The following is a daily technical analysis, January 25, 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 1.09090 until the next resistance level at 1.09660. 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 1.08750 TP1 1.09090 TP2 1.09300 SL 1.08500

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.08414

1.09324

1.08414

1.08846

1.08536

0.00310

0.29%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.10000

1.09660

1.09090

1.08750

1.08180

1.07840

1.07270

 

GBPUSD

teknikal sterling

GBP/USD on the 1-hour period tried to move up, touching the resistance level at 1.27500 until the next resistance level at 1.28150. 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 1.27100 TP1 1.27500 TP2 1.27800 SL 1.26800

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.26701

1.27750

1.26701

1.27244

1.26864

0.00380

0.30%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.28550

1.28150

1.27500

1.27100

1.26450

1.26050

1.25400

 

AUDUSD

teknikal aussie

AUD/USD on the 1-hour period tried to move up, touching the resistance level at 0.65850 again to the next resistance level at 0.66040. 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: Buy 0.65650 TP1 0.65850 TP2 0.66040 SL 0.65400

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.65755

0.66212

0.65660

0.65769

0.65795

-0.00026

-0.04%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.66590

0.66400

0.66040

0.65850

0.65490

0.65300

0.64940

 

USDCHF

teknikal franc

USD/CHF on the 1-hour period tried to move down, touching the support level at 0.86140 until heading to the next support level at 0.85630. 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: Sell 0.86500 TP1 0.86140 TP2 0.85900 SL 0.86800

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.86952

0.87021

0.86067

0.86277

0.87024

-0.00747

-0.86%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.88050

0.87530

0.87090

0.86580

0.86140

0.85630

0.85190

 

USDJPY

teknikal yen

USD/JPY in the 1-hour period tried to move down, touching the support level at 147,030 until heading to the next support level at 145,980. 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 bearish bias is also supported by a sell signal indicated by a purple arrow.

Suggest: Sell 148.000 TP1 147.600 TP2 147.300 SL 148.400

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

148.274

148.386

146.652

147.513

148.371

-0.858

-0.58%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

150.500

149.440

148.770

147.710

147.030

145.980

145.300

 

XUL (LOCO LONDON GOLD)

teknikal gold

Gold prices in the 1-hour period tried to move up, touching the resistance level at 2022.30 to the next resistance level at 2033.40. 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: Buy 2005.00 TP1 2010.00 TP2 2020.00 SL 2000.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

2029.09

2036.65

2011.21

2012.41

2028.45

-16.04

-0.79%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2058.80

2047.70

2033.40

2022.30

2008.00

1996.90

1982.50

 

CLSK (OIL)

teknikal oil

Oil prices in the 1-hour period are trying to move up, needing to cross the resistance level at 76.09 to reach the next resistance level at 76.88. Meanwhile, for a bearish bias, oil prices need to pass the support level at 75.02 to reach the next support level at 74.23.

Suggest: Buy 75.50 TP1 76.00 TP2 76.50 SL 75.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

74.53

75.81

73.95

75.31

74.49

0.82

1.10%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

77.95

76.88

76.09

75.02

74.23

73.16

72.37

 

Well, that's the explanation of "Technical Daily Analysis: January 25, 2024 – US Industrial PMI Rises, Dollar Soars". 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.