Here is the technical daily analysis for January 8, 2024. The data and analysis in this bulletin can be widely used for your trading. However, it is important to note that GICTrade and the data providers are not responsible for your trading results.

Below, we will provide forecasts for price movements in Forex and Commodities, along with calculations for Pivot points, Resistance, and Support levels.

EURUSD

teknikal euro

The EUR/USD pair on the 1-hour timeframe is attempting to move downward, touching the support level at 1.08820 and heading towards the next support level at 1.08190. The downtrend is also visible from the template, where the potential percentage decline is higher compared to the percentage increase. Meanwhile, the bearish bias is supported by a sell signal indicated by the purple arrow.

Suggest: Sell 1.09400 TP1 1.09100 TP2 1.08820 SL 1.09650

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.09441

1.09984

1.08769

1.09391

1.09459

-0.00068

-0.06%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.11250

1.10620

1.10030

1.09400

1.08820

1.08190

1.07600

 

GBPUSD


The GBP/USD pair on the 1-hour timeframe is attempting to move downward, touching the support level at 1.26890 and heading towards the next support level at 1.26300. The downtrend is also evident from the template, where the potential percentage decline is higher compared to the percentage increase. Meanwhile, the bearish bias is supported by a sell signal indicated by the purple arrow.

Suggest: Sell 1.27100 TP1 1.26890 TP2 1.26300 SL 1.27300

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.26801

1.27480

1.26114

1.27165

1.26825

0.00340

0.27%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.29030

1.28260

1.27670

1.26890

1.26300

1.25520

1.24930

 

AUDUSD



The AUD/USD pair on the 1-hour timeframe is attempting to move downward, touching the support level at 0.66560 and heading towards the next support level at 0.65940. The downtrend is also visible from the template, where the potential percentage decline is higher compared to the percentage increase. Meanwhile, the bearish bias is supported by a sell signal indicated by the purple arrow.

Suggest: Sell 0.67100 TP1 0.66800 TP2 0.66560 SL 0.67350

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.67067

0.67480

0.66403

0.67138

0.67067

0.00071

0.11%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.68710

0.68100

0.67640

0.67020

0.66560

0.65940

0.65480

 

USDCHF

technical franc

The USD/CHF pair on the 1-hour timeframe is attempting to move upward, touching the resistance level at 0.85630 and heading towards the next resistance level at 0.86310. The uptrend is also evident from the template, where the potential percentage increase is higher compared to the percentage decline. Meanwhile, the bullish bias is supported by a buy signal indicated by the blue arrow.

Suggest: Buy 0.85000 TP1 0.85250 TP2 0.85630 SL 0.84750

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.84987

0.85768

0.84552

0.85040

0.85019

0.00021

0.02%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.86840

0.86310

0.85630

0.85090

0.84410

0.83870

0.83200

 

USDJPY

technical yen

The USD/JPY pair on the 1-hour timeframe is attempting to move downward, touching the support level at 143.590 and heading towards the next support level at 142.610. The downtrend is also evident from the template, where the potential percentage decline is higher compared to the percentage increase. Meanwhile, the bearish bias is supported by a sell signal indicated by the purple arrow.

Suggest: Sell 144.500 TP1 144.200 TP2 143.900 SL 144.800

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

144.604

145.975

143.806

144.716

144.632

0.084

0.06%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

147.920

146.950

145.750

144.780

143.590

142.610

141.420

 

XUL (LOCO LONDON GOLD)

technical gold

The gold price on the 1-hour timeframe is attempting to move downward, touching the support level at 2024.60 and heading towards the next support level at 2004.80. The downtrend is also evident from the template, where the potential percentage decline is higher compared to the percentage increase. Meanwhile, the bearish bias is supported by a sell signal indicated by the purple arrow.

Suggest: Sell 2044.30 TP1 2039.30 TP2 2034.30 SL 2047.30

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

2043.80

2063.97

2024.47

2044.80

2043.34

1.46

0.07%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2103.60

2083.80

2064.10

2044.30

2024.60

2004.80

1985.10

 

CLSK (OIL)

technical oil

The oil price on the 1-hour timeframe is attempting to move downward, needing to break through the support level at 72.67 before heading towards the next support level at 71.43. Meanwhile, for a bullish bias, the oil price must break above the resistance level at 73.44 to move towards the next resistance level at 74.68.

Suggest: Buy 72.80 TP1 73.30 TP2 73.80 SL 72.30

 


PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

72.40

74.21

72.20

73.90

72.36

1.54

2.13%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

76.69

75.45

74.68

73.44

72.67

71.43

70.66


Well, that concludes the explanation of “Technical Daily Analysis: January 8, 2024 – USD Attempts to Rebound.” Also, check out our other articles, such as guides on how to buy cryptocurrency, available only at Jurnal GIC. Don’t forget to enhance your trading skills by obtaining the Ebook Scalping guide and participating in Live Trading during NFP Live Trading. Make sure to download the GIC Mobile App from the Google Play Store.