The following is the daily technical analysis, February 21, 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_14818" align="alignnone" width="996"]EURUSD 2022-02-21 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 = 1,13393

Resistance

Resistance 1 = 1,13642 Resistance 2 = 1,14015 Resistance 3 = 1,14264

Support

Support 1 = 1,13020 Support 2 = 1,12771 Support 3 = 1,12398

USDCHF

[caption id="attachment_14817" align="alignnone" width="984"]USDCHF 2022-02-21 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 = 0,92065

Resistance

Resistance 1 = 0,92220 Resistance 2 = 0,92333 Resistance 3 = 0,92488

Support

Support 1 = 0,91952 Support 2 = 0,91797 Support 3 = 0,91684

USDJPY

[caption id="attachment_14816" align="alignnone" width="992"]USDJPY 2022-02-21 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 = 115,045

Resistance

Resistance 1 = 115,305 Resistance 2 = 115,553 Resistance 3 = 115,813

Support

Support 1 = 114,797 Support 2 = 114,537 Support 3 = 114,289

GBPUSD

[caption id="attachment_14815" align="alignnone" width="988"]GBPUSD 2022-02-21 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 = 1,36051

Resistance

Resistance 1 = 1,36375 Resistance 2 = 1,36749 Resistance 3 = 1,37073

Support

Support 1 = 1,35677 Support 2 = 1,35353 Support 3 = 1,34979

AUDUSD

[caption id="attachment_14814" align="alignnone" width="988"]AUDUSD 2022-02-21 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Aussie 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 = 0,71907

Resistance

Resistance 1 = 0,72169 Resistance 2 = 0,72536 Resistance 3 = 0,72798

Support

Support 1 = 0,71540 Support 2 = 0,71278 Support 3 = 0,70911

GOLD

[caption id="attachment_14813" align="alignnone" width="992"]GOLD 2022-02-21 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 = 1895,36

Resistance

Resistance 1 = 1904,22 Resistance 2 = 1911,24 Resistance 3 = 1920,10

Support

Support 1 = 1888,34 Support 2 = 1879,48 Support 3 = 1872,46

OIL

[caption id="attachment_14812" align="alignnone" width="1000"]OIL 2022-02-21 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 = 91,12

Resistance

Resistance 1 = 93,24 Resistance 2 = 94,75 Resistance 3 = 96,87

Support

Support 1 = 89,61 Support 2 = 87,49 Support 3 = 85,98

That's the explanation of "Technical Daily Analysis: February 21, 2022 - Bearish Market". Also read our other articles, such as the Bearish explanation, 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.