Technical Daily Analysis: 04 January 2022 - Bearish Market

The following is the daily technical analysis, January 04, 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_12575" align="alignnone" width="988"] 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 1,13168

Resistance

Resistance 1 = 1,13543 Resistance 2 = 1,14132 Resistance 3 = 1,14507

Support

Support 1 = 1,12579 Support 2 = 1,12204 Support 3 = 1,11615

USDCHF

[caption id="attachment_12574" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to weaken/Bullish towards the R1, R2 and even R3 levels, but if it cannot continue its weakening, it will return to the Pivot level or it could move to the S1, S2 and even S3 levels. For details, please see below

Pivot Point

Pivot poin are at 0,91676

Resistance

Resistance 1 = 0,92200 Resistance 2 = 0,92518 Resistance 3 = 0,93042

Support

Support 1 = 0,91358 Support 2 = 0,90834 Support 3 = 0,90516

USDJPY

[caption id="attachment_12573" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement is predicted to weaken/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 115,206

Resistance

Resistance 1 = 115,467 Resistance 2 = 115,623 Resistance 3 = 115,884

Support

Support 1 = 115,050 Support 2 = 114,789 Support 3 = 114,633

GBPUSD

[caption id="attachment_12572" align="alignnone" width="992"] 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 1,34785

Resistance

Resistance 1 = 1,35267 Resistance 2 = 1,35772 Resistance 3 = 1,36254

Support

Support 1 = 1,34280 Support 2 = 1,33798 Support 3 = 1,33293

AUDUSD

[caption id="attachment_12571" align="alignnone" width="996"] 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 0,72140

Resistance

Resistance 1 = 0,72453 Resistance 2 = 0,73077 Resistance 3 = 0,73390

Support

Support 1 = 0,71516 Support 2 = 0,71203 Support 3 = 0,70579

GOLD

[caption id="attachment_12576" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted to decline/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 1810,54

Resistance

Resistance 1 = 1822,83 Resistance 2 = 1843,78 Resistance 3 = 1856,07

Support

Support 1 = 1789,59 Support 2 = 1777,30 Support 3 = 1756,35

OIL

[caption id="attachment_12570" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to decrease/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 75,58

Resistance

Resistance 1 = 76,90 Resistance 2 = 77,75 Resistance 3 = 79,07

Support

Support 1 = 74,73 Support 2 = 73,41 Support 3 = 72,56

That's the explanation of "Technical Daily Analysis: January 04, 2022 - Bearish Market". 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.