Here is the daily technical analysis for November 27, 2023. The data and analysis in this bulletin can be used broadly for your trading. However, it is important to note that GICTrade and the data provider are not responsible for your trading outcomes.

We will provide forecasts for price movements in Forex and Commodities, along with calculations of pivot points, resistance, and support levels.


EURUSD



EUR/USD on the 1-hour timeframe is attempting to move higher, reaching the resistance level at 1.09740 and heading towards the next resistance level at 1.09990. An upward trend is also evident from the template, where the potential percentage increase is greater than the percentage decrease. Meanwhile, the bullish bias is supported by the buy signal indicated by the blue arrow.

Suggest: Buy 1.09450 TP1 1.09720 TP2 1.09990 SL 1.09200

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.08997

1.09488

1.08951

1.09382

1.09045

0.00337

0.31%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.09990

1.09740

1.09450

1.09200

1.08910

1.08660

1.08380

 

GBPUSD



GBP/USD on the 1-hour timeframe is attempting to move higher, reaching the resistance level at 1.26610 and heading towards the next resistance level at 1.27070. An upward trend is also evident from the template, where the potential percentage increase is greater than the percentage decrease. Meanwhile, the bullish bias is supported by the buy signal indicated by the blue arrow.

Suggest: Buy 1.26100 TP1 1.26350 TP2 1.26610 SL 1.25900

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.25309

1.26154

1.25244

1.26091

1.25332

0.00759

0.61%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.27070

1.26610

1.26160

1.25700

1.25250

1.24790

1.24340

 

AUDUSD



AUD/USD on the 1-hour timeframe is attempting to move higher, reaching the resistance level at 0.66120 and heading towards the next resistance level at 0.66340. An upward trend is also evident from the template, where the potential percentage increase is greater than the percentage decrease. Meanwhile, the bullish bias is supported by the buy signal indicated by the blue arrow.

Suggest: Buy 0.65910 TP1 0.66120 TP2 0.66340 SL 0.65700

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.65544

0.65911

0.65487

0.65877

0.65575

0.00302

0.46%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.66340

0.66120

0.65910

0.65700

0.65490

0.65280

0.65070

 

 

USDCHF



USD/CHF on the 1-hour timeframe is attempting to move lower, reaching the support level at 0.87920 and heading towards the next support level at 0.87740. A downward trend is also evident from the template, where the potential percentage decrease is greater than the percentage increase. Meanwhile, the bearish bias is supported by the sell signal indicated by the purple arrow.

Suggest: Sell 0.88110 TP1 0.87920 TP2 0.88740 SL 0.88300

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.88371

0.88487

0.88110

0.88245

0.88417

-0.00172

-0.19%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.88870

0.88680

0.88490

0.88300

0.88110

0.87920

0.87740

 

USDJPY



USD/JPY on the 1-hour timeframe is attempting to move lower, reaching the support level at 148.730 and heading towards the next support level at 148.500. A downward trend is also evident from the template, where the potential percentage decrease is greater than the percentage increase. Meanwhile, the bearish bias is supported by the sell signal indicated by the purple arrow.

Suggest: Sell 148.970 TP1 148.730 TP2 148.500 SL 149.250

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

149.526

149.713

149.199

149.471

149.572

-0.101

-0.07%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

150.270

149.990

149.760

149.480

149.250

148.970

148.730

 

XUL (LOCO LONDON GOLD)



Gold prices on the 1-hour timeframe are attempting to move higher, reaching the resistance level at 2020.00 and heading towards the next resistance level at 2030.00. An upward trend is also evident from the template, where the potential percentage increase is greater than the percentage decrease. Meanwhile, the bullish bias is supported by the buy signal indicated by the blue arrow.

Suggest: Sell 2016.00 TP1 2011.00 TP2 2008.70 SL 2020.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1993.04

2003.66

1991.44

2002.37

1992.15

10.22

0.51%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2016.00

2009.80

2003.80

1997.60

1991.50

1985.40

1979.30

 

CLSK (OIL)



Oil prices on the 1-hour timeframe are attempting to move lower, needing to break through the support level at 74.83 to reach the next support level at 74.27. Meanwhile, for a bullish bias, oil prices must surpass the resistance level at 75.94 to advance toward the next resistance level at 76.50.

Suggest: Sell 75.20 TP1 74.80 TP2 74.50 SL 75.70

 

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

76.34

77.05

75.38

75.38

76.24

-0.86

-1.13%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

78.17

77.61

76.50

75.94

74.83

74.27

73.16

 

That's a summary of "Technical Daily Analysis: November 27, 2023 - Greenback Plummets." Also, check out our other articles, such as guides on how to buy cryptocurrency, available only at Jurnal GIC. Don’t forget to hone your trading skills by downloading the Ebook Scalping guide and participating in Live Trading during the NFP Live Trading sessions. Be sure to download the GIC Mobile App from the Google Play Store.