The following is the daily technical analysis, February 16, 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_14704" align="alignnone" width="1000"]EURUSD 2022-02-16 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 = 1,13401

Resistance

Resistance 1 = 1,13852 Resistance 2 = 1,14128 Resistance 3 = 1,14579

Support

Support 1 = 1,13125 Support 2 = 1,12674 Support 3 = 1,12398

USDCHF

[caption id="attachment_14705" align="alignnone" width="996"]USDCHF 2022-02-16 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 = 0,92507

Resistance

Resistance 1 = 0,92753 Resistance 2 = 0,92982 Resistance 3 = 0,93228

Support

Support 1 = 0,92278 Support 2 = 0,92032 Support 3 = 0,91803

USDJPY

[caption id="attachment_14706" align="alignnone" width="1000"]USDJPY 2022-02-16 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 = 115,570

Resistance

Resistance 1 = 115,888 Resistance 2 = 116,186 Resistance 3 = 116,504

Support

Support 1 = 115,272 Support 2 = 114,954 Support 3 = 114,656

GBPUSD

[caption id="attachment_14707" align="alignnone" width="1004"]GBPUSD 2022-02-16 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted to continue to strengthen/bulish 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, please see below

Pivot Point

Pivot poin are at = 1,35288

Resistance

Resistance 1 = 1,35716 Resistance 2 = 1,36095 Resistance 3 = 1,36523

Support

Support 1 = 1,34909 Support 2 = 1,34481 Support 3 = 1,34102

AUDUSD

[caption id="attachment_14708" align="alignnone" width="1004"]AUDUSD 2022-02-16 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 = 0,71357

Resistance

Resistance 1 = 0,71704 Resistance 2 = 0,71905 Resistance 3 = 0,72252

Support

Support 1 = 0,71156 Support 2 = 0,70809 Support 3 = 0,70608

GOLD

[caption id="attachment_14709" align="alignnone" width="1004"]GOLD 2022-02-16 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted 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 or even R3. For details, please see below

Pivot Point

Pivot poin are at = 1859,03

Resistance

Resistance 1 = 1873,61 Resistance 2 = 1894,00 Resistance 3 = 1908,58

Support

Support 1 = 1838,64 Support 2 = 1824,06 Support 3 = 1803,67

OIL

[caption id="attachment_14710" align="alignnone" width="996"]OIL 2022-02-16 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to rise/Bullish towards the level 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 = 92,57

Resistance

Resistance 1 = 94,50 Resistance 2 = 97,07 Resistance 3 = 99,00

Support

Support 1 = 90,00 Support 2 = 88,07 Support 3 = 85,50

That's the explanation of "Technical Daily Analysis: February 16, 2022 - Bullish Market". Also read our other articles, such as the explanation of Government Bonds, 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.