Here is the daily technical analysis for September 19, 2023. The data and analysis in this bulletin can be widely applied to your trading. However, please note that GICTrade and the data providers are not responsible for the results of your trades. The responsibility rests solely with you.
 
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Below, we provide forecasts for price movements in Forex and Commodity markets, including calculations of Pivot levels, Resistance, and Support.

 

EURUSD

EUR/USD on a 1-hour timeframe is attempting a decline, testing support at 1.06730 and potentially reaching the next support level at 1.06490. The downtrend is also visible from the FXBot template, showing EUR at 2.0 compared to USD at 5.1. The bearish bias is supported by a sell signal, indicated by a red arrow.

Suggest: Sell 1.06730 TP1 1.06490 TP2 1.06290 SL 1.06930

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.06539

1.06968

1.06529

1.06903

1.06583

0.00320

0.30%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.07370

1.07170

1.06930

1.06730

1.06490

1.06290

1.06050

 

GBPUSD

GBP/USD on a 1-hour timeframe is attempting a decline, testing support at 1.23580 and potentially reaching the next support level at 1.23180. The downtrend is evident from the FXBot template, showing GBP at 3.4 compared to USD at 5.1. The bearish bias is confirmed by a sell signal, indicated by a red arrow.

Suggest: Sell 1.23580 TP1 1.23430 TP2 1.23180 SL 1.23830

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.23721

1.24085

1.23685

1.23832

1.23806

0.00026

0.02%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.24380

1.24230

1.23980

1.23830

1.23580

1.23430

1.23180

 

AUDUSD

AUD/USD on a 1-hour timeframe is attempting a decline, touching support at 0.64320, moving towards the next support at 0.64000. The FXBot template shows AUD at 4.1 compared to USD at 5.0, supporting the downtrend. The bearish bias is confirmed by a sell signal, indicated by a red arrow.

Suggest: Sell 0.64320 TP1 0.64170 TP2 0.64000 SL 0.64490

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.64312

0.64469

0.64147

0.64347

0.64285

0.00062

0.09%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.64820

0.64640

0.64490

0.64320

0.64170

0.64000

0.63850

 

USDCHF

USD/CHF on a 1-hour timeframe is trying to rise, testing resistance at 0.89740 and potentially moving to the next resistance at 0.90090. The uptrend is supported by the FXBot template, showing CHF at 3.5 compared to USD at 5.3, with a bullish bias confirmed by a buy signal, indicated by a green arrow.

Suggest: Buy 0.89740 TP1 0.89950 TP2 0.90090 SL 0.89600

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.89458

0.89805

0.89458

0.89680

0.89719

-0.00039

-0.04%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.90090

0.89950

0.89740

0.89600

0.89400

0.89250

0.89050

 

USDJPY

 USD/JPY on a 1-hour timeframe is trying to rise, reaching resistance at 147.780 and potentially moving to the next resistance at 148.100. The FXBot template shows JPY at 0.5 compared to USD at 4.7, supporting the uptrend. The bullish bias is confirmed by a buy signal, indicated by a green arrow.

Suggest: Buy 147.780 TP1 147.980 TP2 148.100 SL 147.600

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

147.669

147.860

147.540

147.585

147.828

-0.243

-0.16%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

148.100

147.980

147.780

147.660

147.460

147.340

147.140

 

XUL (LOCO LONDON GOLD)


Gold on a 1-hour timeframe is attempting a decline, reaching support at 1928.40 and potentially moving to the next support at 1922.50. The bearish bias is confirmed by a sell signal, indicated by a red arrow.

Suggest: Sell 1932.00 TP1 1928.40 TP2 1922.90 SL 1935.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1923.73

1933.86

1922.43

1933.70

1923.09

10.61

0.55%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1945.80

1939.80

1934.40

1928.40

1922.90

1917.00

1911.50

 

CLSK (OIL)

Oil on a 1-hour timeframe is attempting to rise, needing to surpass resistance at 91.73 to reach the next resistance at 92.74. To switch to a bearish bias, oil must break below support at 90.70, reaching the next support at 90.14.

Suggest: Sell 92.15 TP1 91.70 TP2 91.50 SL 92.60

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

91.18

92.31

90.72

92.15

91.12

1.03

1.13%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

94.33

93.32

92.74

91.73

91.15

90.14

89.56

 
That concludes the explanation of "Daily Technical Analysis: September 19, 2023 – US Dollar Movement Stable." Check out our other articles, like the guide on how to buy cryptocurrency, only on Jurnal GIC. Remember to hone your trading skills by getting the Scalping Ebook and joining NFP Live Trading sessions. Be sure to download the GIC Mobile App on Google Play Store.