Technical Daily Analysis: December 31, 2021 - Bullish Market

The following is the daily technical analysis, December 31, 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_12504" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement is predicted to continue 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 R1, R2 and even R3 levels. For details, please see below

Pivot Point

Pivot poin are at 1,13275

Resistance

Resistance 1 = 1,13569 Resistance 2 = 1,13888 Resistance 3 = 1,14182

Support

Support 1 = 1,12956 Support 2 = 1,12662 Support 3 = 1,12343

USDCHF

[caption id="attachment_12505" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to strengthen/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its strengthening, it will return to the Pivot level or it could move to the R1, R2 and even R3 levels. For details, please see below

Pivot Point

Pivot poin are at 0,91477

Resistance

Resistance 1 = 0,91642 Resistance 2 = 0,91970 Resistance 3 = 0,92135

Support

Support 1 = 0,91149 Support 2 = 0,90984 Support 3 = 0,90656

USDJPY

[caption id="attachment_12506" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement is predicted 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 or even S3. For details, please see below

Pivot Point

Pivot poin are at 115,052

Resistance

Resistance 1 = 115,212 Resistance 2 = 115,364 Resistance 3 = 115,524

Support

Support 1 = 114,900 Support 2 = 114,740 Support 3 = 114,588

GBPUSD

[caption id="attachment_12507" align="alignnone" width="987"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound sterlings is predicted to strengthen/Bullish towards the level of R1, R2 and even R3, but if it cannot continue its strengthening, 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 1,34907

Resistance

Resistance 1 = 1,35277 Resistance 2 = 1,35584 Resistance 3 = 1,35954

Support

Support 1 = 1,34600 Support 2 = 1,34230 Support 3 = 1,33923

AUDUSD

[caption id="attachment_12508" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Aussie movement is predicted 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 0,72556

Resistance

Resistance 1 = 0,72693 Resistance 2 = 0,72890 Resistance 3 = 0,73027

Support

Support 1 = 0,72359 Support 2 = 0,72222 Support 3 = 0,72025

GOLD

[caption id="attachment_12509" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted to continue to rise/Bullish towards the level 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 R1, R2 or even R3. For details, please see below

Pivot Point

Pivot poin are at 1809,54

Resistance

Resistance 1 = 1823,00 Resistance 2 = 1830,54 Resistance 3 = 1844,00

Support

Support 1 = 1802,00 Support 2 = 1788,54 Support 3 = 1781,00

OIL

[caption id="attachment_12510" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to decrease/Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its decline, it will return to the Pivot level or it may move to the level of R1, R2 or even R3. For details, please see below

Pivot Point

Pivot poin are at 76,54

Resistance

Resistance 1 = 77,33 Resistance 2 = 78,20 Resistance 3 = 78,99

Support

Support 1 = 75,67 Support 2 = 74,88 Support 3 = 74,01

That's the explanation of "Technical Daily Analysis: December 31, 2021 - Bullish Market". Also read our other articles, such as Trading Psychology, How to Train and Master the Trading Market, only in 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.