Technical Daily Analysis: 08 March 2022 - Dollar Strengthens

The following is the daily technical analysis, March 08, 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_15440" 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 = 1,08636

Resistance

Resistance 1 = 1,09215 Resistance 2 = 1,09897 Resistance 3 = 1,10476

Support

Support 1 = 1,07954 Support 2 = 1,07375 Support 3 = 1,06693

USDCHF

[caption id="attachment_15441" align="alignnone" width="992"] 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 = 0,92292

Resistance

Resistance 1 = 0,92953 Resistance 2 = 0,93376 Resistance 3 = 0,94037

Support

Support 1 = 0,91869 Support 2 = 0,91208 Support 3 = 0,90785

USDJPY

[caption id="attachment_15442" align="alignnone" width="996"] 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 = 115,191

Resistance

Resistance 1 = 115,566 Resistance 2 = 115,843 Resistance 3 = 116,218

Support

Support 1 = 114,914 Support 2 = 114,539 Support 3 = 114,262

GBPUSD

[caption id="attachment_15443" align="alignnone" width="1000"] 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 = 1,31485

Resistance

Resistance 1 = 1,31956 Resistance 2 = 1,32882 Resistance 3 = 1,33353

Support

Support 1 = 1,30559 Support 2 = 1,30088 Support 3 = 1,29162

AUDUSD

[caption id="attachment_15444" align="alignnone" width="988"] 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 = 0,73556

Resistance

Resistance 1 = 0,74000 Resistance 2 = 0,74852 Resistance 3 = 0,75296

Support

Support 1 = 0,72704 Support 2 = 0,72260 Support 3 = 0,71408

GOLD

[caption id="attachment_15445" align="alignnone" width="984"] 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 = 1987,16

Resistance

Resistance 1 = 2013,40 Resistance 2 = 2028,75 Resistance 3 = 2054,99

Support

Support 1 = 1971,81 Support 2 = 1945,57 Support 3 = 1930,22

OIL

[caption id="attachment_15446" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to continue to rise/Buillish towards R1, R2 and even R3 levels, but if it cannot continue its increase, 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 = 121,95

Resistance

Resistance 1 = 128,37 Resistance 2 = 136,98 Resistance 3 = 143,40

Support

Support 1 = 113,34 Support 2 = 106,92 Support 3 = 98,31

That's the explanation of "Technical Daily Analysis: March 08, 2022 - Dollar Strengthens". Also read our other articles, such as the explanation of Bearish Engulfing, 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.