Daily Technical Analysis: February 24, 2022 - Dollar Weakens

The following is the daily technical analysis, February 24, 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_15072" align="alignnone" width="1004"] 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 = 1,13211

Resistance

Resistance 1 = 1,13416 Resistance 2 = 1,13788 Resistance 3 = 1,13993

Support

Support 1 = 1,12839 Support 2 = 1,12634 Support 3 = 1,12262

USDCHF

[caption id="attachment_15071" align="alignnone" width="1000"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to weaken, the candle moves Bullish towards the level 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 and even S3. For details, please see below

Pivot Point

Pivot poin are at = 0,91891

Resistance

Resistance 1 = 0,92109 Resistance 2 = 0,92399 Resistance 3 = 0,92617

Support

Support 1 = 0,91601 Support 2 = 0,91383 Support 3 = 0,91093

USDJPY

[caption id="attachment_15070" align="alignnone" width="1004"] 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 = 115,042

Resistance

Resistance 1 = 115,163 Resistance 2 = 115,316 Resistance 3 = 115,437

Support

Support 1 = 114,889 Support 2 = 114,768 Support 3 = 114,615

GBPUSD

[caption id="attachment_15069" align="alignnone" width="1000"] 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 = 1,35673

Resistance

Resistance 1 = 1,35994 Resistance 2 = 1,36520 Resistance 3 = 1,36841

Support

Support 1 = 1,35147 Support 2 = 1,34826 Support 3 = 1,34300

AUDUSD

[caption id="attachment_15068" align="alignnone" width="1000"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of 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 = 0,72439

Resistance

Resistance 1 = 0,72716 Resistance 2 = 0,73112 Resistance 3 = 0,73389

Support

Support 1 = 0,72043 Support 2 = 0,71766 Support 3 = 0,71370

GOLD

[caption id="attachment_15067" align="alignnone" width="1000"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold 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 Point

Pivot poin are at = 1902,71

Resistance

Resistance 1 = 1915,88 Resistance 2 = 1923,56 Resistance 3 = 1936,73

Support

Support 1 = 1895,03 Support 2 = 1881,86 Support 3 = 1874,18

OIL

[caption id="attachment_15066" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to rise/Bullish towards the level 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 Point

Pivot poin are at = 92,23

Resistance

Resistance 1 = 93,83 Resistance 2 = 95,46 Resistance 3 = 97,06

Support

Support 1 = 90,60 Support 2 = 89,00 Support 3 = 87,37

That's the explanation of "Technical Daily Analysis: February 24, 2022 - Dollar Weakens". Also read our other articles, such as the explanation of How to read Candlesticks, 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.