Technical Daily Analysis: 07 February 2022 - Bullish Markets

The following is the daily technical analysis, February 07, 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_14143" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's 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 or even S3 levels. For details, please see below.

Pivot Point

Pivot poin are at 1,14481

Resistance

Resistance 1 = 1,14851 Resistance 2 = 1,15202 Resistance 3 = 1,15572

Support

Support 1 = 1,14130 Support 2 = 1,13760 Support 3 = 1,13409

USDCHF

[caption id="attachment_14144" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to weaken, the candle moves Bullish towards the level 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 = 0,92344

Resistance

Resistance 1 = 0,92794 Resistance 2 = 0,93033 Resistance 3 = 0,93483

Support

Support 1 = 0,92105 Support 2 = 0,91655 Support 3 = 0,91416

USDJPY

[caption id="attachment_14145" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement 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 115,133

Resistance

Resistance 1 = 115,497 Resistance 2 = 115,787 Resistance 3 = 116,151

Support

Support 1 = 114,843 Support 2 = 114,479 Support 3 = 114,189

GBPUSD

[caption id="attachment_14146" 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 1,35476

Resistance

Resistance 1 = 1,35910 Resistance 2 = 1,36576 Resistance 3 = 1,37010

Support

Support 1 = 1,34810 Support 2 = 1,34376 Support 3 = 1,33710

AUDUSD

[caption id="attachment_14147" 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 0,70919

Resistance

Resistance 1 = 0,71326 Resistance 2 = 0,71918 Resistance 3 = 0,72325

Support

Support 1 = 0,70327 Support 2 = 0,69920 Support 3 = 0,69328

GOLD

[caption id="attachment_14148" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold 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 1804,91

Resistance

Resistance 1 = 1817,73 Resistance 2 = 1827,64 Resistance 3 = 1840,46

Support

Support 1 = 1795,00 Support 2 = 1782,18 Support 3 = 1772,27

OIL

[caption id="attachment_14149" 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 = 91,71

Resistance

Resistance 1 = 93,36 Resistance 2 = 94,80 Resistance 3 = 96,45

Support

Support 1 = 90,27 Support 2 = 88,62 Support 3 = 87,18

That's the explanation of "Technical Daily Analysis: February 07, 2022 - Market Bullish". Also read our other articles, such as Custodian Banks: Functions, Duties and Differences, 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.