Technical Daily Analysis: February 10, 2022 - Bullish Markets

The following is the daily technical analysis, February 10, 2022. 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_14342" align="alignnone" width="1008"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement is predicted 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 or even S3 levels. For details, please see below

Pivot Point

Pivot poin are at = 1,14239

Resistance

Resistance 1 = 1,14456 Resistance 2 = 1,14692 Resistance 3 = 1,14909

Support

Support 1 = 1,14003 Support 2 = 1,13786 Support 3 = 1,13550

USDCHF

[caption id="attachment_14341" align="alignnone" width="1004"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to weaken, the candle moves Bullish towards the level 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 = 0,92389

Resistance

Resistance 1 = 0,92566 Resistance 2 = 0,92716 Resistance 3 = 0,92893

Support

Support 1 = 0,92239 Support 2 = 0,92062 Support 3 = 0,91912

USDJPY

[caption id="attachment_14340" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement is predicted to weaken, the candle moves 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 = 115,509

Resistance

Resistance 1 = 115,701 Resistance 2 = 115,867 Resistance 3 = 116,059

Support

Support 1 = 115,543 Support 2 = 115,151 Support 3 = 114,985

GBPUSD

[caption id="attachment_14339" align="alignnone" width="1000"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted 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 = 1,35497

Resistance

Resistance 1 = 1,35730 Resistance 2 = 1,36119 Resistance 3 = 1,36352

Support

Support 1 = 1,35108 Support 2 = 1,34875 Support 3 = 1,34486

AUDUSD

[caption id="attachment_14343" align="alignnone" width="1000"] 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 = 0,71713

Resistance

Resistance 1 = 0,72013 Resistance 2 = 0,72241 Resistance 3 = 0,72541

Support

Support 1 = 0,71485 Support 2 = 0,71185 Support 3 = 0,70957

GOLD

[caption id="attachment_14338" align="alignnone" width="1000"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted 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 = 1830,99

Resistance

Resistance 1 = 1837,39 Resistance 2 = 1842,13 Resistance 3 = 1848,53

Support

Support 1 = 1826,25 Support 2 = 1819,85 Support 3 = 1815,11

OIL

[caption id="attachment_14337" align="alignnone" width="1008"] 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 = 89,66

Resistance

Resistance 1 = 90,93 Resistance 2 = 91,81 Resistance 3 = 93,08

Support

Support 1 = 88,78 Support 2 = 87,51 Support 3 = 86,63

That's the explanation of "Technical Daily Analysis: February 10, 2022 - Market Bullish". Also read our other articles, such as the explanation of the State Foreign Exchange, 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.