Daily Technical Analysis: January 05, 2022 - Dollar Weakens

The following is the daily technical analysis, January 05, 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_12606" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement is predicted to try to weaken/bear 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, see below!

Pivot Point

Pivot poin are at 1,12933.

Resistance

Resistance 1 = 1,13146 Resistance 2 = 1,13434 Resistance 3 = 1,13647

Support

Support 1 = 1,12645 Support 2 = 1,12432 Support 3 = 1,12144

USDCHF

[caption id="attachment_12605" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to try 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 could move to the S1, S2 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 0,91621.

Resistance

Resistance 1 = 0,91881 Resistance 2 = 0,92183 Resistance 3 = 0,92443

Support

Support 1 = 0,91319 Support 2 = 0,91059 Support 3 = 0,90757

USDJPY

[caption id="attachment_12604" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement is predicted to try 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, see below!

Pivot Point

Pivot poin are at 115,906.

Resistance

Resistance 1 = 116,554 Resistance 2 = 116,994 Resistance 3 = 117,642

Support

Support 1 = 115,466 Support 2 = 114,818 Support 3 = 114,378

GBPUSD

[caption id="attachment_12603" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted to try to weaken/bear 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, see below!

Pivot Point

Pivot poin are at 1,35144.

Resistance

Resistance 1 = 1,35702 Resistance 2 = 1,36125 Resistance 3 = 1,36683

Support

Support 1 = 1,34721 Support 2 = 1,34163 Support 3 = 1,33740

AUDUSD

[caption id="attachment_12602" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Aussie movement is predicted to try to weaken/bear 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, see below!

Pivot Point

Pivot poin are at 0,72238.

Resistance

Resistance 1 = 0,72638 Resistance 2 = 0,72882 Resistance 3 = 0,73282

Support

Support 1 = 0,71994 Support 2 = 0,71594 Support 3 = 0,71350

GOLD

[caption id="attachment_12601" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted to try 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, see below!

Pivot Point

Pivot poin are at 1809,91.

Resistance

Resistance 1 = 1820,96 Resistance 2 = 1827,71 Resistance 3 = 1838,76

Support

Support 1 = 1803,16 Support 2 = 1792,11 Support 3 = 1785,36

OIL

[caption id="attachment_12600" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to try to weaken/bear 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, see below! The pivot point is at 76.77.

Resistance

Resistance 1 = 77,86 Resistance 2 = 78,73 Resistance 3 = 79,82

Support

Support 1 = 75,90 Support 2 = 74,81 Support 3 = 73,94

That's the explanation of "Daily Technical Analysis: January 05, 2022 - Dollar weakens". Also read our other articles, such as Crowdfunding: Definition, How It Works, & Benefits, 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.