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Here is the technical daily analysis for May 15, 2024. The data and analysis in this bulletin can be used widely for your trading. However, it should be noted that GICTrade and the data providers are not responsible for your trading results.
We will provide you with forecasts of 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 pivot area at 156.370, attempting to move down towards the first support area at 155.950 and then to the second support area at 155.700. Meanwhile, the RSI indicator is below the pivot area, indicating that the yen has the potential to move downward.
Suggest: Sell 156.500 TP1 156.000 TP2 155.700 SL 156.800
XAUUSD (LOCO LONDON GOLD)
The price of gold on the 1-hour timeframe is above the pivot area at 2346.70, attempting to move up towards the first resistance area at 2358.60 and then to the second resistance area at 2371.50. Meanwhile, the RSI indicator is above the pivot area, indicating that the price of gold has the potential to move further upward.
Suggest: Buy 2348.00 TP1 2358.00 TP2 2370.00 SL 2340.00
CLSK (OIL)
The price of oil on the 1-hour timeframe is above the pivot area at 78.40, with potential to move up to the first resistance area at 79.13 and then to the second resistance area at 80.08. Meanwhile, the RSI indicator is at the pivot area, suggesting that the price of oil has the potential to move further upward.
Suggest: Buy 78.40 TP1 79.00 TP2 80.00 SL 78.00
Well, that's the explanation for “Technical Daily Analysis: May 15, 2024 – The Fate of the Dollar Amid Inflation?.” Also, read our other articles, such as the explanation of how to buy cryptocurrency, only on Jurnal GIC. Don't forget to enhance your trading skills by getting the Scalping Ebook guide. Make sure to download the GIC Mobile Apps on Google Play Store.
USDJPY
USD/JPY on the 1-hour timeframe is below the pivot area at 156.370, attempting to move down towards the first support area at 155.950 and then to the second support area at 155.700. Meanwhile, the RSI indicator is below the pivot area, indicating that the yen has the potential to move downward.
Suggest: Sell 156.500 TP1 156.000 TP2 155.700 SL 156.800
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
156.150 |
156.786 |
156.115 |
156.425 |
156.215 |
0.210 |
0.13% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
157.300 |
157.040 |
156.630 |
156.370 |
155.950 |
155.700 |
155.280 |
XAUUSD (LOCO LONDON GOLD)
The price of gold on the 1-hour timeframe is above the pivot area at 2346.70, attempting to move up towards the first resistance area at 2358.60 and then to the second resistance area at 2371.50. Meanwhile, the RSI indicator is above the pivot area, indicating that the price of gold has the potential to move further upward.
Suggest: Buy 2348.00 TP1 2358.00 TP2 2370.00 SL 2340.00
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
2335.87 |
2359.69 |
2334.84 |
2356.54 |
2336.24 |
20.30 |
0.87% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
2383.40 |
2371.50 |
2358.60 |
2346.70 |
2333.70 |
2321.90 |
2308.90 |
CLSK (OIL)
The price of oil on the 1-hour timeframe is above the pivot area at 78.40, with potential to move up to the first resistance area at 79.13 and then to the second resistance area at 80.08. Meanwhile, the RSI indicator is at the pivot area, suggesting that the price of oil has the potential to move further upward.
Suggest: Buy 78.40 TP1 79.00 TP2 80.00 SL 78.00
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
79.18 |
79.35 |
77.67 |
78.19 |
79.15 |
-0.96 |
-1.21% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
80.81 |
80.08 |
79.13 |
78.40 |
77.45 |
76.72 |
75.77 |
Well, that's the explanation for “Technical Daily Analysis: May 15, 2024 – The Fate of the Dollar Amid Inflation?.” Also, read our other articles, such as the explanation of how to buy cryptocurrency, only on Jurnal GIC. Don't forget to enhance your trading skills by getting the Scalping Ebook guide. Make sure to download the GIC Mobile Apps on Google Play Store.
