Technical Daily Analysis: December 7, 2021 - Bearish Market

The following is the daily technical analysis, December 7, 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_10026" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement is predicted to continue to weaken/Bearish towards the level of S1, S2 and even S3, but if it cannot continue its weakening, 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 1,12869

Resistance

Resistance 1 = 1,13079 Resistance 2 = 1,13314 Resistance 3 = 1,13524

Support

Support 1 = 1,12634 Support 2 = 1,12424 Support 3 = 1,12189

USDCHF

[caption id="attachment_10025" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Swiss Franc movement 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 0,92936

Resistance

Resistance 1 = 0,92936 Resistance 2 = 0,93323 Resistance 3 = 0,93961

Support

Support 1 = 0,91911 Support 2 = 0,91273 Support 3 = 0,90886

USDJPY

[caption id="attachment_10024" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement 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 or even S3. For details, please see below

Pivot Point

Pivot poin are at 113,283

Resistance

Resistance 1 = 113,746 Resistance 2 = 114,009 Resistance 3 = 114,472

Support

Support 1 = 113,020 Support 2 = 112,557 Support 3 = 112,294

GBPUSD

[caption id="attachment_10023" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted to continue to weaken/Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its weakening, 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 1,32538

Resistance

Resistance 1 = 1,32953 Resistance 2 = 1,33272 Resistance 3 = 1,33687

Support

Support 1 = 1,32219 Support 2 = 1,31804 Support 3 = 1,31485

AUDUSD

[caption id="attachment_10022" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Aussie movement is predicted to continue to weaken/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 0,70333

Resistance

Resistance 1 = 0,70718 Resistance 2 = 0,70924 Resistance 3 = 0,71309

Support

Support 1 = 0,70127 Support 2 = 0,69742 Support 3 = 0,69536

GOLD

[caption id="attachment_10027" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of 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 decline, 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 1780,72

Resistance

Resistance 1 = 1785,55 Resistance 2 = 1792,46 Resistance 3 = 1797,29

Support

Support 1 = 1773,81 Support 2 = 1768,98 Support 3 = 1762,07

OIL

[caption id="attachment_10021" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements 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 68,94

Resistance

Resistance 1 = 71,11 Resistance 2 = 72,29 Resistance 3 = 74,46

Support

Support 1 = 67,76 Support 2 = 65,59 Support 3 = 64,41

That's the explanation of "Technical Daily Analysis: December 7, 2021 - Bearish Market". Also read our other articles, such as BRI Transfer Limit & "Stakeholders: Definition, Duties, Roles, and Types", 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.