Technical Daily Analysis: June 13, 2023 – Dollar Potential to Rise, Why?

The following is a technical daily analysis, June 13, 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 1.07800 and heading to the next resistance level at 1.08360. The upward trend can also be seen from the FXBot template, where the EUR figure is higher by 6.4 than the USD figure which is 0.5. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Sell 1.08000 TP1 1.07800 TP2 1.07560 SL 1.09360

GBPUSD

GBP/USD on the 1-hour period tried to move upwards touching the resistance level at 1.25390 until heading towards the next resistance level at 1.25920. The upward trend is also supported by the FXBot template, where the GBP figure is higher by 4.8 than the USD figure of 0.4. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 1.25390 TP1 1.25650 TP2 1.25920 SL 1.25000

AUDUSD

AUD/USD on the 1-hour period tried to move up, touching the resistance level at 0.67620 until the next resistance level at 0.68060. The upward trend can also be seen from the FXBot template, where the AUD figure is higher by 8.1 than the USD figure of 0.2. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Sell 0.67890 TP1 0.67620 TP2 0.67450 SL 0.68060

USDCHF

Daily technical analysis for the USD/CHF pair on the 1-hour period tried to move down, touching the support level at 0.90560 to the next support level at 0.90040. The downward trend can also be seen from the FXBot template, where the CHF figure is higher by 4.5 than the USD figure of 0.2. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 0.90560 TP1 0.90300 TP2 0.90040 SL 0.90800

USDJPY

USD/JPY in the 1-hour period tried to move down, touching the support level at 139,420 until heading to the next support level at 139,080. The downward trend can also be seen from the FXBot template, where the JPY figure is higher by 1.6 than the USD figure of 0.2. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 139.420 TP1 139.080 TP2 138.720 SL 139.780

XUL (LOCO LONDON GOLD)

Gold prices in the 1-hour period tried to move up, touching the resistance area at 1964.30 until heading to the next resistance level at 1967.10. However, the bias still looks bearish, which can be seen from the sell signal indicated by the red arrow..

Suggest: Sell 1967.10 TP1 1962.00 TP2 1958.10 SL 1972.00

CLSK (OIL)

Daily technical analysis for oil prices in the 1-hour period is trying to move up, it is necessary to break through the resistance area at 67.87 to reach the next resistance level at 69.41. Meanwhile, to continue the bearish bias, oil prices need to pass the support level at 66.78 to reach the next support level at 65.91.

Suggest: Buy 67.87 TP1 68.50 TP2 69.00 SL 67.30