Technical Daily Analysis: December 10, 2021 - Bearish Market

The following is the daily technical analysis, December 10, 2021. 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_10457" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement is predicted to continue 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 and even R3. For details, please see below

Pivot Point

Pivot poin are at 1,13049

Resistance

Resistance 1 = 1,13320 Resistance 2 = 1,13718 Resistance 3 = 1,13989

Support

Support 1 = 1,12651 Support 2 = 1,12380 Support 3 = 1,11982

USDCHF

[caption id="attachment_10456" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Swiss Franc movement is predicted to continue to weaken/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 and even S3. For details, please see below

Pivot Point

Pivot poin are at 0,92277

Resistance

Resistance 1 = 0,92659 Resistance 2 = 0,93026 Resistance 3 = 0,93408

Support

Support 1 = 0,91910 Support 2 = 0,91528 Support 3 = 0,91161

USDJPY

[caption id="attachment_10458" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement is predicted to continue to weaken/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 113,510

Resistance

Resistance 1 = 113,754 Resistance 2 = 114,051 Resistance 3 = 114,295

Support

Support 1 = 113,213 Support 2 = 112,969 Support 3 = 112,672

GBPUSD

[caption id="attachment_10459" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted to continue to weaken/Bearish towards the levels 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 and even R3. For details, please see below

Pivot Point

Pivot poin are at 1,32035

Resistance

Resistance 1 = 1,32369 Resistance 2 = 1,32554 Resistance 3 = 1,32888

Support

Support 1 = 1,31850 Support 2 = 1,31516 Support 3 = 1,31331

AUDUSD

[caption id="attachment_10460" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Aussie movement is predicted to continue 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 0,71556

Resistance

Resistance 1 = 0,71763 Resistance 2 = 0,72067 Resistance 3 = 0,72274

Support

Support 1 = 0,71252 Support 2 = 0,71045 Support 3 = 0,70741

GOLD

[caption id="attachment_10461" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted to continue 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 and even R3. For details, please see below

Pivot Point

Pivot poin are at 1778,57

Resistance

Resistance 1 = 1784,00 Resistance 2 = 1792,96 Resistance 3 = 1798,39

Support

Support 1 = 1769,61 Support 2 = 1764,18 Support 3 = 1755,22

OIL

[caption id="attachment_10462" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to continue to decline/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its decline, 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 71,40

Resistance

Resistance 1 = 72,43 Resistance 2 = 74,34 Resistance 3 = 75,37

Support

Support 1 = 69,49 Support 2 = 68,46 Support 3 = 66,55

That's the explanation of "Technical Daily Analysis: December 10, 2021 - Bearish Market". Also read our other articles, such as BRI Transfer Limit, only in the GIC Journal. Make sure to download GICTrade Apps on the Google Play Store as well as the Apple App Store, to maximize your profits from forex trading.