The following is the daily technical analysis, March 02, 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_15367" align="alignnone" width="1000"]EURUSD 2022-03-02 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement is predicted to weaken/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its analysis, 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 = 1,11483

Resistance

Resistance 1 = 1,12072 Resistance 2 = 1,12915 Resistance 3 = 1,13504

Support

Support 1 = 1,10640 Support 2 = 1,10051 Support 3 = 1,19208

USDCHF

[caption id="attachment_15366" align="alignnone" width="1004"]USDCHF 2022-03-02 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement 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 and even R3. For details, please see below

Pivot Point

Pivot poin are at = 0,91787

Resistance

Resistance 1 = 0,92078 Resistance 2 = 0,92338 Resistance 3 = 0,92629

Support

Support 1 = 0,91527 Support 2 = 0,91236 Support 3 = 0,90976

USDJPY

[caption id="attachment_15365" align="alignnone" width="1004"]USDJPY 2022-03-02 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 = 114,952

Resistance

Resistance 1 = 115,210 Resistance 2 = 115,542 Resistance 3 = 115,800

Support

Support 1 = 114,620 Support 2 = 114,362 Support 3 = 114,030

GBPUSD

[caption id="attachment_15364" align="alignnone" width="1004"]GBPUSD 2022-03-02 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 = 1,33522

Resistance

Resistance 1 = 1,34027 Resistance 2 = 1,34872 Resistance 3 = 1,35377

Support

Support 1 = 1,32677 Support 2 = 1,32172 Support 3 = 1,31327

AUDUSD

[caption id="attachment_15363" align="alignnone" width="996"]AUDUSD 2022-03-02 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 = 0,72583

Resistance

Resistance 1 = 0,72786 Resistance 2 = 0,73097 Resistance 3 = 0,73300

Support

Support 1 = 0,72272 Support 2 = 0,72069 Support 3 = 0,71758

GOLD

[caption id="attachment_15362" align="alignnone" width="1000"]GOLD 2022-03-02 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted to continue 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 = 1931,79

Resistance

Resistance 1 = 1962,28 Resistance 2 = 1980,57 Resistance 3 = 2011,06

Support

Support 1 = 1913,50 Support 2 = 1883,01 Support 3 = 1864,72

OIL

[caption id="attachment_15361" align="alignnone" width="1000"]OIL 2022-03-02 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to continue 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 and even S3. For details, please see below

Pivot Point

Pivot poin are at = 102,46

Resistance

Resistance 1 = 109,63 Resistance 2 = 113,92 Resistance 3 = 121,09

Support

Support 1 = 98,17 Support 2 = 91,00 Support 3 = 86,71

That's the explanation of "Technical Daily Analysis: March 02, 2022 - Bearish Market". Also read our other articles, such as the explanation of Insurance Policies, 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.