Technical Daily Analysis: February 22, 2022 - Bullish Market

The following is the daily technical analysis, February 22, 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_14840" align="alignnone" width="1004"] 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 = 1,13350

Resistance

Resistance 1 = 1,13638 Resistance 2 = 1,14189 Resistance 3 = 1,14477

Support

Support 1 = 1,12799 Support 2 = 1,12511 Support 3 = 1,11960

USDCHF

[caption id="attachment_14841" 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 = 0,91741

Resistance

Resistance 1 = 0,91985 Resistance 2 = 0,92402 Resistance 3 = 0,92646

Support

Support 1 = 0,91324 Support 2 = 0,91080 Support 3 = 0,90663

USDJPY

[caption id="attachment_14842" 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 = 114,854

Resistance

Resistance 1 = 114,994 Resistance 2 = 115,260 Resistance 3 = 115,400

Support

Support 1 = 114,588 Support 2 = 114,448 Support 3 = 114,182

GBPUSD

[caption id="attachment_14843" align="alignnone" width="996"] 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 = 1,36076

Resistance

Resistance 1 = 1,36302 Resistance 2 = 1,36604 Resistance 3 = 1,36830

Support

Support 1 = 1,35774 Support 2 = 1,35548 Support 3 = 1,35246

AUDUSD

[caption id="attachment_14844" 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 = 0,71923

Resistance

Resistance 1 = 0,72182 Resistance 2 = 0,72480 Resistance 3 = 0,72739

Support

Support 1 = 0,71625 Support 2 = 0,71366 Support 3 = 0,71068

GOLD

[caption id="attachment_14845" align="alignnone" width="1004"] 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 = 1899,71

Resistance

Resistance 1 = 1911,87 Resistance 2 = 1920,34 Resistance 3 = 1932,50

Support

Support 1 = 1891,24 Support 2 = 1879,08 Support 3 = 1870,61

OIL

[caption id="attachment_14846" align="alignnone" width="1004"] 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 = 91,59

Resistance

Resistance 1 = 94,13 Resistance 2 = 95,46 Resistance 3 = 98,00

Support

Support 1 = 90,26 Support 2 = 87,72 Support 3 = 86,39

That's the explanation of "Technical Daily Analysis: February 22, 2022 - Market Bullish". Also read our other articles, such as the explanation of the Candlestick Pattern, 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.