Here’s the technical daily analysis for June 27, 2024. The data and analysis in this bulletin can be widely used for your trading. However, please note that GICTrade and the data provider are not responsible for your trading results.

We will provide forecasts for price movements in Forex and commodities, complete with calculations of pivot points, resistance, and support levels.

USDJPY



USD/JPY on the 1-hour timeframe is below the first resistance area at 160.850, attempting to move down toward the pivot area at 160.230 and the first support area at 159.590. Meanwhile, the RSI indicator is below the pivot area, indicating that the yen may have further potential to move downward.
Suggest: Sell 160.500 TP1 160.200 TP2 159.900 SL 160.800

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

159.634

160.870

159.610

160.809

159.663

1.146

0.72%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

162.110

161.490

160.850

160.230

159.590

158.970

158.330


XAUUSD



Gold prices on the 1-hour timeframe are above the first support area at 2293.10, attempting to move up toward the pivot area at 2308.60 and the first resistance area at 2323.60. Meanwhile, the RSI indicator is below the pivot area, suggesting that gold may have the potential to decline first before rebounding.

Suggest: Buy 2298.00 TP1 2308.00 TP2 2318.00 SL 2293.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

2318.95

2324.06

2293.63

2297.93

2318.13

-20.20

-0.87%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2354.00

2339.00

2323.60

2308.60

2293.10

2278.20

2262.70



CLSK (OIL)



Oil prices on the 1-hour timeframe are above the pivot area at 80.61, with potential to rise to the first resistance area at 81.05 and then towards the second resistance area at 82.05. Meanwhile, the RSI indicator is at the pivot area, suggesting that oil prices may have further upside potential.

Suggest: Buy 80.50 TP1 81.00 TP2 81.50 SL 80.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

80.70

81.61

80.17

80.06

80.78

-0.72

-0.89%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

82.49

82.05

81.05

80.61

79.61

79.17

78.17

 


That concludes the explanation of "Technical Daily Analysis: June 27, 2024 - US Dollar Likely to Correct." Also, check out our other articles, such as guides on how to buy cryptocurrency, exclusively on Jurnal GIC. Don't forget to enhance your trading skills by getting the Scalping Ebook guide and make sure to download the GIC Mobile App from the Google Play Store.