Technical Daily Analysis: June 21, 2023 – US Home Construction Rises, Dollar?

The following is a technical daily analysis, June 21, 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 down, touching the support level at 1.08930 and heading to the next support level at 1.08650. The downward trend can also be seen from the FXBot template, where the EUR figure is lower by 5.7 than the USD figure of 8.2. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 1.08930 TP1 1.08650 TP2 1.08390 SL 1.09190

GBPUSD

GBP/USD in the 1-hour period tried to move down, touching the support level at 1.27690 again to the next support level at 1.27320. The downward trend can also be seen from the FXBot template, where the GBP figure is lower by 3.5 than the USD figure of 7.5. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 1.27690 TP1 1.27320 TP2 1.27000 SL 1.28000

AUDUSD

AUD/USD on the 1-hour period tried to move down, touching the support level at 0.67680 until heading towards the next support level at 0.67090. The downward trend can also be seen from the FXBot template, where the AUD figure is lower by 1.4 than the USD figure of 8.2. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 0.67680 TP1 0.67400 TP2 0.67090 SL 0.68000

USDCHF

USD/CHF in the 1-hour period moved further up, touching the resistance level at 0.89920 until heading to the next resistance level at 0.90220. The upward trend can also be seen from the FXBot template, where the CHF figure is lower by 3.6 than the USD figure of 8.0. Meanwhile, the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.89920 TP1 0.90220 TP2 0.90430 SL 0.89710

USDJPY

USD/JPY in the 1-hour period tried to move up, touching the resistance level at 142,230 until heading to the next resistance level at 142,760. The upward trend can also be seen from the FXBot template, where the JPY figure is lower by 2.1 than the USD figure of 7.7. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 142.230 TP1 142.500 TP2 142.760 SL 142.000

XUL (LOCO LONDON GOLD)

Gold prices in the 1-hour period moved down further, trying to touch the support area at 1929.60 until heading towards the next support level at 1916.10. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 1931.00 TP1 1926.00 TP2 1920.00 SL 1936.00

CLSK (OIL)

The daily analysis for oil prices in the 1-hour period is trying to move upwards, it needs to cross the resistance level at 71.85 to reach the next resistance level at 72.42. Meanwhile, to continue the bearish bias, oil prices need to pass the support level at 70.83 to reach the next support level at 69.85.

Suggest: Buy 71.85 TP1 72.20 TP2 72.50 SL 71.35