Here is the daily technical analysis for February 13, 2024. The data and analysis in this bulletin can be widely used for your trading activities. However, it should be noted that GICTrade and the data providers are not responsible for the results of your trading.
 
Below, we provide forecasts for price movements in Forex and Commodities, complete with calculations of Pivot levels, Resistance, and Support.
 
EURUSD
On the 1-hour period, EUR/USD is at the pivot area of 1.07780, trying to rise towards the first resistance at 1.08000 and then to the second resistance at 1.08280. Meanwhile, the RSI indicator is below the pivot area, so the euro is likely to move further down.
Suggest: Sell 1.08000 TP1 1.07780 TP2 1.07500 SL 1.08280

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.07776

1.08057

1.07560

1.07716

1.07881

-0.00165

-0.15%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.08500

1.08280

1.08000

1.07780

1.07500

1.07280

1.07010
 
 
GBPUSD
 
On the 1-hour period, GBP/USD is at the pivot area of 1.26270, trying to rise towards the first resistance at 1.26480 and then to the second resistance at 1.26760. Meanwhile, the RSI indicator is below the pivot area, so the pound sterling is likely to move further down.
Suggest: Sell 1.26480 TP1 1.26270 TP2 1.25990 SL 1.26760

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.26180

1.26548

1.26062

1.26275

1.26355

-0.00080

-0.06%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.26960

1.26760

1.26480

1.26270

1.25990

1.25780

1.25510
 
 
AUDUSD
On the 1-hour period, AUD/USD is at the pivot area of 0.65230, trying to rise towards the first resistance at 0.65420 and then to the second resistance at 0.65620. Meanwhile, the RSI indicator is below the pivot area, so the Australian dollar is likely to move further down.
Suggest: Sell 0.65420 TP1 0.65230 TP2 0.65030 SL 0.65620

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.65137

0.65431

0.65038

0.65303

0.65267

0.00036

0.06%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.65820

0.65620

0.65420

0.65230

0.65030

0.64840

0.64640
 
 
USDCHF
On the 1-hour period, USD/CHF is at the pivot area of 0.87490, trying to move down to the first support at 0.87250 and then to the second support at 0.87030. Meanwhile, the RSI indicator is above the pivot area, so the Swiss franc is likely to move further up.

Suggest: Buy 0.87250 TP1 0.87490 TP2 0.87710 SL 0.87030

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.87372

0.87730

0.87266

0.87573

0.87460

0.00113

0.13%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.88180

0.87950

0.87710

0.87490

0.87250

0.87030

0.86790

 

USDJPY


On the 1-hour period, USD/JPY is at the first resistance area of 149.590, trying to move up towards the second resistance at 149.810 and then to the third resistance at 150.140. Meanwhile, the RSI indicator is above the pivot area, so the yen is likely to move up towards the 70 RSI level, which is the overbought area.

Suggest: Buy 149.260 TP1 149.590 TP2 149.810 SL 149.040

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

149.283

149.479

148.930

149.353

149.260

0.093

0.06%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

150.140

149.810

149.590

149.260

149.040

148.710

148.490

 

XUL (LOCO LONDON GOLD)

On the 1-hour period, gold is at the pivot area of 2020.90, trying to move up towards the first resistance at 2029.90 and then to the second resistance at 2036.60. Meanwhile, the RSI indicator is above the pivot area, so gold prices are likely to move up before continuing their decline.

Suggest: Sell 2029.90 TP1 2020.90 TP2 2014.30 SL 2036.60

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

2024.05

2027.54

2011.89

2020.03

2025.37

-5.34

-0.26%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2045.60

2036.60

2029.90

2020.90

2014.30

2005.30

1998.60

 

CLSK (OIL)

On the 1-hour period, oil is at the first resistance area of 77.49, likely to move up to the second resistance at 78.05 and then to the third resistance at 79.03. Meanwhile, the RSI indicator is above the pivot area, so oil prices are likely to move up towards the 70 RSI level, which is the overbought area.

Suggest: Sell 77.50 TP1 77.00 TP2 76.50 SL 78.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

76.56

77.07

75.53

76.94

76.52

0.42

0.55%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

79.03

78.05

77.49

76.51

75.95

74.97

74.41

 

This concludes the explanation of "Daily Technical Analysis: February 13, 2024 - Forex Moves Sideways Ahead of CPI." Read our other articles, such as the explanation of how to buy cryptocurrency, only on Jurnal GIC. Don't forget to enhance your trading skills by getting the Ebook Scalping guide and participating in NFP Live Trading. Make sure to download the GIC Mobile App on Google Play Store.