Daily Technical Analysis: October 6, 2022 – Dollar Tries to Rise!

The following is a technical daily analysis, October 6, 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_20442" align="alignright" width="674"] 
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 more information, the Technical Daily Analysis can be seen below

Pivot Poin

Pivot poin are at = 0,99039

Resistance

• Resistance 1 = 0,99743
• Resistance 2 = 1,00640
• Resistance 3 = 1,01344

Support

• Support 1     = 0,98142
• Support 2     = 0,97438
• Support 3     = 0,96541

USDCHF

[caption id="attachment_20446" align="alignleft" width="667"] 
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 clarity, please see the Technical Daily Analysis below

Pivot Poin

Pivot poin are at = 0,98352

Resistance

• Resistance 1 = 0,98863
• Resistance 2 = 0,99389
• Resistance 3 = 0,99900

Support

• Support 1     = 0,97826
• Support 2     = 0,97315
• Support 3     = 0,96789

USDJPY

[caption id="attachment_20447" align="alignright" width="666"] 
Photo Source: Nurhakim via GIC[/caption] The movement of the Yen 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 or even R3. For details, please see below

Pivot Poin

Pivot poin are at = 144,339

Resistance

• Resistance 1 = 145,164
• Resistance 2 = 145,656
• Resistance 3 = 146,481

Support

• Support 1     = 143,847
• Support 2     = 143,022
• Support 3     = 142,530

GBPUSD

[caption id="attachment_20443" align="alignleft" width="677"] 
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 details, please see below

Pivot Poin

Pivot poin are at = 1,13499

Resistance

• Resistance 1 = 1,14735
• Resistance 2 = 1,16183
• Resistance 3 = 1,17419

Support

• Support 1     = 1,12051
• Support 2     = 1,10815
• Support 3     = 1,09367

AUDUSD

[caption id="attachment_20441" align="alignright" width="670"] 
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 = 0,64773

Resistance

• Resistance 1 = 0,65384
• Resistance 2 = 0,65868
• Resistance 3 = 0,66479

Support

• Support 1     = 0,64289
• Support 2     = 0,63678
• Support 3     = 0,63194

GOLD

[caption id="attachment_20444" align="alignright" width="669"] 
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 = 1714,80

Resistance

• Resistance 1 = 1729,15
• Resistance 2 = 1742,02
• Resistance 3 = 1756,37

Support

• Support 1     = 1701,93
• Support 2     = 1687,58
• Support 3     = 1674,71

OIL

[caption id="attachment_20445" align="alignleft" 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 = 87,27

Resistance

• Resistance 1 = 89,13
• Resistance 2 = 90,25
• Resistance 3 = 92,11

Support

• Support 1     = 86,15
• Support 2     = 84,29
• Support 3     = 83,17

 So, that's the explanation of "Technical Daily Analysis: October 6, 2022 – Dollar Tries to Rise". 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 Google Play Store