Technical Daily Analysis: February 15, 2022 - Bearish Market

The following is the daily technical analysis, February 15, 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_14655" 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, please see below

Pivot Point

Pivot poin are at = 1,13180

Resistance

Resistance 1 = 1,13564 Resistance 2 = 1,14070 Resistance 3 = 1,14454

Support

Support 1 = 1,12674 Support 2 = 1,12290 Support 3 = 1,11784

USDCHF

[caption id="attachment_14656" align="alignnone" width="1000"] 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, please see below

Pivot Point

Pivot poin are at = 0,92497

Resistance

Resistance 1 = 0,92623 Resistance 2 = 0,92842 Resistance 3 = 0,92968

Support

Support 1 = 0,92278 Support 2 = 0,92152 Support 3 = 0,91933

USDJPY

[caption id="attachment_14657" 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, please see below

Pivot Point

Pivot poin are at = 115,425

Resistance

Resistance 1 = 115,845 Resistance 2 = 116,162 Resistance 3 = 116,582

Support

Support 1 = 115,108 Support 2 = 114,688 Support 3 = 114,371

GBPUSD

[caption id="attachment_14658" align="alignnone" width="1000"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling 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 and even S3. For details, please see below

Pivot Point

Pivot poin are at = 1,35284

Resistance

Resistance 1 = 1,35621 Resistance 2 = 1,36053 Resistance 3 = 1,36350

Support

Support 1 = 1,34852 Support 2 = 1,34515 Support 3 = 1,34083

AUDUSD

[caption id="attachment_14659" align="alignnone" width="992"] 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 = 0,71208

Resistance

Resistance 1 = 0,71561 Resistance 2 = 0,71850 Resistance 3 = 0,72203

Support

Support 1 = 0,70919 Support 2 = 0,70566 Support 3 = 0,70277

GOLD

[caption id="attachment_14660" align="alignnone" width="996"] 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 = 1865,50

Resistance

Resistance 1 = 1880,27 Resistance 2 = 1888,85 Resistance 3 = 1903,62

Support

Support 1 = 1856,92 Support 2 = 1842,15 Support 3 = 1833,57

OIL

[caption id="attachment_14661" align="alignnone" width="996"] 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 = 94,24

Resistance

Resistance 1 = 96,39 Resistance 2 = 97,94 Resistance 3 = 100,09

Support

Support 1 = 92,69 Support 2 = 90,54 Support 3 = 88,99

That's the explanation of "Technical Daily Analysis: February 15, 2022 - Bearish Market". Also read our other articles, such as the explanation of Hidden Bullish Divergence, 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.