Technical Daily Analysis: February 23, 2023 – Bullish US Dollar

The following is a daily technical analysis, February 23, 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

EUR/USD on the 30-minute period tried to rebound, testing the resistance area at 1.06368. If it can be crossed, then the bullish bias will continue until the resistance level of 1.06570. However, if you look at the RSI that wants to enter the overbought area, then the euro increase will be limited. Meanwhile, for further decline, the EUR/USD pair must first cross the 1.05986 support level, heading to the next support at 1.05630.

Suggest:

Sell 1.06570 - 1.06470 TP1 1.06270 TP2 1.05986 SL 1.06930

GBPUSD

GBP/USD in the 30-minute period was observed moving up, testing the resistance area at 1.20819. If it can be crossed, then the bullish bias will continue until the resistance level of 1.21280. However, if you look at the RSI that wants to enter the overbought area, then the increase in sterling will be limited. Meanwhile, for further decline, the GBP/USD pair must first pass the support level of 1.20339, heading to the next support at 1.19800.

Suggest :

Sell 1.21280 - 1.21180 TP1 1.20810 TP2 1.20270 SL 1.21820

AUDUSD

Daily Technical Analysis AUD/USD in the 30-minute period is observed to move sideways or flat, it is necessary to break one of the resistance and support levels. For further gains, it is necessary to break 0.68411 to test the next resistance at 0.68640. As for the bearish bias, AUD/USD needs to break the 0.68105 support first, testing the next support at 0.67590.

Suggest :

Sell 0.68640 - 0.68540 TP1 0.68290 TP2 0.67940 SL 0.68990

USDCHF

USD/CHF on the 1-hour period was observed moving upwards which was confirmed by the MA50 line which had crossed the MA100 line from below, testing the resistance area at 0.93315. If it can be crossed, then the bullish bias will continue until the resistance level of 0.93550. However, if you look at the RSI that wants to enter the overbought area, then the increase in USD/CHF will be limited. Meanwhile, to fall further, the USD/CHF pair must pass the support level of 0.92904 first, towards the next support at 0.92600.

Suggest :

Sell 0.93550 - 0.93400 TP1 0.92940 TP2 0.92600 SL 0.93920

USDJPY

Daily Technical Analysis for USD/JPY in the 30-minute period was observed moving upwards, testing the resistance area at 135,059. If it can be crossed, then the bullish bias will continue until the resistance level of 135,520. However, if you look at the RSI that wants to enter the overbought area, then the increase in USD/JPY will be limited. Meanwhile, to turn the bias bearish, the USD/JPY pair must first pass through the support level of 134,698, heading to the next support at 134,140.

Suggest :

Buy 134.140 - 134.300 TP1 134.610 TP2 135.059 SL 133.910

XUL (LOCO LONDON GOLD)

Gold prices in the 1-hour period are still in a downtrend, trying to rebound to test the resistance level in the area of 1834.14 to the next resistance at 1841.00. Meanwhile, to continue the bearish trend, gold needs to pass the support of 1822.89 first to the next support at 1818.50-1815.00.

Suggest :

Sell 1841.00 - 1838 TP1 1832.20 TP2 1818.50 SL 1854.70

CLSK (OIL)

Daily Technical Analysis for oil prices in the 30-minute period is still in a downtrend, trying to rebound to test the resistance level in the area of 74.94 to the next resistance at 75.67. Meanwhile, to continue the bearish trend, oil needs to pass the support of 73.79 first to the next support at 72.93.

Suggest :

Buy 74.80 - 75.00 TP1 75.67 TP2 76.00 SL 74.00