Technical Daily Analysis: June 26, 2023 – US Dollar On An Upward Path

The following is a technical daily analysis, June 26, 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

EUR/USD on the 1-hour period tried to move up, touching the resistance level at 1.09120 to the next resistance level at 1.09800. The upward trend can also be seen from the FXBot template, where the EUR figure is higher by 3.1 than the USD figure of 1.5. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 1.09120 TP1 1.109500 TP2 1.09800 SL 1.08800

GBPUSD

Daily technical analysis for the GBP/USD pair on the 1-hour period is trying to move upwards touching the resistance level at 1.27640 to the next resistance level at 1.27880. The upward trend can also be seen from the FXBot template, where the GBP figure is higher by 4.8 than the USD figure of 1.5. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 1.27400 TP1 1.27640 TP2 1.27880 SL 1.27000

AUDUSD

AUD/USD on the 1-hour period tried to move up, touching the resistance level at 0.67160 until heading towards the next resistance level at 0.67700. The upward trend can also be seen from the FXBot template, where the AUD figure is higher by 5.8 than the USD figure of 2.0. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.67160 TP1 0.67400 TP2 0.67700 SL 0.66800

USDCHF

Daily technical analysis for the USD/CHF pair on the 1-hour period tried to move up, touching the resistance level at 0.89670 to the next resistance level at 0.89940. However, the upward trend has not yet been seen from the FXBot template, where the CHF figure is higher by 2.8 than the USD figure of 1.5. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.89670 TP1 0.89940 TP2 0.90390 SL 0.89400

USDJPY

USD/JPY on the 1-hour period moved further up, trying to touch the resistance level at 144,000 again until the next resistance level at 144,540. However, the upward trend has not been seen from the FXBot template, where the JPY figure is higher by 4.5 than the USD figure of 1.7. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 143.800 TP1 144.000 TP2 144.540 SL 143.400

XUL (LOCO LONDON GOLD)

Daily technical analysis for gold prices on the 1-hour period tried to move down, touching the support area at 1921.70 until heading towards the next support level at 1902.80. While the bearish bias is also supported by a sell signal indicated by a green arrow.

Suggest: Sell 1922.00 TP1 1917.00 TP2 1910.00 SL 1929.80

CLSK (OIL)

Oil prices in the 1-hour period moved down further, needing to pass the support level at 68.77 to reach the next support level at 67.96. Meanwhile, to change the bias to bullish, the oil price needs to cross the resistance level at 69.56 again to the next resistance level at 70.20.

Suggest: Sell 68.80 TP1 68.30 TP2 67.90 SL 69.30