Technical Daily Analysis: May 15, 2023 – Consumer Sentiment Falls, US Dollar?

The following is a technical daily analysis, May 15, 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 upwards, touching the resistance level at 1.08870 until the next resistance level at 1.09270. The upward trend can also be seen from the FXBot template, where the EUR figure is higher by 4.2 than the USD figure of 1.2.

Suggest: Buy 1.08870 TP1 1.09270 TP2 1.09750 SL 1.08500

GBPUSD

GBP/USD on the 1-hour period tried to move upwards touching the resistance level at 1.24860 until heading towards the next resistance level at 1.25280. The uptrend can also be seen from the FXBot template, where the GBP figure is higher by 5.0 than the USD figure of 1.0.

Suggest: Buy 1.24860 TP1 1.25280 TP2 1.25820 SL 1.24500

AUDUSD

AUD/USD on the 1-hour period tried to move upwards touching the resistance level at 0.67060 until heading towards the next resistance level at 0.67410. The upward trend can also be seen from the FXBot template, where the AUD figure is higher by 8.7 from the USD figure of 1.0. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.67060 TP1 0.67410 TP2 0.67760 SL 0.66710

USDCHF

Daily technical analysis for the USD/CHF pair on the 1-hour period is trying to move down, needing to break through the support level at 0.89520 and towards the next support level at 0.89170. The downward trend can also be seen from the FXBot template, where the CHF figure is higher by 3.6 than the USD figure of 1.0.

Suggest: Sell 0.89520 TP1 0.89170 TP2 0.88620 SL 0.89800

USDJPY

USD/JPY on the 1-hour period is trying to move up, needing to cross the resistance level at 136,450 to reach the next resistance level at 137,150. The upward trend can also be seen from the FXBot template, where the JPY figure is 0.6 lower than the USD figure of 1.0. While the bullish bias is also supported by the Buy signal indicated by the green arrow.

Suggest: Buy 136.450 TP1 136.850 TP2 137.150 SL 136.000

XUL (LOCO LONDON GOLD)

Suggest: Buy 2020.00 TP1 2025.00 TP2 2030.00 SL 2012.10

CLSK (OIL)

Oil prices in the 1-hour period are trying to move further down, needing to pass through the support area at 69.38 to reach the next support level at 68.76. Meanwhile, to change the bias to bullish, oil prices need to pass the resistance level at 70.21 to reach the next resistance level at 71.23.

Suggest: Sell 69.38 TP1 68.76 TP2 78.30 SL 70.00