Here is the technical daily analysis for October 3, 2023. The data and analysis in this bulletin can be broadly used for your trading. However, please note that GICTrade and data providers are not responsible for your trading outcomes. This is your own responsibility.
 
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Below, we provide forecasts for price movements in Forex and Commodities, including Pivot Points, Resistance, and Support levels.

 

EURUSD

The EUR/USD is showing a downward movement in the 1-hour period, touching support at 1.04120 and heading to the next support level at 1.03480. The bearish trend is confirmed by the FXBot template, where the EUR index is 2.0, lower than the USD's 7.5. The bearish bias is supported by a sell signal indicated by a red arrow.

Suggest: Buy 1.04400 TP1 1.04620 TP2 1.05000 SL 1.04120

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.05625

1.05899

1.04757

1.04757

1.05720

-0.00963

-0.91%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.06910

1.06400

1.05760

1.05260

1.04620

1.04120

1.03480

 

GBPUSD

The GBP/USD is also moving downward in the 1-hour period, touching support at 1.20070 and heading to the next support level at 1.19300. The bearish trend is supported by the FXBot template, where the GBP index is 4.7, lower than the USD's 7.0. The bearish bias is confirmed by a sell signal shown by a red arrow.

Suggest: Buy 1.20350 TP1 1.20640 TP2 1.21000 SL 1.20070

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.21780

1.22181

1.20845

1.20849

1.22017

-0.01168

-0.96%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.23310

1.22750

1.21980

1.21410

1.20640

1.20070

1.19300

 

AUDUSD

The AUD/USD is showing further downward movement in the 1-hour period, touching support at 0.63130 and heading to the next support level at 0.62660. This bearish trend is supported by the FXBot template, with the AUD index at 2.0, lower than the USD's 7.5. A sell signal is also indicated by a red arrow.

Suggest: Buy 0.63100 TP1 0.63490 TP2 0.63800 SL 0.62800

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.64192

0.64431

0.63604

0.63614

0.64315

-0.00701

-1.09%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.65140

0.64790

0.64320

0.63960

0.63490

0.63130

0.62660

 

USDCHF

USD/CHF is attempting an upward move in the 1-hour period, touching resistance at 0.92000 and heading to the next resistance at 0.92380. The uptrend is supported by the FXBot template, where the CHF index is 5.3, lower than the USD's 7.7. A buy signal is indicated by a green arrow.

Suggest: Sell 0.92000 TP1 0.91800 TP2 0.91540 SL 0.92380

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.91346

0.91926

0.91084

0.91804

0.91492

0.00312

0.34%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.92840

0.92380

0.92000

0.91540

0.91150

0.90700

0.90310

 

USDJPY

USD/JPY is moving upwards in the 1-hour period, touching resistance at 150.150 and heading to the next resistance at 150.450. The bullish trend is supported by the FXBot template, with the JPY index at 7.3, lower than the USD's 8.2. A buy signal is indicated by a green arrow.

Suggest: Sell 149.960 TP1 149.670 TP2 149.480 SL 150.250

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

149.602

149.859

149.376

149.844

149.387

0.457

0.31%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

150.450

150.150

149.960

149.670

149.480

149.190

149.000

 

XUL (LOCO LONDON GOLD)

Gold is showing a downward movement in the 1-hour period, touching support at 1804.70 and heading to the next support level at 1795.00. To switch the bias to bullish, gold needs to break through resistance at 1826.70 and move towards the next resistance at 1837.90.

Suggest: Buy 1815.00 TP1 1820.00 TP2 1825.00 SL 1810.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1847.58

1849.08

1827.02

1827.79

1848.64

-20.85

-1.13%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1870.80

1860.00

1848.80

1837.90

1826.70

1815.80

1804.70

 

CLSK (OIL)

Oil is trending downward in the 1-hour period, needing to breach support at 87.51 to move to the next support level at 86.27. To switch to a bullish bias, oil must break resistance at 89.68, moving towards the next resistance at 90.92.

Suggest: Buy 87.50 TP1 88.00 TP2 88.50 SL 87.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

90.80

91.85

88.44

88.74

90.89

-2.15

-2.37%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

94.33

93.09

90.92

89.68

87.51

86.27

84.10

 
 
That's the explanation for "Technical Daily Analysis: October 3, 2023 – USD Set for Correction." Also, read our other articles, such as the explanation of how to buy cryptocurrency, only on Jurnal GIC. Don’t forget to hone your trading skills with the Ebook Scalping guide and participate in NFP Live Trading. Make sure to download the GIC Mobile Apps on Google Play Store.