Technical Daily Analysis: June 9, 2023 – Jobless Claims Rise, Greenback Plummets

The following is a technical daily analysis, June 9, 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 downwards, touching the support level at 1.07690 to the next support level at 1.06940. The downward trend can also be seen from the FXBot template, where the EUR figure is lower by 2.4 than the USD figure of 3.2. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 1.07690 TP1 1.07400 TP2 1.06940 SL 1.07880

GBPUSD

GBP/USD on the 1-hour period tried to move upwards touching the resistance level at 1.25640 until heading towards the next resistance level at 1.26280. The upward trend has not been supported by the FXBot template, where the GBP figure is equal to the USD figure of 3.1. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 1.25640 TP1 1.26000 TP2 1.26280 SL 1.25300

AUDUSD

Daily technical analysis for the AUD/USD pair on the 1-hour period tried to move up, touching the resistance level at 0.67160 to the next resistance level at 0.67500. The upward trend can also be seen from the FXBot template, where the AUD figure is higher by 6.8 from the USD figure of 4.2. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.67160 TP1 0.67500 TP2 0.67820 SL 0.66900

USDCHF

USD/CHF on the 1-hour period tried to move down, touching the support level at 0.89850 until heading towards the next support level at 0.89280. The downward trend can also be seen from the FXBot template, where the CHF figure is higher by 5.1 than the USD figure of 3.5. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 0.89850 TP1 0.89500 TP2 0.89280 SL 0.90200

USDJPY

USD/JPY in the 1-hour period tried to move up, touching the resistance level at 139,510 until heading to the next resistance level at 140,220. The upward trend can also be seen from the FXBot template, where the JPY figure is 0.3 lower than the USD figure of 2.8. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 139.510 TP1 139.800 TP2 140.220 SL 139.200

XUL (LOCO LONDON GOLD)

Daily technical analysis for gold prices on the 1-hour period tried to move up, touching the resistance area at 1968.30 until the next resistance level at 1984.80. Meanwhile, from the FXBot template, a bullish trend can be seen supported by a buy signal indicated by a green arrow.

Suggest: Buy 1968.30 TP1 1972.00 TP2 1975.00 SL 1963.00

CLSK (OIL)

Oil prices in the 1-hour period are trying to move up, needing to cross the resistance area at 71.60 to reach the next resistance level at 73.10. Meanwhile, to continue the bearish bias, oil prices need to pass the support level at 70.12 to reach the next support level at 68.86.

Suggest: Buy 71.60 TP1 72.10 TP2 72.50 SL 71.00