The following is the daily technical analysis, December 16, 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_11172" align="alignnone" width="992"]EURUSD 2021-12-16 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro'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 1,12713

Resistance

Resistance 1 = 1,13209 Resistance 2 = 1,13482 Resistance 3 = 1,13978

Support

Support 1 = 1,12440 Support 2 = 1,11944 Support 3 = 1,11671

USDCHF

[caption id="attachment_11171" align="alignnone" width="988"]USDCHF 2021-12-16 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Swiss Franc'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 0,92537

Resistance

Resistance 1 = 0,92843 Resistance 2 = 0,93242 Resistance 3 = 0,93548

Support

Support 1 = 0,92138 Support 2 = 0,91832 Support 3 = 0,91433

USDJPY

[caption id="attachment_11170" align="alignnone" width="992"]USDJPY 2021-12-16 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 113,979

Resistance

Resistance 1 = 114,333 Resistance 2 = 114,612 Resistance 3 = 114,966

Support

Support 1 = 113,700 Support 2 = 113,346 Support 3 = 113,067

GBPUSD

[caption id="attachment_11169" align="alignnone" width="988"]GBPUSD 2021-12-16 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling 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 1,32374

Resistance

Resistance 1 = 1,33027 Resistance 2 = 1,33478 Resistance 3 = 1,34131

Support

Support 1 = 1,31923 Support 2 = 1,31270 Support 3 = 1,30819

AUDUSD

[caption id="attachment_11168" align="alignnone" width="996"]AUDUSD 2021-12-16 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Aussie 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 0,71442

Resistance

Resistance 1 = 0,71968 Resistance 2 = 0,72296 Resistance 3 = 0,72822

Support

Support 1 = 0,71114 Support 2 = 0,70588 Support 3 = 0,70260

GOLD

[caption id="attachment_11167" align="alignnone" width="992"]GOLD 2021-12-16 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold 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 1770,40

Resistance

Resistance 1 = 1788,01 Resistance 2 = 1798,37 Resistance 3 = 1815,98

Support

Support 1 = 1760,04 Support 2 = 1742,43 Support 3 = 1732,07

OIL

[caption id="attachment_11166" align="alignnone" width="984"]OIL 2021-12-16 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements 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 70,83

Resistance

Resistance 1 = 72,29 Resistance 2 = 73,10 Resistance 3 = 74,56

Support

Support 1 = 70,02 Support 2 = 68,56 Support 3 = 67,75

That's the explanation of "Technical Daily Analysis: December 16, 2021 - Bullish Market". Also read our other articles, such as BRI Transfer Limit, 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.