Daily Technical Analysis: 07 March 2022 - Dollar Strengthens

The following is a daily technical analysis, March 07, 2022. The data and analysis in this article can be used on a wide scale for your trading. However, it is important to note that GICTrade and its data providers are not responsible for your trading results. So, it's your own responsibility!

EURUSD

[caption id="attachment_15409" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement is predicted to weaken/Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its weakness, it will return to the Pivot level or it may move to the level of R1, R2 and even R3. For details, please see below

Pivot Point

Pivot poin are at = 1,09604

Resistance

Resistance 1 = 1,10355 Resistance 2 = 1,11426 Resistance 3 = 1,12177

Support

Support 1 = 1,08533 Support 2 = 1,07782 Support 3 = 1,06711

USDCHF

[caption id="attachment_15408" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to strengthen, the candle moves Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its strengthening, it will return to the Pivot level or it may move to the level of R1, R2 and even R3. For details, please see below

Pivot Point

Pivot poin are at = 0,91818

Resistance

Resistance 1 = 0,91977 Resistance 2 = 0,92255 Resistance 3 = 0,92414

Support

Support 1 = 0,91540 Support 2 = 0,91381 Support 3 = 0,91103

USDJPY

[caption id="attachment_15407" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement is predicted to strengthen, the candle moves Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its strengthening, it will return to the Pivot level or it may move to the R1, R2 and even R3 levels. For details, please see below

Pivot Point

Pivot poin are at = 115,014

Resistance

Resistance 1 = 115,383 Resistance 2 = 115,922 Resistance 3 = 116,291

Support

Support 1 = 114,475 Support 2 = 114,106 Support 3 = 113,567

GBPUSD

[caption id="attachment_15406" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted to weaken/Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its weakness, it will return to the Pivot level or it may move to the level of R1, R2 and even R3. For details, please see below

Pivot Point

Pivot poin are at = 1,32650

Resistance

Resistance 1 = 1,33280 Resistance 2 = 1,34154 Resistance 3 = 1,34784

Support

Support 1 = 1,31776 Support 2 = 1,31146 Support 3 = 1,30272

AUDUSD

[caption id="attachment_15405" align="alignnone" width="1004"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Aussie movement is predicted to strengthen/Bullish towards the R1, R2 and even R3 levels, but if it cannot continue its strengthening, it will return to the Pivot level or it may move to the S1, S2 and even S3 levels. For details, please see below

Pivot Point

Pivot poin are at = 0,73518

Resistance

Resistance 1 = 0,74037 Resistance 2 = 0,74319 Resistance 3 = 0,74838

Support

Support 1 = 0,73236 Support 2 = 0,72717 Support 3 = 0,72435

GOLD

[caption id="attachment_15404" align="alignnone" width="983"]Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the oil movement is predicted to decline/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its decline, it will return to the Pivot level or it may move to the R1, R2 and even R3 levels. For details, please see below

Pivot Point

Pivot poin are at = 1956,09

Resistance

Resistance 1 = 1982,59 Resistance 2 = 1996,60 Resistance 3 = 2023,10

Support

Support 1 = 1942,08 Support 2 = 1915,58 Support 3 = 1901,57

OIL

[caption id="attachment_15403" align="alignnone" width="993"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to continue to rise/Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its increase, it will return to the Pivot level or it may move to the level of S1, S2 and even S3. For details, please see below

Pivot Point

Pivot poin are at = 112,75

Resistance

Resistance 1 = 118,25 Resistance 2 = 121,49 Resistance 3 = 126,99

Support

Support 1 = 109,51 Support 2 = 104,01 Support 3 = 100,77

That's the explanation of "Technical Daily Analysis: March 07, 2022 - Dollar Strengthens". Also read our other articles, such as the explanation of the Complete Chart Pattern, only in the GIC Journal. Don't forget to practice your trading skills by getting a scalping ebook and following live trading on NFP Live Trading. Make sure to download GIC Mobile Apps on the Google Play Store as well as the Apple App Store, to maximize profits from forex trading.