Technical Analysis: Intraday Forex Signals, October 23, 2023
- forex368 Forex Education
- Oct 23, 2023
- 2 min read
Middle East Tensions Cool: What It Means for Oil, Gold, and U.S. Equities
Bullet Points:
Middle East Update: Oil and gold prices drop as Israel halts Gaza ground offensive.
U.S. Equities: S&P 500 futures rise, signalling potential market rebound.
Asian Markets: Chinese stocks drag Asia's market down amid Foxconn investigations.
Yen Watch: Weakens past 150 per dollar, triggering intervention speculation.
Upcoming Data: Fed and ECB speeches and policy decisions expected this week.
Expert Quotes:
"Partial unwind of safe-haven flows ahead of the weekend," – Tony Sycamore, IG Australia.
"High alert for possible BOJ intervention," – Commonwealth Bank of Australia.
Actionable Steps:
Watch Oil and Gold: Keep an eye on geopolitical updates.
Monitor U.S. Equities: Look for potential rebounds.
Be Cautious with Yen: Possible Bank of Japan intervention ahead.
"Intraday forex signals presented here are derived using the previous close's pivot point, complemented by RSI and Ichimoku Cloud indicators to define the trading signal range."
Forex Signals
🟢 XAU/USD (Gold)
Pivot Point: 1983.21
🎯 Take Profit Targets:
1st Resistance: 1995.02
2nd Resistance: 2008.84
3rd Resistance: 2020.65
❌ Stop Loss Targets:
1st Support: 1969.39
2nd Support: 1957.58
3rd Support: 1943.76
📊 Preferred Option: Bullish-Volatile
🟢 WTI OIL
Pivot Point: 89.29
🎯 Take Profit Targets:
1st Support: 87.79
2nd Support: 86.84
3rd Support: 85.34
❌ Stop Loss Targets:
1st Resistance: 90.24
2nd Resistance: 91.74
3rd Resistance: 92.69
📊 Preferred Option: BEARISH/Volatile
🟢 EUR/USD
Pivot Point: 1.0588
🎯 Take Profit Targets:
1st Support: 1.0572
2nd Support: 1.0503
3rd Support: 1.0534
❌ Stop Loss Targets:
1st Resistance: 1.0610
2nd Resistance: 1.0626
3rd Resistance: 1.0648
📊 Preferred Option: Bearish
🟢 GBP/USD
Pivot Point: 1.214
🎯 Take Profit Targets:
1st Support: 1.211
2nd Support: 1.206
3rd Support: 1.204
❌ Stop Loss Targets:
1st Resistance: 1.219
2nd Resistance: 1.222
3rd Resistance: 1.227
📊 Preferred Option: Bearish
🟢 USD/JPY
Pivot Point: 149.843
🎯 Take Profit Targets:
1st Resistance: 150.037
2nd Resistance: 150.233
3rd Resistance: 150.427
❌ Stop Loss Targets:
1st Support: 149.647
2nd Support: 149.453
3rd Support: 149.257
📊 Preferred Option: Bullish
🟢 USD/CHF
Pivot Point: 0.8924
🎯 Take Profit Targets:
1st Resistance: 0.8946
2nd Resistance: 0.8970
3rd Resistance: 0.8992
❌ Stop Loss Targets:
1st Support: 0.8900
2nd Support: 0.8878
3rd Support: 0.8854
📊 Preferred Option: Bullish
🟢 NZD/USD
Pivot Point: 0.5833
🎯 Take Profit Targets:
1st Support: 0.5814
2nd Support: 0.5797
3rd Support: 0.5778
❌ Stop Loss Targets:
1st Resistance: 0.5850
2nd Resistance: 0.5869
3rd Resistance: 0.5886
📊 Preferred Option: Bearish
🟢 AUD/USD
Pivot Point: 0.6315
🎯 Take Profit Targets:
1st Support: 0.6297
2nd Support: 0.6279
3rd Support: 0.6261
❌ Stop Loss Targets:
1st Resistance: 0.6333
2nd Resistance: 0.6351
3rd Resistance: 0.6369
📊 Preferred Option: BEARISH
🟢 USDCAD
Pivot Point: 1.3709
🎯 Take Profit Targets:
1st Support: 1.3680
2nd Support: 1.3642
3rd Support: 1.3613
❌ Stop Loss Targets:
1st Resistance: 1.3747
2nd Resistance: 1.3776
3rd Resistance: 1.3814
📊 Preferred Option: Bearish
🟢 EUR/GBP
Pivot Point: 0.8720
🎯 Take Profit Targets:
1st Support: 0.8698
2nd Support: 0.8685
3rd Support: 0.8663
❌ Stop Loss Targets:
1st Resistance: 0.8733
2nd Resistance: 0.8755
3rd Resistance: 0.8768
📊 Preferred Option: BEARISH
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