Technical Daily Analysis: April 18, 2023 – Dollar Resilient Again

The following is a technical daily analysis, April 18, 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 rebound to touch the resistance level at 1.09529 and towards the next resistance level at 1.09726. However, the uptrend is still weak as seen from the FXBot template, where the EUR figure is only slightly higher by 3.4 than the USD figure of 2.8. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 1.09529 TP1 1.09726 TP2 1.10030 SL 1.09200

GBPUSD

GBP/USD on the 1-hour period tried to rebound to touch the resistance level at 1.24320 until the next resistance level at 1.24690. The upward trend can also be seen from the FXBot template, where the GBP figure is higher by 7.5 from the USD figure of 2.8. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 1.24320 TP1 1.24690 TP2 1.25000 SL 1.24000

AUDUSD

Daily technical analysis for the AUD/USD pair on the 1-hour period is trying to move upwards, needing to break through the resistance level at 0.67504 towards the next resistance level at 0.67778. The upward trend can also be seen from the FXBot template, where the AUD figure is higher by 7.4 than the USD figure of 2.4. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.67504 TP1 0.67778 TP2 0.68000 SL 0.67250

USDCHF

USD/CHF on the 1-hour period is trying to move further up, needing to break through the resistance level at 0.89954 to the next resistance level at 0.90350. However, the upward trend is still weak as seen from the FXBot template, where the USD figure is higher by 2.1 from the CHF figure of 1.0. Meanwhile, the increase is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.89954 TP1 0.90350 TP2 0.90750 SL 0.89670

USDJPY

Daily technical analysis for the USD/JPY pair on the 1-hour period is trying to move downwards, in order to turn the bias into bearishness, it is necessary to cross the support level at 134.130 and go to the next support level at 133.700. However, the downward trend is still quite weak as seen from the FXBot template, where the USD figure is lower by 2.0 than the JPY figure of 3.3. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 134.130 TP1 133.700 TP2 133.500 SL 134.500

XUL (LOCO LONDON GOLD)

Suggest: Sell 2015.00 TP1 2010.00 TP2 2000.00 SL 2025.00

CLSK (OIL)

Daily technical analysis for oil prices in the 1-hour period rebounded trying to test the resistance area of 81.44 to the next resistance level at 82.30. Meanwhile, for further bearish bias, oil prices need to pass the support level of 80.58 towards the next support level at 80.07.

Suggest: Buy 81.44 TP1 81.80 TP2 82.30 SL 80.80