The following is a technical daily analysis, June 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

Euro, 23 Juni 2023

The daily technical analysis for the EUR/USD pair on the 1-hour period moved further downwards, trying to touch the support level at 1.09120 and towards the next support level at 1.08760. The downward trend can also be seen from the FXBot template, where the EUR figure is lower by 4.0 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 1.09120 TP1 1.108900 TP2 1.08760 SL 1.09390

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.09856

1.10108

1.09479

1.09550

1.09857

-0.00307

-0.28%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.10650

1.10380

1.10020

1.09750

1.09390

1.09120

1.08760


GBPUSD

Sterling, 23 Juni 2023

GBP/USD on the 1-hour period tried to move down, touching the support level at 1.27010 until heading to the next support level at 1.26570. The downward trend can also be seen from the FXBot template, where the GBP figure is lower by 7.1 than the USD figure of 8.1.

Suggest: Sell 1.27010 TP1 1.26750 TP2 1.26570 SL 1.27300

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.27668

1.28367

1.27251

1.27469

1.27668

-0.00199

-0.16%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.29250

1.28810

1.28130

1.27690

1.27010

1.26570

1.25900


AUDUSD

Aussie, 23 Juni 2023

Daily technical analysis for the AUD/USD pair on the 1-hour period tried to move down, touching the support level at 0.66830 to the next support level at 0.66500. The downward trend can also be seen from the FXBot template, where the AUD figure is lower by 1.2 than the USD figure of 8.0. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 0.66830 TP1 0.66500 TP2 0.66300 SL 0.67140

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.67958

0.68053

0.67440

0.67555

0.67957

-0.00402

-0.59%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.68670

0.68360

0.68060

0.67750

0.67450

0.67140

0.66830

USDCHF

Franc, 23 Juni 2023

USD/CHF on the 1-hour period moved further up, trying to touch the resistance level at 0.90050 until heading towards the next resistance level at 0.90390. The upward trend can also be seen from the FXBot template, where the CHF figure is lower by 3.3 than the USD figure of 8.2. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.90050 TP1 0.90390 TP2 0.90500 SL 0.89720

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.89299

0.89719

0.89056

0.89467

0.89299

0.00168

0.19%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.90390

0.90050

0.89720

0.89390

0.89060

0.88730

0.88400


USDJPY

Yen, 23 Juni 2023

USD/JPY on the 1-hour period moved further up, trying to touch the resistance level at 143,300 again to the next resistance level at 144,070. The upward trend can also be seen from the FXBot template, where the JPY figure is lower by 4.6 than the USD figure of 8.2. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 143.300 TP1 143.600 TP2 144.070 SL 143.000

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

141.869

143.220

141.605

143.101

141.887

1.214

0.85%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

144.910

144.070

143.300

142.450

141.680

140.840

140.070


XUL (LOCO LONDON GOLD)

Gold, 23 Juni 2023

Gold prices in the 1-hour period tried to move up, touching the resistance area at 1923.30 until heading to the next resistance level at 1933.90. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Sell 1925.00 TP1 1920.00 TP2 1915.00 SL 1933.90

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1931.71

1934.79

1912.66

1913.93

1933.06

-19.13

-0.99%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1956.10

1945.40

1933.90

1923.30

1911.80

1901.20

1889.70

CLSK (OIL)

Oil, 23 Juni 2023

Oil prices in the 1-hour period moved down further, needing to pass the support level at 68.52 to reach the next support level at 68.02. Meanwhile, to change the bias to bullish, oil prices need to cross the resistance level at 69.11 to the next resistance level at 70.32.

Suggest: Sell 68.52 TP1 68.02 TP2 67.50 SL 69.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

72.41

72.62

68.93

69.42

72.55

-3.13

-4.31%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

75.40

74.01

71.71

70.32

68.02

66.63

64.33

So, that's the explanation of "Technical Daily Analysis: June 23, 2023 – Euphoria of Interest Rate Hikes, US Dollar Flies". Also read our other articles, such as an explanation of how to buy cryptocurrencies, only in the GIC Journal. Don't forget to practice your trading skills by getting the Scalping Ebook and following Live Trading on NFP Live Trading. Make sure, download GIC Mobile Apps on the Google Play Store.

Warning!
 
This analysis is based on fundamental and technical views from reliable sources, and is not a suggestion or invitation. Always remember that this content aims to enrich the reader's information. Always use independent research first on other forex information to use as a reference in your trading.  
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