Technical Daily Analysis: 04 March 2022 - Dollar Strengthens

The following is the daily technical analysis, March 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_15394" align="alignnone" width="996"] 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 weakness, 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 = 1,10733

Resistance

Resistance 1 = 1,11133 Resistance 2 = 1,11612 Resistance 3 = 1,12012

Support

Support 1 = 1,10254 Support 2 = 1,09854 Support 3 = 1,09375

USDCHF

[caption id="attachment_15393" align="alignnone" width="996"] 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_15392" align="alignnone" width="992"] 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 = 115,546

Resistance

Resistance 1 = 115,714 Resistance 2 = 115,969 Resistance 3 = 116,137

Support

Support 1 = 115,291 Support 2 = 115,123 Support 3 = 114,868

GBPUSD

[caption id="attachment_15391" align="alignnone" width="984"] 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 = 1,33609

Resistance

Resistance 1 = 1,34048 Resistance 2 = 1,34612 Resistance 3 = 1,35051

Support

Support 1 = 1,33045 Support 2 = 1,32606 Support 3 = 1,32042

AUDUSD

[caption id="attachment_15390" align="alignnone" width="1000"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of 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 Point

Pivot poin are at = 0,73168

Resistance

Resistance 1 = 0,73581 Resistance 2 = 0,73884 Resistance 3 = 0,74297

Support

Support 1 = 0,72865 Support 2 = 0,72452 Support 3 = 0,72149

GOLD

[caption id="attachment_15389" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold 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 or even S3. For details, please see below

Pivot Point

Pivot poin are at = 1933,71

Resistance

Resistance 1 = 1945,46 Resistance 2 = 1952,92 Resistance 3 = 1964,67

Support

Support 1 = 1926,25 Support 2 = 1914,50 Support 3 = 1907,04

OIL

[caption id="attachment_15388" 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 = 110,26

Resistance

Resistance 1 = 114,06 Resistance 2 = 120,30 Resistance 3 = 124,10

Support

Support 1 = 104,02 Support 2 = 100,22 Support 3 = 93,98

That's the explanation of "Technical Daily Analysis: 04 March 2022 - Dollar Strengthens". Also read our other articles, such as the explanation of the Triangle Pattern, 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.