Here is the technical daily analysis for November 24, 2023. The data and analysis in this bulletin can be used broadly for your trading. However, it should be noted that GICTrade and the data providers are not responsible for your trading results.

We will provide forecasts for price movements in Forex and Commodities, along with calculations for Pivot Points, Resistance, and Support levels.

EURUSD



EUR/USD in the 1-hour period is attempting to move upward, touching the resistance level at 1.09200 and heading toward the next resistance level at 1.09500. The upward trend is also reflected in the template, where the potential percentage increase is higher than the percentage decrease. Meanwhile, the bullish bias is supported by a buy signal indicated by the blue arrow.

Suggest: Buy 1.09010 TP1 1.09200 TP2 1.09500 SL 1.08720

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.08884

1.09305

1.08818

1.09045

1.08886

0.00159

0.15%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.09690

1.09500

1.09200

1.09010

1.08720

1.08520

1.08230

 

GBPUSD



GBP/USD in the 1-hour period is attempting to move upward, touching the resistance level at 1.25980 and heading toward the next resistance level at 1.26330. The upward trend is also reflected in the template, where the potential percentage increase is higher than the percentage decrease. Meanwhile, the bullish bias is supported by a buy signal indicated by the blue arrow.

Suggest: Buy 1.25200 TP1 1.25530 TP2 1.25980 SL 1.24900

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.24913

1.25630

1.24830

1.25332

1.24941

0.00391

0.31%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.26330

1.25980

1.25530

1.25180

1.24730

1.24380

1.23930

 

 

AUDUSD



AUD/USD in the 1-hour period is attempting to move upward, reaching the resistance level at 0.65710 and moving toward the next resistance level at 0.65950. The upward trend is also reflected in the template, where the potential percentage increase is higher than the percentage decrease. Meanwhile, the bullish bias is supported by a buy signal indicated by the blue arrow.

Suggest: Buy 0.65510 TP1 0.65710 TP2 0.65950 SL 0.65270

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.65387

0.65748

0.65310

0.65575

0.65427

0.00148

0.23%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.66150

0.65950

0.65710

0.65510

0.65270

0.65070

0.64830

 

 

USDCHF



USD/CHF in the 1-hour period is attempting to move downward, reaching the support level at 0.88360 and heading toward the next support level at 0.88230. The downward trend is also evident in the template, where the potential percentage decrease is higher than the percentage increase. Meanwhile, the bearish bias is supported by a sell signal indicated by the purple arrow.

Suggest: Sell 0.88550 TP1 0.88360 TP2 0.88230 SL 0.88690

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.88368

0.88494

0.88169

0.88417

0.88378

0.00039

0.04%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.88880

0.88690

0.88550

0.88360

0.88230

0.88040

0.87900

 

USDJPY



USD/JPY in the 1-hour period is attempting to move upward, reaching the resistance level at 149.950 and heading toward the next resistance level at 150.220. The upward trend is also evident in the template, where the potential percentage increase is higher than the percentage decrease. Meanwhile, the bullish bias is supported by a buy signal indicated by the blue arrow.

Suggest: Sell 149.950 TP1 149.420 TP2 149.150 SL 150.220

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

149.515

149.690

148.888

149.572

149.538

0.034

0.02%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

150.750

150.220

149.950

149.420

149.150

148.620

148.350

 

 

XUL (LOCO LONDON GOLD)



The price of gold in the 1-hour period is attempting to move upward, reaching the resistance level at 1995.50 and heading toward the next resistance level at 2001.70. The upward trend is also evident in the template, where the potential percentage increase is higher than the percentage decrease. Meanwhile, the bullish bias is supported by a buy signal indicated by the blue arrow.

Suggest: Buy 1995.50 TP1 1998.00 TP2 2001.70 SL 1992.30

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1989.35

1998.50

1989.11

1992.15

1989.77

2.38

0.12%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2004.90

2001.70

1995.50

1992.30

1986.10

1982.90

1976.70

 

 

CLSK (OIL)



The price of oil in the 1-hour period is attempting to move upward, needing to break through the resistance level at 76.92 before reaching the next resistance level at 77.61. Meanwhile, for a bearish bias, the price of oil must break through the support level at 76.10 to reach the next support level at 75.41.

Suggest: Buy 76.50 TP1 76.92 TP2 77.30 SL 76.10

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

76.76

76.79

75.28

76.24

76.76

-0.52

-0.68%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

78.43

77.61

76.92

76.10

75.41

74.59

73.90


So, that's the explanation about "Daily Technical Analysis: November 24, 2023 – The US Dollar Corrects Further." Also, check out our other articles, such as how to buy cryptocurrency, only at GIC Journal. Don't forget to sharpen your trading skills by getting the Scalping Ebook guide and joining the Live Trading at NFP Live Trading. Make sure to download the GIC Mobile App on the Google Play Store.