The following is a technical daily analysis, January 11, 2024. 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.

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

teknikal euro

EUR/USD on the 1-hour period tried to move up, touching the resistance level at 1.10000 until heading to the next resistance level at 1.10270. An upward trend can also be seen from the template, where the potential for a percentage increase is higher than the percentage decrease. While the bullish bias is also supported by a buy signal indicated by a blue arrow.

Suggest: Buy 1.09770 TP1 1.10000 TP2 1.10270 SL 1.09500

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.09310

1.09732

1.09230

1.09728

1.09312

0.00416

0.38%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.10270

1.10000

1.09770

1.09500

1.09270

1.09000

1.08770

 

GBPUSD

teknikal sterling

GBP/USD on the 1-hour period tried to move up, touching the resistance level at 1.27780 to the next resistance level at 1.28120. An upward trend can also be seen from the template, where the potential for a percentage increase is higher than the percentage decrease. While the bullish bias is also supported by a buy signal indicated by a blue arrow.

Suggest: Buy 1.27540 TP1 1.27780 TP2 1.28120 SL 1.27200

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.27089

1.27442

1.26863

1.27420

1.27096

0.00324

0.25%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.28120

1.27780

1.27540

1.27200

1.26960

1.26620

1.26380

 

AUDUSD

teknikal aussie

AUD/USD on the 1-hour period tried to move down, touching the support level at 0.66930 again to the next support level at 0.66730. A downward trend can also be seen from the template, where the potential for a percentage decrease is higher compared to the percentage increase. While the bearish bias is also supported by a sell signal indicated by a purple arrow.

Suggest: Buy 0.67080 TP1 0.67280 TP2 0.67430 SL 0.66800

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.66808

0.67130

0.66782

0.66996

0.66869

0.00127

0.19%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.67430

0.67280

0.67080

0.66930

0.66730

0.66580

0.66380

 

USDCHF

teknikal franc

USD/CHF on the 1-hour period tried to move up, touching the resistance level at 0.85180 until heading to the next resistance level at 0.85290. The trend is in the decline visible from the template, where the potential for a percentage decrease is higher compared to the percentage increase. While the bullish bias is also supported by a buy signal indicated by a blue arrow.

Suggest: Sell 0.85180 TP1 0.85000 TP2 0.84800 SL 0.85300

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.85218

0.85336

0.85071

0.85081

0.85233

-0.00152

-0.18%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.85550

0.85450

0.85290

0.85180

0.85020

0.84920

0.84760

 

USDJPY

teknikal yen

USD/JPY in the 1-hour period tried to move down, touching the support level at 145,090 until heading to the next support level at 144,350. The trend is in the upward visible from the template, where the potential for a percentage increase is higher compared to the percentage decrease. While the bullish bias is also supported by a buy signal indicated by a blue arrow.

Suggest: Sell 145.860 TP1 145.500 TP2 145.090 SL 146.200

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

144.425

145.832

144.319

145.766

144.482

1.284

0.89%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

147.370

146.600

145.860

145.090

144.350

143.580

142.840

 

XUL (LOCO LONDON GOLD)

teknikal gold

Gold prices in the 1-hour period tried to move up, touching the resistance level at 2036.90 until heading to the next resistance level at 2048.30. An upward trend can also be seen from the template, where the potential for a percentage increase is higher than the percentage decrease. While the bullish bias is also supported by a buy signal indicated by a blue arrow.

Suggest: Buy 2032.00 TP1 2036.90 TP2 2046.00 SL 2027.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

2030.44

2040.08

2020.46

2023.67

2029.43

-5.76

-0.28%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2056.60

2048.30

2036.90

2028.70

2017.30

2009.10

1997.70

 

CLSK (OIL)

teknikal oil

Oil prices in the 1-hour period are trying to move down, needing to pass the support level at 70.34 to reach the next support level at 69.38. Meanwhile, for a bullish bias, oil prices need to cross the resistance level at 71.95 to the next resistance level at 72.91.

Suggest: Sell 71.00 TP1 70.50 TP2 70.00 SL 71.50

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

72.13

73.56

70.99

71.31

72.19

-0.88

-1.22%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

75.48

74.52

72.91

71.95

70.34

69.38

67.77

 

Well, that's the explanation of "Technical Daily Analysis: January 11, 2024 – Inflation Slows Down, US Dollar Weighs On". Also read our other articles, such as an explanation of how to buy cryptocurrencies, only in the GIC Journal. Don't forget to practice your trading skills by getting the Scalping Ebook and following Live Trading on NFP Live Trading. Make sure, download GIC Mobile Apps on the Google Play Store.