Technical Daily Analysis: March 14, 2023 – US Dollar Tries to Rebound

The following is a technical daily analysis, March 14, 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 is trying to move downwards touching the 1.06937 support area towards the next support level at 1.06560 to turn its bias bearish. As for further bulls, EUR/USD needs to break through the resistance area at 1.07368 towards the next resistance level at 1.08000.

Suggest : Sell 1.06937 TP1 1.06560 TP2 1.06040 SL 1.07368

GBPUSD

GBP/USD on the 1-hour period tried to move down, touching the 1.21112 support area towards the next support level at 1.20700 to turn its bias bearish. As for further bulls, GBP/USD needs to break through the resistance area at 1.21977 towards the next resistance level at 1.22770.

Suggest : Sell 1.21112 TP1 1.20700 TP2 1.20490 SL 1.21977

AUDUSD

AUD/USD on the 1-hour period tried to move down, touching the 0.66107 support area towards the next support level at 0.65800 to change its bias to bearish. As for further bullishness, AUD/USD needs to break through the resistance area at 0.66776 towards the next resistance level at 0.66990.

Suggest : Sell 0.66107 TP1 0.665800 TP2 0.65290 SL 0.66480

 USDCHF

Daily Technical Analysis for the USD/CHF pair on the 1-hour period tried to rebound to the resistance area of 0.91752 towards the next resistance level at 0.92180 to turn its bias to bullish. As for further bearishness, USD/CHF needs to break through the support area at 0.90913 towards the next support level at 0.90130.

Suggest : Buy 0.91752 TP1 0.92180 TP2 0.92500 SL 0.91440

USDJPY

USD/JPY on the 1-hour period tried to rebound to touch the resistance area of 134.086 towards the next resistance level at 135.260 to turn its bias to bullish. As for further bearishness, USD/JPY needs to break through the support area at 133,017 towards the next support level at 132,500.

Suggest : Buy 134.086 TP1 134.500 TP2 135.260 SL 133.770

XUL (LOCO LONDON GOLD)

Gold prices in the 1-hour period tried to move down, touching the 1893.96 support area towards the next support level at 1874.90 to change its bias to bearish. Meanwhile, for further bullishness, gold needs to break through the resistance area at 1914.77 towards the next resistance level at 1918.00.

Suggest : Sell 1897.00 – 1894.00 TP1 1885.00 TP2 1875.00 SL 1915.00

CLSK (OIL)

Daily Technical Analysis for Oil Prices in the 1-hour period fell further testing the 72.30 support area towards the next support level at 71.00. Meanwhile, to turn the bias into bullish, oil prices need to cross the resistance level of 74.76 to the next resistance level at 76.00.

Suggest : Buy 74.76 TP1 75.50 TP2 76.00 SL 74.00

So, that's the explanation of "Technical Daily Analysis: March 14, 2023 – US Dollar Tries to Rebound". 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.