Technical Daily Analysis: February 14, 2022 - Bearish Market

The following is the daily technical analysis, February 14, 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_14429" align="alignnone" width="1000"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement 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, see below!

Pivot Point

Pivot poin are at = 1,13692.

Resistance

Resistance 1 = 1,14090 Resistance 2 = 1,14693 Resistance 3 = 1,15091

Support

Support 1 = 1,13089 Support 2 = 1,12691 Support 3 = 1,12088

USDCHF

[caption id="attachment_14428" align="alignnone" width="1004"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to strengthen, the candle moves Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its strengthening, it will return to the Pivot level or it may move to the level of R1, R2 and even R3. For details, see below!

Pivot Point

Pivot poin are at = 0,92544.

Resistance

Resistance 1 = 0,92721 Resistance 2 = 0,93043 Resistance 3 = 0,93220

Support

Support 1 = 0,92222 Support 2 = 0,92045 Support 3 = 0,91723

USDJPY

[caption id="attachment_14430" align="alignnone" width="1000"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement is predicted to strengthen, the candle moves 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 may move to the R1, R2 and even R3 levels. For details, see below!

Pivot Point

Pivot poin are at = 115,490.

Resistance

Resistance 1 = 115,971 Resistance 2 = 116,652 Resistance 3 = 117,133

Support

Support 1 = 114,809 Support 2 = 114,328 Support 3 = 113,647

GBPUSD

[caption id="attachment_14431" align="alignnone" width="1004"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted to weaken/bearish, towards the level 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, see below!

Pivot Point

Pivot poin are at = 1,35603.

Resistance

Resistance 1 = 1,36072 Resistance 2 = 1,36558 Resistance 3 = 1,37027

Support

Support 1 = 1,35117 Support 2 = 1,34648 Support 3 = 1,34162

AUDUSD

[caption id="attachment_14434" align="alignnone" width="1004"] 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, see below!

Pivot Point

Pivot poin are at = 0,71431.

Resistance

Resistance 1 = 0,71780 Resistance 2 = 0,72195 Resistance 3 = 0,72544

Support

Support 1 = 0,71016 Support 2 = 0,70667 Support 3 = 0,70252

GOLD

[caption id="attachment_14432" align="alignnone" width="1000"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold 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, see below!

Pivot Point

Pivot poin are at =1849,62.

Resistance

Resistance 1 = 1878,38 Resistance 2 = 1894,12 Resistance 3 = 1922,88

Support

Support 1 = 1833,88 Support 2 = 1805,12 Support 3 = 1789,38

OIL

[caption id="attachment_14433" align="alignnone" width="1004"] 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 and even S3. For details, see below!

Pivot Point

Pivot poin are at = 92,55.

Resistance

Resistance 1 = 95,93 Resistance 2 = 98,02 Resistance 3 = 101,40

Support

Support 1 = 90,46 Support 2 = 87,08 Support 3 = 84,99

That's the explanation of "Technical Daily Analysis: February 14, 2022 - Bearish Market". Also read our other articles, such as Bullish and Bearish explanations, 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.