Technical Daily Analysis: December 2, 2021 - Bearish Market

The following is the daily technical analysis, December 2, 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_9533" align="alignnone" width="1000"] 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 point are at 1,13264.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1.13510 Resistance 2 = 1.13836 Resistance 3 = 1.14082

Support

The following are support values 1, 2, and 3. Support 1 = 1.12938 Support 2 = 1.12692 Support 3 = 1.12366

USDCHF

[caption id="attachment_9532" align="alignnone" width="996"] 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 point are at 0,91968.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 0.92249 Resistance 2 = 0.92456 Resistance 3 = 0.92737

Support

USDJPY

[caption id="attachment_9531" align="alignnone" width="992"] 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 point are at 113,017.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 113,368 Resistance 2 = 113,974 Resistance 3 = 114,325

Support

The following are support values 1, 2, and 3. Support 1 = 112,411 Support 2 = 112,060 Support 3 = 111,454

GBPUSD

[caption id="attachment_9530" 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 point are at 1,32947.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1.33284 Resistance 2 = 1.33850 Resistance 3 = 1.34187

Support

The following are support values 1, 2, and 3. Support 1 = 1.32381 Support 2 = 1.32044 Support 3 = 1.31478

AUDUSD

[caption id="attachment_9529" 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 point are at 0,71236.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 0.71531 Resistance 2 = 0.72019 Resistance 3 = 0.72314

Support

The following are support values 1, 2, and 3. Support 1 = 0.70748 Support 2 = 0.70453 Support 3 = 0.69965

GOLD

[caption id="attachment_9528" align="alignnone" width="996"] 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 point are at 1782,71.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1793.36 Resistance 2 = 1805.11 Resistance 3 = 1815.76

Support

The following are support values 1, 2, and 3. Support 1 = 1770.96 Support 2 = 1760.31 Support 3 = 1748.56

OIL

[caption id="attachment_9535" align="alignnone" width="992"] 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 point are at 66,55.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 68.27 Resistance 2 = 71.19 Resistance 3 = 72.91

Support

That's the explanation of "Technical Daily Analysis: December 2, 2021 - Bearish Market". Also read our other articles, such as BRI Transfer Limit & "Central Banks: Tasks, Objectives, Functions, and Examples", 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.