Technical Daily Analysis: April 6, 2022 - Bearish Market

The following is the daily technical analysis, April 6, 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_16837" 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 = 1,09309

Resistance

Resistance 1 = 1,09623 Resistance 2 = 1,10194 Resistance 3 = 1,10508

Support

Support 1 = 1,08738 Support 2 = 1,08424 Support 3 = 1,07853

USDCHF

[caption id="attachment_16836" align="alignnone" width="996"] 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 = 0,92760

Resistance

Resistance 1 = 0,93152 Resistance 2 = 0,93366 Resistance 3 = 0,93758

Support

Support 1 = 0,92546 Support 2 = 0,92154 Support 3 = 0,91940

USDJPY

[caption id="attachment_16835" 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 = 123,209

Resistance

Resistance 1 = 124,049 Resistance 2 = 124,503 Resistance 3 = 125,343

Support

Support 1 = 122,755 Support 2 = 121,915 Support 3 = 121,461

GBPUSD

  Daily technical analysis of the movement of the Pound Sterling is predicted to weaken/Bearish towards the level of S1, S2 and even S3, but if it cannot continue its weakening, 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 = 1,31014

Resistance

Resistance 1 = 1,31363 Resistance 2 = 1,32012 Resistance 3 = 1,32361

Support

Support 1 = 1,30365 Support 2 = 1,30016 Support 3 = 1,29367

AUDUSD

[caption id="attachment_16833" align="alignnone" width="980"] 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 = 0,75910

Resistance

Resistance 1 = 0,76466 Resistance 2 = 0,77162 Resistance 3 = 0,77718

Support

Support 1 = 0,75214 Support 2 = 0,74658 Support 3 = 0,73962

GOLD

[caption id="attachment_16832" align="alignnone" width="992"] 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 = 1928,50

Resistance

Resistance 1 = 1939,08 Resistance 2 = 1955,11 Resistance 3 = 1965,69

Support

Support 1 = 1912,47 Support 2 = 1901,89 Support 3 = 1885,86

OIL

[caption id="attachment_16831" align="alignnone" width="996"] 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 = 102,08

Resistance

Resistance 1 = 104,29 Resistance 2 = 107,78 Resistance 3 = 109,99

Support

Support 1 = 98,59 Support 2 = 96,38 Support 3 = 92,89

That's the explanation of "Technical Daily Analysis: April 6, 2022 - Bearish Market". Also read our other articles, such as the explanation of the Falling Wedge Pattern, 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.