Technical Daily Analysis: 06 June 2022 - Dollar Weakens

The following is the daily technical analysis, 06 June 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. 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!

EURUSD

[caption id="attachment_17699" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Euro 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 = 1,07281

Resistance

Resistance 1 = 1,07536 Resistance 2 = 1,07881 Resistance 3 = 1,08136

Support

Support 1     = 1,06936 Support 2     = 1,06681 Support 3     = 1,06336

USDCHF

[caption id="attachment_17700" align="alignnone" width="986"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of Swiss Franch is predicted to weaken, the candle moves 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 and even S3. For details, please see below

Pivot Point

Pivot poin are at = 0,96071

Resistance

Resistance 1 = 0,96583 Resistance 2 = 0,96930 Resistance 3 = 0,97442

Support

Support 1     = 0,95724 Support 2     = 0,95212 Support 3     = 0,94865

USDJPY

[caption id="attachment_17701" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Yen is predicted to weaken, the candle moves 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 = 130,481

Resistance

Resistance 1 = 131,290 Resistance 2 = 131,775 Resistance 3 = 132,584

Support

Support 1     = 129,996 Support 2     = 129,187 Support 3     = 128,702

GBPUSD

[caption id="attachment_17702" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Pound Sterling 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 = 1,25234

Resistance

Resistance 1 = 1,25569 Resistance 2 = 1,26225 Resistance 3 = 1,26560

Support

Support 1     = 1,24578 Support 2     = 1,24243 Support 3     = 1,23587

AUDUSD

[caption id="attachment_17703" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Aussie 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 = 0,72299

Resistance

Resistance 1 = 0,72585 Resistance 2 = 0,73110 Resistance 3 = 0,73396

Support

Support 1     = 0,71774 Support 2     = 0,71488 Support 3     = 0,70963

GOLD

[caption id="attachment_17704" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of Gold is predicted to go down/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 = 1857,37

Resistance

Resistance 1 = 1867,42 Resistance 2 = 1884,11 Resistance 3 = 1894,16

Support

Support 1     = 1840,68 Support 2     = 1830,63 Support 3     = 1813,94

OIL

[caption id="attachment_17705" align="alignnone" width="988"] 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 Point

Pivot poin are at = 118,64

Resistance

Resistance 1 = 122,06 Resistance 2 = 123,85 Resistance 3 = 127,27

Support

Support 1     = 116,85 Support 2     = 113,43 Support 3     = 111,64

That's the explanation of "Technical Daily Analysis: June 06, 2022 - Dollar Weakens". Also read our other articles, such as an explanation of how to get bitcoin, 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.