Daily Technical Analysis: September 26, 2023 – US Dollar Resurgenc

This is the daily technical analysis for September 26, 2023. The data and analysis in this bulletin can be widely used for your trading. However, it is important to note that GICTrade and the data providers are not responsible for the results of your trading.

Thus, it is your own responsibility. Before checking today's technical analysis, register immediately to join GIC Big Deals, which offers exclusive benefits and various exciting prizes. This event is only available for a limited time, from July 10 to December 31, 2023.

Below, we will provide you with the price movement forecast for Forex and Commodities, complete with Pivot point calculations, Resistance, and Support levels.


EURUSD



The EUR/USD pair on the 1-hour period is attempting to move down, touching the support level at 1.05790 again and potentially heading to the next support level at 1.05360. The downtrend is also visible in the FXBot template, where the EUR figure is lower at 4.0 compared to the USD figure of 6.0. Meanwhile, the bearish bias is supported by a sell signal indicated by a green arrow.

Suggest: Sell 1.05790 TP1 1.05500 TP2 1.05360 SL 1.06160

GBPUSD

The GBP/USD pair on the 1-hour period is attempting to move down, touching the support level at 1.21980 again and potentially heading to the next support level at 1.21670. The downtrend is also reflected in the FXBot template, where the GBP figure is lower at 5.2 compared to the USD figure of 6.0. Meanwhile, the bearish bias is further supported by a sell signal indicated by a red arrow.

Suggest: Sell 1.21900 TP1 1.21700 TP2 1.21500 SL 1.22200

AUDUSD



The AUD/USD pair on the 1-hour period is attempting to move down, touching the support level at 0.64080 and potentially heading to the next support level at 0.63840. The downtrend is also supported by the FXBot template, where the AUD figure is lower at 3.5 compared to the USD figure of 6.2. Meanwhile, the bearish bias is further confirmed by a sell signal indicated by a red arrow.

Suggest: Sell 0.64080 TP1 0.63840 TP2 0.63650 SL 0.64260

USDCHF



The USD/CHF pair on the 1-hour period is attempting to move up, touching the resistance level at 0.91270 again and potentially heading to the next resistance level at 0.91740. The uptrend is also reflected in the FXBot template, where the CHF figure is lower at 5.0 compared to the USD figure of 6.1. Meanwhile, the bullish bias is supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.91270 TP1 0.91500 TP2 0.91740 SL 0.91000

USDJPY

The USD/JPY pair on the 1-hour period is attempting to move up, touching the resistance level at 148.910 again and potentially heading to the next resistance level at 149.310. The uptrend is also supported by the FXBot template, where the JPY figure is lower at 3.3 compared to the USD figure of 6.1. Meanwhile, the bullish bias is further supported by a buy signal indicated by a green arrow.

Suggest: Buy 148.910 TP1 149.150 TP2 149.310 SL 148.650

XUL (LOCO LONDON GOLD)



The price of gold on the 1-hour period is attempting to move down, touching the support level at 1913.80 and potentially heading to the next support level at 1908.40. Meanwhile, the bearish bias is further supported by a sell signal indicated by a red arrow.

Suggest: Buy 1907.00 TP1 1910.00 TP2 1913.00 SL 1902.00

CLSK (OIL)

The price of oil on the 1-hour period is attempting to move up, needing to break through the resistance level at 89.91 to potentially reach the next resistance level at 90.80. For a bearish bias, oil prices would need to drop below the support level at 89.01 to target the next support level at 88.12.

Suggest: Buy 88.50 TP1 89.00 TP2 89.50 SL 88.10