Technical Daily Analysis: 09 February 2022 - Dollar Strengthens

The following is the daily technical analysis, February 09, 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_14306" align="alignnone" width="988"] 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 = 1,14203

Resistance

Resistance 1 = 1,14447 Resistance 2 = 1,14728 Resistance 3 = 1,14972

Support

Support 1 = 1,13922 Support 2 = 1,13678 Support 3 = 1,13397

USDCHF

[caption id="attachment_14305" align="alignnone" width="992"] 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 = 0,92459

Resistance

Resistance 1 = 0,92668 Resistance 2 = 0,92830 Resistance 3 = 0,93039

Support

Support 1 = 0,92297 Support 2 = 0,92088 Support 3 = 0,91926

USDJPY

[caption id="attachment_14304" align="alignnone" width="992"] 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 = 115,419

Resistance

Resistance 1 = 115,745 Resistance 2 = 115,947 Resistance 3 = 116,273

Support

Support 1 = 115,217 Support 2 = 114,891 Support 3 = 114,689

GBPUSD

[caption id="attachment_14303" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted to strengthen/Bullish towards the level of R1, R2 and even R3, but if it cannot continue its strengthening, 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 = 1,35392

Resistance

Resistance 1 = 1,35716 Resistance 2 = 1,35956 Resistance 3 = 1,36280

Support

Support 1 = 1,35152 Support 2 = 1,34828 Support 3 = 1,34588

AUDUSD

[caption id="attachment_14302" align="alignnone" width="992"] 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 = 0,71328

Resistance

Resistance 1 = 0,71596 Resistance 2 = 0,71731 Resistance 3 = 0,71999

Support

Support 1 = 0,71193 Support 2 = 0,70925 Support 3 = 0,70790

GOLD

[caption id="attachment_14301" align="alignnone" width="992"] 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 = 1823,36

Resistance

Resistance 1 = 1831,39 Resistance 2 = 1836,71 Resistance 3 = 1844,74

Support

Support 1 = 1818,04 Support 2 = 1810,01 Support 3 = 1804,69

OIL

[caption id="attachment_14300" 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 = 89,89

Resistance

Resistance 1 = 91,29 Resistance 2 = 93,03 Resistance 3 = 94,43

Support

Support 1 = 88,15 Support 2 = 86,75 Support 3 = 85,01

That's the explanation of "Technical Daily Analysis: 09 February 2022 - Dollat Strengthens". Also read our other articles, such as Forex Swap explanations, 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.