The following is the daily technical analysis, December 8, 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_10122" align="alignnone" width="988"]EURUSD 2021-12-08 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Euro 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 could move to the S1, S2 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 1,12643

Resistance

Resistance 1 = 1,13015 Resistance 2 = 1,13352 Resistance 3 = 1,13724

Support

Support 1 = 1,12306 Support 2 = 1,11934 Support 3 = 1,11597

USDCHF

[caption id="attachment_10123" align="alignnone" width="988"]USDCHF 2021-12-08 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Swiss Franc 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 0,92508

Resistance

Resistance 1 = 0,92713 Resistance 2 = 0,92949 Resistance 3 = 0,93154

Support

Support 1 = 0,92272 Support 2 = 0,92067 Support 3 = 0,91831

USDJPY

[caption id="attachment_10124" align="alignnone" width="996"]USDJPY 2021-12-08 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Yen is predicted to try to weaken/bear towards the levels 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 and even S3. For details, see below!

Pivot Point

Pivot poin are at 113,578

Resistance

Resistance 1 = 113,761 Resistance 2 = 113,957 Resistance 3 = 114,140

Support

Support 1 = 113,382 Support 2 = 113,199 Support 3 = 113,00

GBPUSD

[caption id="attachment_10125" align="alignnone" width="980"]GBPUSD 2021-12-08 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 1,32465

Resistance

Resistance 1 = 1,32845 Resistance 2 = 1,33266 Resistance 3 = 1,33646

Support

Support 1 = 1,32044 Support 2 = 1,31664 Support 3 = 1,31243

AUDUSD

[caption id="attachment_10126" align="alignnone" width="996"]AUDUSD 2021-12-08 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the Aussie 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 could move to the S1, S2 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 0,70932

Resistance

Resistance 1 = 0,71475 Resistance 2 = 0,71763 Resistance 3 = 0,72306

Support

Support 1 = 0,70644 Support 2 = 0,70101 Support 3 = 0,69813

GOLD

[caption id="attachment_10127" align="alignnone" width="992"]GOLD 2021-12-08 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of Gold 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 1781,30

Resistance

Resistance 1 = 1790,48 Resistance 2 = 1796,74 Resistance 3 = 1805,52

Support

Support 1 = 1775,04 Support 2 = 1765,86 Support 3 = 1759,60

OIL

[caption id="attachment_10128" align="alignnone" width="988"]OIL 2021-12-08 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discussing the movement of oil 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 71,45

Resistance

Resistance 1 = 73,26 Resistance 2 = 74,78 Resistance 3 = 76,59

Support

Support 1 = 69,93 Support 2 = 68,12 Support 3 = 66,60

That's the explanation of "Technical Daily Analysis: December 8, 2021 - Market Bullish". We also have other articles, such as BRI Transfer Limit, only in the GIC Journal. Make sure to download GICTrade Apps on the Google Play Store as well as the Apple App Store, to maximize your profits from forex trading.