Technical Daily Analysis: April 11, 2022 - Bearish Market

This is the daily technical analysis, April 11, 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_16887" align="alignnone" width="984"] 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 = 1,08669

Resistance

Resistance 1 = 1,08979 Resistance 2 = 1,09222 Resistance 3 = 1,09532

Support

Support 1 = 1,08426 Support 2 = 1,08116 Support 3 = 1,07873

USDCHF

[caption id="attachment_16888" align="alignnone" width="988"] 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 = 0,93436

Resistance

Resistance 1 = 0,93676 Resistance 2 = 0,93972 Resistance 3 = 0,94212

Support

Support 1 = 0,93140 Support 2 = 0,92900 Support 3 = 0,92604

USDJPY

[caption id="attachment_16889" 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 = 124,207

Resistance

Resistance 1 = 124,750 Resistance 2 = 125,213 Resistance 3 = 125,756

Support

Support 1 = 123,744 Support 2 = 123,201 Support 3 = 122,738

GBPUSD

[caption id="attachment_16890" 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 = 1,30324

Resistance

Resistance 1 = 1,30832 Resistance 2 = 1,31333 Resistance 3 = 1,31841

Support

Support 1 = 1,29823 Support 2 = 1,29315 Support 3 = 1,28814

AUDUSD

[caption id="attachment_16891" 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 = 0,74593

Resistance

Resistance 1 = 0,74930 Resistance 2 = 0,75257 Resistance 3 = 0,75594

Support

Support 1 = 0,74266 Support 2 = 0,73929 Support 3 = 0,73602

GOLD

[caption id="attachment_16892" align="alignnone" width="1000"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted to decline/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 = 1940,40

Resistance

Resistance 1 = 1953,15 Resistance 2 = 1960,85 Resistance 3 = 1973,60

Support

Support 1 = 1932,70 Support 2 = 1919,95 Support 3 = 1912,25

OIL

[caption id="attachment_16893" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to rise/Bullish towards the level 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 = 97,33

Resistance

Resistance 1 = 99,37 Resistance 2 = 100,76 Resistance 3 = 102,80

Support

Support 1 = 95,94 Support 2 = 93,90 Support 3 = 92,51

That's the explanation of "Technical Daily Analysis: April 11, 2022 - Bearish Market". Also read our other articles, such as the Golden Cross explanation, 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.