Technical Daily Analysis: December 20, 2021 - Bearish Market

The following is the daily technical analysis, December 20, 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_11398" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Euro 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 1,12743.

Resistance

Resistance 1 = 1,13130 Resistance 2 = 1,13872 Resistance 3 = 1,14259

Support

Support 1 = 1,12001 Support 2 = 1,11614 Support 3 = 1,10872

USDCHF

[caption id="attachment_11399" align="alignnone" width="980"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Swiss Franc 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 0,92206.

Resistance

Resistance 1 = 0,92673 Resistance 2 = 0,92920 Resistance 3 = 0,93387

Support

Support 1 = 0,91959 Support 2 = 0,91492 Support 3 = 0,91245

USDJPY

[caption id="attachment_11400" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Yen 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 113,569.

Resistance

Resistance 1 = 113,996 Resistance 2 = 114,277 Resistance 3 = 114,704

Support

Support 1 = 113,288 Support 2 = 112,861 Support 3 = 112,580

GBPUSD

[caption id="attachment_11401" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses 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 1,32688.

Resistance

Resistance 1 = 1,33048 Resistance 2 = 1,33747 Resistance 3 = 1,34107

Support

Support 1 = 1,31989 Support 2 = 1,31629 Support 3 = 1,30930

AUDUSD

[caption id="attachment_11402" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Aussie 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 0,71431.

Resistance

Resistance 1 = 0,71642 Resistance 2 = 0,72044 Resistance 3 = 0,72255

Support

Support 1 = 0,71029 Support 2 = 0,70818 Support 3 = 0,70416

GOLD

[caption id="attachment_11403" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses 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 it may move to the S1, S2 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 1802,70.

Resistance

Resistance 1 = 1809,63 Resistance 2 = 1821,06 Resistance 3 = 1827,99

Support

Support 1 = 1791,27 Support 2 = 1784,34 Support 3 = 1772,91

OIL

[caption id="attachment_11404" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of oil 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 70,65.

Resistance

Resistance 1 = 71,58 Resistance 2 = 72,95 Resistance 3 = 73,88

Support

Support 1 = 69,28 Support 2 = 68,35 Support 3 = 66,98

That's the explanation of "Technical Daily Analysis: December 20, 2021 - Bearish Market". Also read our other articles, such as How to Become a Successful Trader and Their Characteristics, 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.