Technical Daily Analysis: December 14, 2021 - Bearish Market

The following is the daily technical analysis, December 14, 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_10910" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement is predicted to try to weaken/bear 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, see below!

Pivot Point

Pivot poin are at 1,12874.

Resistance

Resistance 1 = 1,13154 Resistance 2 = 1,13467 Resistance 3 = 1,13747

Support

Support 1 = 1,12561 Support 2 = 1,12281 Support 3 = 1,11968

USDCHF

[caption id="attachment_10909" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Swiss Franc's movement is predicted to try 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, see below!

Pivot Point

Pivot poin are at 0,92261.

Resistance

Resistance 1 = 0,92530 Resistance 2 = 0,92829 Resistance 3 = 0,93098

Support

Support 1 = 0,91962 Support 2 = 0,91693 Support 3 = 0,91394

USDJPY

[caption id="attachment_10908" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement is predicted to try 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, see below!

Pivot Point

Pivot poin are at 113,489.

Resistance

Resistance 1 = 113,724 Resistance 2 = 113,956 Resistance 3 = 114,191

Support

Support 1 = 113,257 Support 2 = 113,022 Support 3 = 112,790

GBPUSD

[caption id="attachment_10907" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted to try to weaken/bear 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, see below!

Pivot Point

Pivot poin are at 1,32287.

Resistance

Resistance 1 = 1,32505 Resistance 2 = 1,32899 Resistance 3 = 1,33117

Support

Support 1 = 1,31893 Support 2 = 1,31675 Support 3 = 1,31281

AUDUSD

[caption id="attachment_10906" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Aussie movement is predicted to try to weaken/bear 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, see below!

Pivot Point

Pivot poin are at 0,71379.

Resistance

Resistance 1 = 0,71658 Resistance 2 = 0,72035 Resistance 3 = 0,72314

Support

Support 1 = 0,71002 Support 2 = 0,70723 Support 3 = 0,70346

GOLD

[caption id="attachment_10905" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted to try to weaken/bear towards the R1, R2 and even R3 levels, but if it cannot continue its strengthening, it will return to the pivot level or may move to the S1, S2 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 1786,54.

Resistance

Resistance 1 = 1791,43 Resistance 2 = 1796,29 Resistance 3 = 1801,18

Support

Support 1 = 1781,68 Support 2 = 1776,79 Support 3 = 1771,93

OIL

[caption id="attachment_10904" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to try to weaken/bear 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, see below!

Pivot Point

Pivot poin are at 71,62.

Resistance

Resistance 1 = 72,54 Resistance 2 = 73,89 Resistance 3 = 74,81

Support

Support 1 = 70,27 Support 2 = 69,35 Support 3 = 68,00

That's the explanation of "Technical Daily Analysis: December 14, 2021 - Bearish Market". Also read our other articles, such as BRI Transfer Limit, only in the GIC Journal. 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.