Technical Daily Analysis: June 12, 2023 – US Bonds Rise, Greenback Rises

The following is a technical daily analysis, June 12, 2023. 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. So, it's your own responsibility. Before knowing today's technical analysis, immediately register yourself to take part in the GIC Gebyar Prize and get the main prize, namely Mobile Mitshubshi Expander or Vacation Package to Labuan Bajo for 4 days and 3 nights. 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

Daily technical analysis for the EUR/USD pair on the 1-hour period tried to move upwards, touching the resistance level at 1.07640 and heading to the next resistance level at 1.07860. The uptrend is also seen from the FXBot template, where the EUR figure is higher by 7.4 than the USD figure of 2.7. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 1.07640 TP1 1.07860 TP2 1.08060 SL 1.07440

GBPUSD

GBP/USD in the 1-hour period tried to move upwards touching the resistance level at 1.25931 until heading towards the next resistance level at 1.26220. The upward trend is also supported by the FXBot template, where the GBP figure is higher by 4.1 than the USD figure of 2.7. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 1.25931 TP1 1.26220 TP2 1.26550 SL 1.25660

AUDUSD

AUD/USD on the 1-hour period tried to move up, touching the resistance level at 0.67580 until heading to the next resistance level at 0.67830. The upward trend can also be seen from the FXBot template, where the AUD figure is higher by 8.0 than the USD figure of 2.2. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.67580 TP1 0.67830 TP2 0.68160 SL 0.67250

USDCHF

USD/CHF on the 1-hour period tried to move down, touching the support level at 0.90110 until heading towards the next support level at 0.89840. The downward trend can also be seen from the FXBot template, where the CHF figure is higher by 6.1 than the USD figure of 2.5. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 0.90110 TP1 0.89840 TP2 0.89570 SL 0.90380

USDJPY

Daily technical analysis for the USD/JPY pair on the 1-hour period tried to move up, touching the resistance level at 139.650 to the next resistance level at 140.150. The upward trend can also be seen from the FXBot template, where the JPY figure is lower by 1.0 than the USD figure of 2.1. 

Suggest: Buy 139.650 TP1 149.150 TP2 140.570 SL 139.260

XUL (LOCO LONDON GOLD)

Gold prices in the 1-hour period tried to move up, touching the resistance area at 1963.80 until heading to the next resistance level at 1971.10. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 1963.80 TP1 1971.10 TP2 1975.00 SL 1954.80

CLSK (OIL)

Daily technical analysis for oil prices on the 1-hour period moved further down, trying to break through the support area at 68.69 to the next support level at 68.06. Meanwhile, to change the bias to be bullish, oil prices need to pass the resistance level at 70.00 to reach the next resistance level at 70.73.

Suggest: Sell 68.69 TP1 68.06 TP2 67.70 SL 69.08