Technical Daily Analysis: June 28, 2023 – US Dollar Plunges

The following is a technical daily analysis, June 28, 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 1.09360 to the next support level at 1.08960. The downward trend is also seen from the FXBot template, where the EUR figure is lower by 6.0 than the USD figure of 6.2. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 1.09360 TP1 1.109100 TP2 1.08960 SL 1.09700

GBPUSD

GBP/USD on the 1-hour period tried to move down, touching the support level at 1.27300 until heading towards the next support level at 1.26730. The downward trend can also be seen from the FXBot template, where the GBP figure is lower by 3.2 than the USD figure of 6.4. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 1.27300 TP1 1.27010 TP2 1.26730 SL 1.27580

AUDUSD

AUD/USD on the 1-hour period tried to move down, touching the support level at 0.66360 again to the next support level at 0.66030. The downward trend can also be seen from the FXBot template, where the AUD figure is lower by 4.0 than the USD figure of 6.7. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 0.66360 TP1 0.66030 TP2 0.65800 SL 0.66600

USDCHF

Daily technical analysis for the USD/CHF pair on the 1-hour period tried to move up, touching the resistance level at 0.89460 to the next resistance level at 0.89920. The upward trend can also be seen from the FXBot template, where the CHF figure is lower by 5.5 than the USD figure of 6.5. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.89460 TP1 0.89690 TP2 0.89920 SL 0.89220

USDJPY

USD/JPY on the 1-hour period tried to move up, touching the resistance level at 144,220 until the next resistance level at 144,640. The upward trend can also be seen from the FXBot template, where the JPY figure is lower by 6.0 than the USD figure of 6.4. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 144.220 TP1 144.450 TP2 144.640 SL 144.000

XUL (LOCO LONDON GOLD)

Gold prices in the 1-hour period tried to move down, touching the support level at 1908.30 until heading to the next support level at 1899.70. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 1913.00 TP1 1908.30 TP2 1905.00 SL 1919.40

CLSK (OIL)

Daily technical analysis for oil prices in the 1-hour period is trying to move up, it needs to break through the resistance level at 68.66 to the next resistance level at 69.41. Meanwhile, for further bearish bias, oil prices need to pass the support level at 67.49 to reach the next support level at 66.77.

Suggest: Buy 68.00 TP1 68.66 TP2 69.00 SL 67.60