Technical Daily Analysis: December 22, 2021 - Bearish Market

The following is the daily technical analysis, December 22, 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_11615" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of Eruo is predicted to continue to weaken/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its weakening, 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 1,12825

Resistance

Resistance 1 = 1,13047 Resistance 2 = 1,13243 Resistance 3 = 1,13465

Support

Support 1 = 1,12629 Support 2 = 1,12407 Support 3 = 1,12211

USDCHF

[caption id="attachment_11616" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Swiss Franc 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 0,92268

Resistance

Resistance 1 = 0,92600 Resistance 2 = 0,92868 Resistance 3 = 0,93200

Support

Support 1 = 0,92000 Support 2 = 0,91668 Support 3 = 0,91400

USDJPY

[caption id="attachment_11617" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Yen is predicted to continue to weaken/Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its weakening, 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 113,941

Resistance

Resistance 1 = 114,356 Resistance 2 = 114,631 Resistance 3 = 115,046

Support

Support 1 = 113,666 Support 2 = 113,251 Support 3 = 112,976

GBPUSD

[caption id="attachment_11618" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Pound Sterling is predicted to continue to weaken/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its weakness, 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 1,32452

Resistance

Resistance 1 = 1,32935 Resistance 2 = 1,33185 Resistance 3 = 1,33668

Support

Support 1 = 1,32202 Support 2 = 1,31719 Support 3 = 1,31469

AUDUSD

[caption id="attachment_11619" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the Aussie movement is predicted to continue to weaken/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its weakening, 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 0,71356

Resistance

Resistance 1 = 0,71731 Resistance 2 = 0,71931 Resistance 3 = 0,72306

Support

Support 1 = 0,71156 Support 2 = 0,70781 Support 3 = 0,70581

GOLD

[caption id="attachment_11620" align="alignnone" width="1000"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding 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 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 1791,26

Resistance

Resistance 1 = 1797,79 Resistance 2 = 1806,88 Resistance 3 = 1813,41

Support

Support 1 = 1782,17 Support 2 = 1775,64 Support 3 = 1766,55

OIL

[caption id="attachment_11621" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of oil is predicted to continue to rise/Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its increase, 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 70,50

Resistance

Resistance 1 = 72,45 Resistance 2 = 73,48 Resistance 3 = 75,43

Support

Support 1 = 69,47 Support 2 = 67,52 Support 3 = 66,49

That's the explanation of "Technical Daily Analysis: December 22, 2021 - Bearish Market". Also read our other articles, such as Forex Robots VS Copy Trade, Explanation and Distribution Permits, 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.