Here is the daily technical analysis for November 28, 2023. The data and analysis in this bulletin can be widely applied to your trading. However, please note that GICTrade and data providers are not responsible for your trading outcomes.
 
Below, we provide a forecast of price movements in Forex and Commodities, complete with Pivot points, Resistance, and Support level calculations.
 
EURUSD

EUR/USD on the 1-hour period is attempting to move downward, touching the support level at 1.09310 and heading to the next support at 1.09110. The downward trend is also visible from the template, where the percentage potential for decline is higher than the percentage increase. The bearish bias is supported by a sell signal shown with a purple arrow.

Suggest: Buy 1.09400 TP1 1.09650 TP2 1.09790 SL 1.09200

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.09435

1.09592

1.09251

1.09539

1.09382

0.00157

0.14%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.09990

1.09790

1.09650

1.09450

1.09310

1.09110

1.08970

 

GBPUSD


GBP/USD on the 1-hour period is attempting to move downward, touching the support level at 1.26150 and heading to the next support at 1.25860. The downward trend is also visible from the template, showing a higher potential percentage for decline than for increase. The bearish bias is supported by a sell signal shown with a purple arrow.

Suggest: Buy 1.26000 TP1 1.26390 TP2 1.26680 SL 1.25750

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.25971

1.26441

1.25911

1.26273

1.26091

0.00182

0.14%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.26920

1.26680

1.26390

1.26150

1.25860

1.25620

1.25330

 

AUDUSD

AUD/USD on the 1-hour period is attempting to move upward, touching the resistance level at 0.66150 and moving toward the next resistance at 0.66380. The upward trend is visible from the template, showing a higher potential percentage for an increase than for a decline. The bullish bias is supported by a buy signal shown with a blue arrow.

Suggest: Buy 0.65910 TP1 0.66150 TP2 0.66380 SL 0.65700

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.65751

0.66141

0.65669

0.66066

0.65877

0.00189

0.29%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.66620

0.66380

0.66150

0.65910

0.65680

0.65440

0.65210

 

USDCHF


USD/CHF on the 1-hour period is attempting to move upward, touching the resistance level at 0.88100 and moving toward the next resistance at 0.88440. The upward trend is visible from the template, showing a higher potential percentage for an increase. The bullish bias is supported by a buy signal shown with a blue arrow.

Suggest: Sell 0.88260 TP1 0.88100 TP2 0.87920 SL 0.88440

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.88136

0.88280

0.87936

0.88029

0.88245

-0.00216

-0.24%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.88610

0.88440

0.88260

0.88100

0.87920

0.87760

0.87580

 

USDJPY

USD/JPY on the 1-hour period is attempting to move upward, touching the resistance level at 148.550 and moving toward the next resistance at 149.110. The upward trend is visible from the template, showing a higher potential percentage for an increase. The bullish bias is supported by a buy signal shown with a blue arrow.

Suggest: Sell 148.550 TP1 148.300 TP2 148.110 SL 148.800

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

149.392

149.674

148.674

148.681

149.471

-0.790

-0.53%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

150.550

150.110

149.550

149.110

148.550

148.110

147.550

 

XUL (LOCO LONDON GOLD)


Gold price on the 1-hour period is attempting to move upward, touching the resistance level at 2017.20 and moving toward the next resistance at 2026.50. The upward trend is visible from the template, showing a higher potential percentage for an increase. The bullish bias is supported by a buy signal shown with a blue arrow.

Suggest: Buy 2008.90 TP1 2013.50 TP2 2017.20 SL 2005.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

2002.39

2018.18

2000.63

2014.44

2002.37

12.07

0.60%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2034.70

2026.50

2017.20

2008.90

1999.60

1991.40

1982.10

 

CLSK (OIL)


Oil price on the 1-hour period is attempting to move upward, needing to pass the resistance level at 75.07 and moving toward the next resistance at 76.10. For a bearish bias, oil prices need to pass the support level at 73.95 and move toward the next support at 72.92.

Suggest: Buy 75.07 TP1 75.50 TP2 76.10 SL 74.50

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

75.29

76.19

74.04

74.97

75.38

-0.41

-0.54%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

78.25

77.22

76.10

75.07

73.95

72.92

71.80

 
 
That's the explanation of the "Daily Technical Analysis: November 28, 2023 – USD in Worst Week." Check out our other articles, such as the explanation on how to buy cryptocurrency, only on Jurnal GIC. Don't forget to improve your trading skills by getting the Scalping Ebook guide and joining the Live Trading in NFP Live Trading. Make sure to download the GIC Mobile App on Google Play Store.