Here is the daily technical analysis for November 23, 2023. The data and analysis provided in this bulletin can be broadly used for your trading. However, it is important to note that GICTrade and data providers are not responsible for your trading results.
 
Below, we will provide forecasts for price movements in Forex and Commodities, including Pivot Point levels, Resistance, and Support.
 

EURUSD


EUR/USD in the 1-hour period is attempting to move higher, touching the resistance level at 1.09360 and heading toward the next resistance level at 1.09650. The upward trend is also evident from the template, where the potential percentage increase is higher than the percentage decrease. Meanwhile, the bullish bias is supported by the buy signal indicated by the blue arrow.

Suggest: Buy 1.08940 TP1 1.09360 TP2 1.09650 SL 1.08650

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.09099

1.09230

1.08525

1.08886

1.09109

-0.00223

-0.20%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.10060

1.09650

1.09360

1.08940

1.08650

1.08240

1.07950

 

GBPUSD

GBP/USD in the 1-hour period is trying to move higher, touching the resistance level at 1.25650 and heading toward the next resistance level at 1.26070. The upward trend is also visible in the template, where the potential percentage increase is higher than the percentage decrease. The bullish bias is supported by the buy signal indicated by the blue arrow.

Suggest: Buy 1.25070 TP1 1.25300 TP2 1.25650 SL 1.24700

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.25365

1.25497

1.24493

1.24941

1.25381

-0.00440

-0.35%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.26650

1.26070

1.25650

1.25070

1.24640

1.24070

1.23640

 

AUDUSD

AUD/USD in the 1-hour period is attempting to move higher, touching the resistance level at 0.65730 and heading toward the next resistance level at 0.65950. The upward trend is also evident from the template, where the potential percentage increase is higher than the percentage decrease. Meanwhile, the bullish bias is supported by the buy signal indicated by the blue arrow.

Suggest: Buy 0.65470 TP1 0.65730 TP2 0.65950 SL 0.65240

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.65556

0.65698

0.65214

0.65427

0.65559

-0.00132

-0.20%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.66210

0.65950

0.65730

0.65470

0.65240

0.64990

0.64760

 

USDCHF

USD/CHF in the 1-hour period is attempting to move lower, touching the support level at 0.88090 and heading toward the next support level at 0.87870. The downward trend is also evident from the template, where the potential percentage decrease is higher than the percentage increase. Meanwhile, the bearish bias is supported by the sell signal indicated by the purple arrow.

Suggest: Sell 0.88420 TP1 0.88200 TP2 0.88000 SL 0.88640

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.88352

0.88746

0.88199

0.88378

0.88360

0.00018

0.02%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.89190

0.88970

0.88640

0.88420

0.88090

0.87870

0.87550

 

USDJPY

USD/JPY in the 1-hour period is attempting to move lower, touching the support level at 148.920 and heading toward the next support level at 148.090. The downward trend is also evident from the template, where the potential percentage decrease is higher than the percentage increase. Meanwhile, the bearish bias is supported by the sell signal indicated by the purple arrow.
Suggest: Sell 149.400 TP1 149.100 TP2 148.800 SL 149.750

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

148.372

149.751

148.017

149.538

148.400

1.138

0.77%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

151.560

150.650

149.820

148.920

148.090

147.190

146.350
 
 
XUL (LOCO LONDON GOLD)
Gold prices in the 1-hour period are attempting to move higher, touching the resistance level at 2003.90 and heading toward the next support level at 2014.70. The upward trend is also visible from the template, where the potential percentage increase is higher than the percentage decrease. Meanwhile, the bullish bias is supported by the buy signal indicated by the blue arrow.

Suggest: Sell 2003.90 TP1 2000.00 TP2 1995.00 SL 2007.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1998.69

2006.23

1986.90

1989.77

1988.07

1.70

0.09%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2023.20

2014.70

2003.90

1995.40

1984.60

1976.10

1965.20

 

CLSK (OIL)


Oil prices in the 1-hour period are attempting to move lower and need to break through the support level at 76.16 to head toward the next support level at 74.38. For a bullish bias, oil prices need to surpass the resistance level at 78.54 to reach the next resistance level at 80.32.

Suggest: Buy 76.25 TP1 76.70 TP2 77.00 SL 75.80

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

77.74

77.94

73.78

76.76

77.81

-1.05

-1.35%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

82.70

80.32

78.54

76.16

74.38

72.00

70.22

 
This concludes the explanation of “Daily Technical Analysis: November 23, 2023 – Thanksgiving Holiday, What’s Next for the US Dollar?”. Also, read our other articles, such as guides on how to buy cryptocurrency, only at Jurnal GIC. Don’t forget to enhance your trading skills by obtaining our Scalping Ebook guide and participating in Live Trading at NFP Live Trading. Make sure to download the GIC Mobile Apps from the Google Play Store.