Here is the technical daily analysis for September 22, 2023. The data and analysis in this bulletin can be broadly used for your trading. However, it should be noted that GICTrade and data providers are not responsible for your trading results.
 
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Below, we provide forecasts for price movements in Forex and Commodities, including calculations for Pivot Points, Resistance, and Support levels.

 

EURUSD

Technical daily analysis for EUR/USD on the 1-hour period shows an upward movement, touching the resistance level at 1.06870 and moving towards the next resistance at 1.07080. The uptrend is also seen from the FXBot template, where the EUR index is 5.0 compared to the USD index at 3.8. Meanwhile, the bias remains bearish, supported by a sell signal indicated by a red arrow.

Suggest: Buy 1.06650 TP1 1.06870 TP2 1.07080 SL 1.06400

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.06584

1.06716

1.06151

1.06593

1.06585

0.00008

0.01%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.07430

1.07080

1.06870

1.06510

1.06300

1.05950

1.05740

 

GBPUSD

 
GBP/USD on the 1-hour period is attempting to move upwards, reaching the resistance level at 1.23020 and towards the next resistance at 1.23730. The uptrend is also visible from the FXBot template, where the GBP index is 3.1 compared to the USD index at 3.0. The bias remains bearish, supported by a sell signal shown by a red arrow.

Suggest: Buy 1.23020 TP1 1.23300 TP2 1.23730 SL 1.22700

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.23421

1.23435

1.22312

1.22927

1.23421

-0.00494

-0.40%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.24850

1.24140

1.23730

1.23020

1.22610

1.21900

1.21480

 

AUDUSD

Technical daily analysis for AUD/USD on the 1-hour period shows an upward movement, reaching the resistance at 0.64230 and moving to the next resistance at 0.64630. This uptrend is supported by the FXBot template, where the AUD index is 7.7, higher than the USD index at 4.4. The bias remains bearish, supported by a sell signal indicated by a red arrow.

Suggest: Buy 0.64230 TP1 0.64630 TP2 0.64900 SL 0.63960

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.64454

0.64505

0.63835

0.64134

0.64457

-0.00323

-0.50%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.65300

0.64900

0.64630

0.64230

0.63960

0.63560

0.63290

 

USDCHF


USD/CHF on the 1-hour period shows an upward move, touching the resistance at 0.90640 and aiming for the next resistance at 0.91190. The uptrend is seen from the FXBot template, where the CHF index is 4.0 compared to the USD index at 4.2. The bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.90640 TP1 0.90800 TP2 0.91190 SL 0.90300

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.89840

0.90762

0.89784

0.90434

0.89840

0.00594

0.66%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.91610

0.91190

0.90640

0.90210

0.89660

0.89230

0.88680

 

USDJPY

USD/JPY on the 1-hour period shows an upward movement, touching the resistance at 148.500 and moving to the next resistance at 149.040. This uptrend is supported by the FXBot template, where the JPY index is 0.3 compared to the USD index at 3.2. The bullish bias is also supported by a buy signal shown by a green arrow.

Suggest: Buy 148.500 TP1 148.800 TP2 149.040 SL 148.200

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

148.320

148.439

147.303

147.546

148.332

-0.786

-0.53%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

149.630

149.040

148.500

147.900

147.360

146.760

146.230

 

XUL (LOCO LONDON GOLD)

Gold prices on the 1-hour period show an upward movement, touching the resistance level at 1934.00 and moving towards the next resistance at 1941.50. The bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Sell 1932.00 TP1 1928.00 TP2 1923.90 SL 1935.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1930.57

1931.41

1913.84

1919.80

1930.84

-11.04

-0.57%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1951.50

1941.50

1934.00

1923.90

1916.40

1906.30

1898.80

 

CLSK (OIL)

Technical daily analysis for oil prices on the 1-hour period shows an upward movement, needing to break through the resistance at 90.92 and moving towards the next resistance at 92.25. For further bearish bias, oil prices need to breach the support at 89.64 and move towards the next support at 89.50.

Suggest: Sell 90.15 TP1 90.60 TP2 90.92 SL 89.75

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

89.28

90.97

88.36

89.58

89.27

0.31

0.35%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

93.53

92.25

90.92

89.64

88.31

87.03

85.70

 

That's the explanation for "Technical Daily Analysis: September 22, 2023 – Unemployment Claims Drop, Dollar Strengthens." Read our other articles, like how to buy cryptocurrency, only on GIC Journal. Don’t forget to sharpen your trading skills by getting the Scalping Ebook guide and participating in NFP Live Trading. Make sure to download the GIC Mobile App from the Google Play Store.