0.89345

0.00196

0.22%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.90270

0.89980

0.89710

0.89420

0.89160

0.88860

0.88600

 

USDJPY


USD/JPY on the 1-hour timeframe is trying to move downward, reaching the support level at 147.360 and heading towards the next support at 147.170. However, the downward trend is not supported by the FXBot template, where the JPY figure is lower at 0.8 compared to USD at 1.8. Meanwhile, the bearish bias is supported by a sell signal indicated by a red arrow.

Suggest: Sell 147.360 TP1 147.170 TP2 146.810 SL 147.720

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

147.454

147.547

146.999

147.448

147.454

-0.006

-0.01%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

148.270

147.910

147.720

147.360

147.170

146.810

146.630

 

XUL (LOCO LONDON GOLD)

The gold price over a 1-hour period attempts to move higher, reaching a resistance level at 1919.80 and aiming for the next resistance level at 1926.80. The bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Sell 1918.00 TP1 1914.90 TP2 1907.90 SL 1923.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1908.30

1912.77

1900.90

1909.82

1908.74

1.08

0.06%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1926.80

1919.80

1914.90

1907.90

1903.00

1896.00

1891.20

 

CLSK (OIL)

The daily technical analysis for oil prices over a 1-hour period attempts to move higher, needing to break the resistance level at 91.87 to reach the next resistance level at 93.15. To shift the bias to bearish, the oil price must break the support level at 90.00, leading to the next support level at 89.61.

Suggest: Sell 92.00 TP1 91.50 TP2 91.00 SL 92.50

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

88.81

90.59

88.67

90.58

88.75

1.83

2.06%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

93.15

91.87

91.23

89.95

89.31

88.03

87.39

 

That concludes the explanation on “Daily Technical Analysis: September 15, 2023 – Retail Sales Rise, US Dollar Strengthens.” Also, read our other articles, such as guides on how to buy cryptocurrency, only at GIC Journal. Don't forget to enhance your trading skills by getting the Ebook Scalping guide and participating in Live Trading at NFP Live Trading. Be sure to download the GIC Mobile App from the Google Play Store.
 
Warning!
 
This analysis is based on fundamental and technical perspectives from trusted sources and is not intended as advice or solicitation. Always remember that this content aims to enrich readers' information. Always conduct your own research regarding other forex information to serve as a reference in your trading.
 
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