Technical Daily Analysis: 15 June, 2023 – US Dollar Can Rebound, How Can??

The following is the technical daily analysis, June 15, 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

Daily technical analysis for the EUR/USD pair on the 1-hour period tried to move downwards, touching the support level at 1.08150 to the next support level at 1.07670. The downward trend can also be seen from the FXBot template, where the EUR figure is lower by 4.1 than the USD figure of 7.0. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 1.08150 TP1 1.07670 TP2 1.07250 SL 1.08570

GBPUSD

GBP/USD on the 1-hour period tried to move downwards to touch the support level at 1.26250 until the next support level at 1.25880. The downward trend is also supported by the FXBot template, where the GBP figure is lower by 5.1 than the USD figure of 6.5. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 1.26250 TP1 1.26000 TP2 1.25880 SL 1.26500

AUDUSD

Daily technical analysis for the AUD/USD pair on the 1-hour period is trying to move up, touching the resistance level at 0.68100 to the next resistance level at 0.68670. The upward trend can also be seen from the FXBot template, where the AUD figure is higher by 8.7 than the USD figure of 6.5. Meanwhile, the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.68100 TP1 0.68400 TP2 0.68670 SL 0.67870

USDCHF

Daily technical analysis for the USD/CHF pair on the 1-hour period is trying to move up, touching the resistance level at 0.90500 to the next resistance level at 0.90770. The upward trend can also be seen from the FXBot template, where the CHF figure is lower by 2.0 than the USD figure of 6.4. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.90500 TP1 0.90770 TP2 0.91000 SL 0.90210

USDJPY

USD/JPY on the 1-hour period tried to move up, touching the resistance level at 140,950 until heading to the next resistance level at 141,630. The upward trend can also be seen from the FXBot template, where the JPY figure is 0.0 lower than the USD figure of 6.4. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Sell 141.400 TP1 141.000 TP2 140.700 SL 141.800

XUL (LOCO LONDON GOLD)

Gold prices in the 1-hour period moved down further, trying to touch the support area at 1933.10 until heading towards the next support level at 1926.40. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 1940.00 TP1 1935.00 TP2 1930.00 SL 1946.60

CLSK (OIL)

Daily technical analysis for oil prices on the 1-hour period is trying to move down, needing to cross the support area at 67.63 to the next support level at 66.65. Meanwhile, to change the bias to bullish, oil prices need to pass the resistance level at 68.75 to the next resistance level at 70.03.

Suggest: Sell 67.63 TP1 67.00 TP2 66.65 SL 68.10