The following is the daily technical analysis, March 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_15526" align="alignnone" width="988"]EURUSD 2022-03-09 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 = 1,09003

Resistance

Resistance 1 = 1,09534 Resistance 2 = 1,10110 Resistance 3 = 1,10641

Support

Support 1 = 1,08427 Support 2 = 1,07896 Support 3 = 1,07320

USDCHF

[caption id="attachment_15525" align="alignnone" width="996"]USDCHF 2022-03-09 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 = 0,92956

Resistance

Resistance 1 = 0,93430 Resistance 2 = 0,93935 Resistance 3 = 0,94409

Support

Support 1 = 0,92451 Support 2 = 0,91977 Support 3 = 0,91472

USDJPY

[caption id="attachment_15520" align="alignnone" width="988"]USDJPY 2022-03-09 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 = 115,573

Resistance

Resistance 1 = 115,887 Resistance 2 = 116,100 Resistance 3 = 116,414

Support

Support 1 = 115,360 Support 2 = 115,046 Support 3 = 114,833

GBPUSD

[caption id="attachment_15521" align="alignnone" width="988"]GBPUSD 2022-03-09 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 = 1,31083

Resistance

Resistance 1 = 1,31352 Resistance 2 = 1,31710 Resistance 3 = 1,31979

Support

Support 1 = 1,30725 Support 2 = 1,30456 Support 3 = 1,30098

AUDUSD

[caption id="attachment_15522" align="alignnone" width="996"]AUDUSD 2022-03-09 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 = 0,72873

Resistance

Resistance 1 = 0,73297 Resistance 2 = 0,73900 Resistance 3 = 0,74324

Support

Support 1 = 0,72270 Support 2 = 0,71846 Support 3 = 0,71243

GOLD

[caption id="attachment_15523" align="alignnone" width="992"]GOLD 2022-03-09 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 = 2034,40

Resistance

Resistance 1 = 2087,83 Resistance 2 = 2123,71 Resistance 3 = 2177,14

Support

Support 1 = 1998,52 Support 2 = 1945,09 Support 3 = 1909,21

OIL

[caption id="attachment_15524" align="alignnone" width="1000"]OIL 2022-03-09 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements 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 = 123,72

Resistance

Resistance 1 = 130,33 Resistance 2 = 136,03 Resistance 3 = 142,64

Support

Support 1 = 118,02 Support 2 = 111,41 Support 3 = 105,71

That's the explanation of "Technical Daily Analysis: March 09, 2022 - Dollar Weakens". Also read our other articles, such as Stop Loss 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.