The following is the daily technical analysis, August 8, 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. 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_19025" align="aligncenter" width="666"]Analisa Harian Teknikal 
Photo Source: Nurhakim via GIC[/caption] The movement of the Euro is predicted to weaken/Bearish towards the level 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 clarity, you can see the technical daily analysis below

Pivot Point

Pivot poin are at = 1,01901

Resistance

  • Resistance 1 = 1,02401
  • Resistance 2 = 1,03006
  • Resistance 3 = 1,03506

Support

  • Support 1     = 1,01296
  • Support 2     = 1,00796
  • Support 3     = 1,00191

USDCHF

[caption id="attachment_19029" align="aligncenter" width="678"]Analisa Harian Teknikal 
Photo Source: Nurhakim via GIC[/caption] Swiss Franch's movement 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 Point

Pivot poin are at = 0,96014

Resistance

  • Resistance 1 = 0,96658
  • Resistance 2 = 0,97132
  • Resistance 3 = 0,97776

Support

  • Support 1     = 0,95540
  • Support 2     = 0,94896
  • Support 3     = 0,94422

USDJPY

[caption id="attachment_19030" align="aligncenter" width="679"]Analisa Harian Teknikal 
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 Point

Pivot poin are at = 134,334

Resistance

  • Resistance 1 = 136,158
  • Resistance 2 = 137,309
  • Resistance 3 = 139,133

Support

  • Support 1     = 133,183
  • Support 2     = 131,359
  • Support 3     = 130,208

GBPUSD

[caption id="attachment_19026" align="aligncenter" width="672"]Analisa Harian Teknikal 
Photo Source: Nurhakim via GIC[/caption] The movement of the Pound Sterling is predicted to weaken / Bearish towards the level 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 or even R3. For clarity, you can see the technical daily analysis below

Pivot Point

Pivot poin are at = 1,20809

Resistance

  • Resistance 1 = 1,21594
  • Resistance 2 = 1,22465
  • Resistance 3 = 1,23250

Support

  • Support 1     = 1,19938
  • Support 2     = 1,19153
  • Support 3     = 1,18282

AUDUSD

[caption id="attachment_19024" align="aligncenter" width="674"]Analisa Harian Teknikal 
Photo Source: Nurhakim via GIC[/caption] The Aussie movement is predicted to weaken/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its weakening, 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 = 0,69190

Resistance

  • Resistance 1 = 0,69689
  • Resistance 2 = 0,70242
  • Resistance 3 = 0,70741

Support

  • Support 1     = 0,68637
  • Support 2     = 0,68138
  • Support 3     = 0,67585

GOLD

[caption id="attachment_19027" align="aligncenter" width="672"]Analisa Harian Teknikal 
Photo Source: Nurhakim via GIC[/caption] Gold's movement is predicted to go down/Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its decline, it will return to the Pivot level or it may move to the level of R1, R2 or even R3. For clarity, you can see the technical daily analysis below

Pivot Point

Pivot poin are at = 1778,12

Resistance

  • Resistance 1 = 1791,32
  • Resistance 2 = 1808,02
  • Resistance 3 = 1821,22

Support

  • Support 1     = 1761,42
  • Support 2     = 1748,22
  • Support 3     = 1731,52

OIL

[caption id="attachment_19028" align="aligncenter" width="677"]Analisa Harian Teknikal 
Photo Source: Nurhakim via GIC[/caption] The movement of oil is predicted to go down/Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its decline, it will return to the Pivot level or it may move to the level of R1, R2 or even R3. For details, please see below

Pivot Point

Pivot poin are at = 88,69

Resistance

  • Resistance 1 = 90,37
  • Resistance 2 = 92,41
  • Resistance 3 = 94,09

Support

  • Support 1     = 86,65
  • Support 2     = 84,97
  • Support 3     = 82,93
That's the explanation of "Technical Daily Analysis: August 8, 2022 - Bearish Market". 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 to download GIC Mobile Apps on the Google Play Store as well as the Apple App Store, to maximize profits from forex trading.