The following is the daily technical analysis, February 23, 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

EURUSD 2022-02-23 at 11.32.26 AM Daily technical analysis of the movement of the Euro 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 = 1,13262

Resistance

Resistance 1 = 1,13649 Resistance 2 = 1,14049 Resistance 3 = 1,14436

Support

Support 1 = 1,12862 Support 2 = 1,12475 Support 3 = 1,12075

USDCHF

USDCHF 2022-02-23 at 11.32.26 AM Daily technical analysis of Swiss Franch'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 and even S3. For details, see below!

Pivot Point

Pivot poin are at = 0,91981

Resistance

Resistance 1 = 0,92455 Resistance 2 = 0,92745 Resistance 3 = 0,93219

Support

Support 1 = 0,91691 Support 2 = 0,91217 Support 3 = 0,90927

USDJPY

USDJPY 2022-02-23 at 11.32.27 AM Daily technical analysis of the movement of the Yen 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 or even S3. For details, see below!

Pivot Point

Pivot poin are at = 114,934

Resistance

Resistance 1 = 115,374 Resistance 2 = 115,676 Resistance 3 = 116,116

Support

Support 1 = 114,632 Support 2 = 114,192 Support 3 = 113,890

GBPUSD

GBPUSD 2022-02-23 at 11.32.28 AM 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 weakening, it will return to the Pivot level or it may move to the level of R1, R2 or even R3. For details, see below!

Pivot Point

Pivot poin are at = 1,35759

Resistance

Resistance 1 = 1,36138 Resistance 2 = 1,36423 Resistance 3 = 1,36802

Support

Support 1 = 0,,95474 Support 2 = 0,95095 Support 3 = 0,94810

AUDUSD

AUDUSD 2022-02-23 at 11.32.29 AM Daily technical analysis of the Aussie movement 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 or even S3. For details, see below!

Pivot Point

Pivot poin are at = 0,72076

Resistance

Resistance 1 = 0,72438 Resistance 2 = 0,72692 Resistance 3 = 0,73054

Support

Support 1 = 0,71822 Support 2 = 0,71460 Support 3 = 0,71206

GOLD

GOLD 2022-02-23 at 11.32.30 AM Daily technical analysis of the movement of Gold is predicted to decrease/Bearish towards the level 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, see below!

Pivot Point

Pivot poin are at = 1901,51

Resistance

Resistance 1 = 1911,69 Resistance 2 = 1924,12 Resistance 3 = 1934,30

Support

Support 1 = 1889,08 Support 2 = 1878,90 Support 3 = 1866,47

OIL

OIL 2022-02-23 at 11.32.30 AM Daily technical analysis of oil movements is predicted to decline/Bearish towards the level 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, see below!

Pivot Point

Pivot poin are at = 92,43

Resistance

Resistance 1 = 93,83 Resistance 2 = 96,31 Resistance 3 = 97,71

Support

Support 1 = 89,95 Support 2 = 88,55 Support 3 = 86,07

That's the explanation of "Technical Daily Analysis: February 23, 2022 - Bearish Market". 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.