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Here is the daily technical analysis for June 13, 2024. The data and analysis in this bulletin can be widely used for your trading activities. However, it should be noted that GICTrade and the data providers are not responsible for the results of your trading.
We will provide you with the forecast of price movements in Forex and Commodities, complete with the calculation of Pivot points, Resistance, and Support levels.
GBPUSD
GBP/USD on the 1-hour period is below the pivot area at 1.27810, attempting to move down to the first support area at 1.27010 and potentially reaching the second support area at 1.26510. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Pound Sterling has the potential to decline further.
Suggest: Sell 1.27850 TP1 1.27650 TP2 1.27400 SL 1.28050
XAUUSD (LOCO LONDON GOLD)
Gold prices on the 1-hour period are below the pivot area at 2323.10, attempting to move down towards the first support area at 2304.60 and potentially reaching the second support area at 2292.10. Meanwhile, the RSI indicator is below the pivot area, indicating that gold prices have the potential to decline further.
Suggest: Sell 2320.00 TP1 2315.00 TP2 2305.00 SL 2325.00
CLSK (OIL)
Oil prices on the 1-hour period are below the pivot area at 78.51, with the potential to move down to the first support area at 77.73 and further towards the second support area at 77.09. Meanwhile, the RSI indicator is below the pivot area, suggesting that oil prices may decline further.
Suggest: Sell 78.50 TP1 78.00 TP2 77.50 SL 79.00
That's the explanation of “Daily Technical Analysis: June 13, 2024 – Fed Has Not Cut Interest Rates, Dollar Rebounds.” Also, be sure to check out our other articles, such as the guide on how to buy cryptocurrency, only on GIC Journal. Don't forget to enhance your trading skills by getting the Scalping Ebook guide. Make sure to download the GIC Mobile App on the Google Play Store.
GBPUSD
GBP/USD on the 1-hour period is below the pivot area at 1.27810, attempting to move down to the first support area at 1.27010 and potentially reaching the second support area at 1.26510. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Pound Sterling has the potential to decline further.
Suggest: Sell 1.27850 TP1 1.27650 TP2 1.27400 SL 1.28050
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
1.27335 |
1.28606 |
1.27308 |
1.27977 |
1.27391 |
0.00586 |
0.46% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
1.29610 |
1.29110 |
1.28310 |
1.27810 |
1.27010 |
1.26510 |
1.25720 |
XAUUSD (LOCO LONDON GOLD)
Gold prices on the 1-hour period are below the pivot area at 2323.10, attempting to move down towards the first support area at 2304.60 and potentially reaching the second support area at 2292.10. Meanwhile, the RSI indicator is below the pivot area, indicating that gold prices have the potential to decline further.
Suggest: Sell 2320.00 TP1 2315.00 TP2 2305.00 SL 2325.00
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
2316.89 |
2341.63 |
2310.67 |
2323.20 |
2316.08 |
7.12 |
0.31% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
2366.50 |
2354.10 |
2335.50 |
2323.10 |
2304.60 |
2292.10 |
2273.60 |
CLSK (OIL)
Oil prices on the 1-hour period are below the pivot area at 78.51, with the potential to move down to the first support area at 77.73 and further towards the second support area at 77.09. Meanwhile, the RSI indicator is below the pivot area, suggesting that oil prices may decline further.
Suggest: Sell 78.50 TP1 78.00 TP2 77.50 SL 79.00
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
78.18 |
79.29 |
77.87 |
78.37 |
77.82 |
0.55 |
0.71% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
80.57 |
79.93 |
79.15 |
78.51 |
77.73 |
77.09 |
|
That's the explanation of “Daily Technical Analysis: June 13, 2024 – Fed Has Not Cut Interest Rates, Dollar Rebounds.” Also, be sure to check out our other articles, such as the guide on how to buy cryptocurrency, only on GIC Journal. Don't forget to enhance your trading skills by getting the Scalping Ebook guide. Make sure to download the GIC Mobile App on the Google Play Store.
