Daily Technical Analysis: 5 October 2022 – Pound Sterling Gets Stronger

The following is a technical daily analysis, October 5, 2022. The data and analysis contained in this newsletter 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. Before knowing today's technical analysis, immediately register yourself to take part in the GIC Trading Competition and get prizes of up to 3 Billion Rupiah! In the following, we will inform you of price movement predictions in Forex and Commodities which are equipped with calculations of Pivot Point levels, Resistance and Support.

EURUSD 

[caption id="attachment_20395" align="aligncenter" width="664"] 
Photo Source: Nurhakim via GIC[/caption] The movement of the Euro is predicted to strengthen/Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its strengthening, it will return to the Pivot level or it may move to the level of S1, S2 and even S3. For clarity, please see the Technical Daily Analysis below

Pivot Poin

Pivot poin are at = 0,99293

Resistance

• Resistance 1 = 1,00538
• Resistance 2 = 1,01225
• Resistance 3 = 1,02470

Support

• Support 1     = 0,98606
• Support 2     = 0,97361
• Support 3     = 0,96674

USDCHF

[caption id="attachment_20399" align="aligncenter" width="666"] 
Photo Source: Nurhakim via GIC[/caption] Swiss Franch'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 Poin

Pivot poin are at = 0,98402

Resistance

• Resistance 1 = 0,98961
• Resistance 2 = 0,99968
• Resistance 3 = 1,00527

Support

• Support 1     = 0,97395
• Support 2     = 0,96836
• Support 3     = 0,95829

USDJPY

[caption id="attachment_20400" align="aligncenter" width="671"] 
Photo Source: Nurhakim via GIC[/caption] The movement of the Yen is predicted to weaken, the candle moves Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its weakness, it will return to the Pivot level or it may move to the level of S1, S2 or even S3. For details, please see below

Pivot Poin

Pivot poin are at = 144,316

Resistance

• Resistance 1 = 144,749
• Resistance 2 = 145,355
• Resistance 3 = 145,788

Support

• Support 1     = 143,710
• Support 2     = 143,277
• Support 3     = 142,671

GPBUSD

[caption id="attachment_20396" align="aligncenter" width="681"] 
Photo Source: Nurhakim via GIC[/caption] The movement of the Pound Sterling is predicted to strengthen / Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its strengthening, it will return to the Pivot level or it may move to the level of S1, S2 or even S3. For clarity, please see the Technical Daily Analysis below

Pivot Poin

Pivot poin are at = 1,14143

Resistance

• Resistance 1 = 1,15488
• Resistance 2 = 1,16229
• Resistance 3 = 1,17574

Support

• Support 1     = 1,13402
• Support 2     = 1,12057
• Support 3     = 1,11316

AUDUSD

[caption id="attachment_20394" align="aligncenter" width="628"] 
Photo Source: Nurhakim via GIC[/caption] 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 Poin

Pivot poin are at = 0,64999

Resistance

• Resistance 1 = 0,65497
• Resistance 2 = 0,65969
• Resistance 3 = 0,66467

Support

• Support 1     = 0,64527
• Support 2     = 0,64029
• Support 3     = 0,63557

GOLD

[caption id="attachment_20397" align="aligncenter" width="678"] 
Photo Source: Nurhakim via GIC[/caption] Gold's movement is predicted to be 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 or even S3. For clarity, please see the Technical Daily Analysis below

Pivot Poin

Pivot poin are at = 1716,72

Resistance

• Resistance 1 = 1738,30
• Resistance 2 = 1750,95
• Resistance 3 = 1772,53

Support

• Support 1     = 1704,07
• Support 2     = 1682,49
• Support 3     = 1669,84

OIL

[caption id="attachment_20398" align="aligncenter" width="672"] 
Photo Source: Nurhakim via GIC[/caption] Oil movement is predicted 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 or even S3. For details, please see below

Pivot Poin

Pivot poin are at = 85,48

Resistance

• Resistance 1 = 87,77
• Resistance 2 = 89,23
• Resistance 3 = 91,52

Support

• Support 1     = 84,02
• Support 2     = 81,73
• Support 3     = 80,27

  So, that's the explanation of "Technical Daily Analysis: October 5, 2022 – The Pound Sterling is Getting Better". Also read our other articles, such as an explanation of how to buy cryptocurrencies, 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, download GIC Mobile Apps on the Google Play Store.