Here is the technical daily analysis for March 25, 2024. The data and analysis in this bulletin can be used broadly for your trading. However, it should be noted that GICTrade and also the data providers are not responsible for your trading results.
 
We will provide forecasts for price movements in Forex and Commodities, along with calculations of pivot points, resistance, and support levels.

EURUSD


EUR/USD in the 1-hour period is above the first support area at 1.08000, trying to move up to the pivot area at 1.08340 and then towards the first resistance at 1.08660. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Euro may move down first before rebounding.

Suggest: Buy 1.08000 TP1 1.08340 TP2 1.08660 SL 1.07680

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.08554

1.08681

1.08018

1.08088

1.08596

-0.00508

-0.47%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.09330

1.09000

1.08660

1.08340

1.08000

1.07680

1.07340

 

GBPUSD

GBP/USD in the 1-hour period is above the first support area at 1.25770, attempting to move up to the pivot area at 1.26260 and then towards the first resistance at 1.26770. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Pound Sterling may move down first before rebounding.

Suggest: Buy 1.25770 TP1 1.26260 TP2 1.26770 SL 1.25260

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.26542

1.26753

1.25753

1.25984

1.26575

-0.00591

-0.47%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.27770

1.27260

1.26770

1.26260

1.25770

1.25260

1.24770

 

 

AUDUSD

AUD/USD in the 1-hour period is above the first support area at 0.66070, attempting to move up to the pivot area at 0.65420 and then towards the first resistance at 0.65740. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Aussie may move down first before rebounding.

Suggest: Buy 0.65070 TP1 0.65420 TP2 0.65740 SL 0.64750

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.65676

0.65770

0.65103

0.65138

0.65699

-0.00561

-0.85%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.66400

0.66090

0.65740

0.65420

0.65070

0.64750

0.64400

 

 

USDCHF

USD/CHF in the 1-hour period is below the pivot area at 0.89810, attempting to move down to the first support area at 0.89420 and then towards the second support area at 0.89260. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Swiss Franc may move down further.

Suggest: Sell 0.89810 TP1 0.89420 TP2 0.89260 SL 0.90000

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.89714

0.90203

0.89657

0.89664

0.89751

-0.00087

-0.10%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.90510

0.90360

0.89960

0.89810

0.89420

0.89260

0.88870

 

 

USDJPY

USD/JPY in the 1-hour period is below the pivot area at 151.460, attempting to move down towards the first support area at 151.060 and then towards the second support area at 150.600. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Yen may move down further.

Suggest: Sell 151.400 TP1 151.060 TP2 150.600 SL 151.800

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

151.609

151.863

151.003

151.354

151.631

-0.277

-0.18%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

152.780

152.320

151.920

151.460

151.060

150.600

150.200

 

 

XUL (LOCO LONDON GOLD)

Gold prices in the 1-hour period are above the first support area at 2159.30, attempting to move up towards the pivot area at 2172.70 and then towards the first resistance at 2188.30. Meanwhile, the RSI indicator is below the pivot area, suggesting that gold prices may move down first before rebounding.

Suggest: Buy 2168.00.00 TP1 2173.00 TP2 2183.00 SL 2163.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

2181.46

2186.10

2157.13

2166.05

2181.44

-15.39

-0.71%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2217.20

2201.70

2188.30

2172.70

2159.30

2143.70

2130.30

 

 

CLSK (OIL)

Oil prices in the 1-hour period are above the pivot area at 80.90, with potential to move up to the first resistance area at 81.40 and then towards the second resistance at 81.93. Meanwhile, the RSI indicator is above the pivot area, suggesting that oil prices may move up further.

Suggest: Buy 80.90 TP1 81.40 TP2 81.93 SL 80.40

 

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

80.82

81.43

80.40

80.87

80.88

-0.01

-0.01%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

82.43

81.93

81.40

80.90

80.37

79.87


79.34
Here’s the explanation about “Technical Daily Analysis: March 25, 2024 – The US Dollar May 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 obtaining the Scalping Ebook guide and participating in Live Trading at NFP Live Trading. Be sure to download the GIC Mobile Apps on the Google Play Store.