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Here is the daily technical analysis, June 7, 2024. The data and analysis in this bulletin can be widely used 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 price movement forecasts in Forex and Commodities, complete with calculations of Pivot points, Resistance, and Support levels.
EURUSD
EUR/USD in the 1-hour period is above the pivot area at 1.08800, attempting to move up to the first resistance area at 1.08980 and then towards the second resistance at 1.09200. Meanwhile, the RSI indicator is above the pivot area, indicating that the euro has the potential to move up further.
Suggest: Buy 1.08800 TP1 1.08980 TP2 1.09200 SL 1.08600
XAUUSD (LOCO LONDON GOLD)
Gold prices in the 4-hour period are above the first resistance area at 2377.0, attempting to move up towards the second resistance area at 2390.40 and then towards the third resistance area at 2402.40. Meanwhile, the RSI indicator is above the pivot area, indicating that gold prices have the potential to rise further.
Suggest: Buy 2365.00 TP1 2375.00 TP2 2390.00 SL 2355.00
CLSK (OIL)
Oil prices in the 1-hour period are above the pivot area at 75.11, potentially moving up to the first resistance area at 76.17 and then towards the second resistance area at 76.82. Meanwhile, the RSI indicator is above the pivot area, suggesting that oil prices have the potential to rise further.
Suggest: Buy 75.00 TP1 75.50 TP2 76.00 SL 74.50
Here’s the explanation about “Daily Technical Analysis: June 7, 2024 – NFP Data Drops, Dollar May Plummet.” Also, check out our other articles, such as explanations on how to buy cryptocurrency, only at Jurnal GIC. Don’t forget to hone your trading skills by getting the Ebook Scalping guidebook. Make sure to download the GIC Mobile App from the Google Play Store.
EURUSD
EUR/USD in the 1-hour period is above the pivot area at 1.08800, attempting to move up to the first resistance area at 1.08980 and then towards the second resistance at 1.09200. Meanwhile, the RSI indicator is above the pivot area, indicating that the euro has the potential to move up further.
Suggest: Buy 1.08800 TP1 1.08980 TP2 1.09200 SL 1.08600
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
1.08682 |
1.09020 |
1.08620 |
1.08893 |
1.08691 |
0.00202 |
0.19% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
1.09380 |
1.09200 |
1.08980 |
1.08800 |
1.08580 |
1.08400 |
1.08180 |
XAUUSD (LOCO LONDON GOLD)
Gold prices in the 4-hour period are above the first resistance area at 2377.0, attempting to move up towards the second resistance area at 2390.40 and then towards the third resistance area at 2402.40. Meanwhile, the RSI indicator is above the pivot area, indicating that gold prices have the potential to rise further.
Suggest: Buy 2365.00 TP1 2375.00 TP2 2390.00 SL 2355.00
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
2356.50 |
2378.49 |
2353.47 |
2373.19 |
2353.28 |
19.91 |
0.85% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
2402.40 |
2390.40 |
2377.30 |
2365.40 |
2352.30 |
2340.40 |
2327.30 |
CLSK (OIL)
Oil prices in the 1-hour period are above the pivot area at 75.11, potentially moving up to the first resistance area at 76.17 and then towards the second resistance area at 76.82. Meanwhile, the RSI indicator is above the pivot area, suggesting that oil prices have the potential to rise further.
Suggest: Buy 75.00 TP1 75.50 TP2 76.00 SL 74.50
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
74.27 |
75.76 |
74.05 |
75.51 |
74.14 |
1.37 |
1.85% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
77.88 |
76.82 |
76.17 |
75.11 |
74.46 |
73.40 |
|
Here’s the explanation about “Daily Technical Analysis: June 7, 2024 – NFP Data Drops, Dollar May Plummet.” Also, check out our other articles, such as explanations on how to buy cryptocurrency, only at Jurnal GIC. Don’t forget to hone your trading skills by getting the Ebook Scalping guidebook. Make sure to download the GIC Mobile App from the Google Play Store.
