Technical Daily Analysis: January 06, 2021 - Bearish Market

The following is the daily technical analysis, January 06, 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_12634" align="alignnone" width="976"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement is predicted to try to weaken/bear 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 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 1,13115.

Resistance

Resistance 1 = 1,13463 Resistance 2 = 1,13809 Resistance 3 = 1,14157

Support

Support 1 = 1,12769 Support 2 = 1,12421 Support 3 = 1,12075

USDCHF

[caption id="attachment_12633" align="alignnone" width="980"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to try 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 could move to the S1, S2 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 0,91606.

Resistance

Resistance 1 = 0,91807 Resistance 2 = 0,92034 Resistance 3 = 0,92235

Support

Support 1 = 0,91379 Support 2 = 0,91178 Support 3 = 0,90951

USDJPY

[caption id="attachment_12632" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement is predicted to try 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 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 115,975.

Resistance

Resistance 1 = 116,334 Resistance 2 = 116,597 Resistance 3 = 116,956

Support

Support 1 = 115,712 Support 2 = 115,353 Support 3 = 115,090

GBPUSD

[caption id="attachment_12635" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted to try to weaken/bear 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 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 1,35578.

Resistance

Resistance 1 = 1,35937 Resistance 2 = 1,36338 Resistance 3 = 1,36697

Support

Support 1 = 1,35177 Support 2 = 1,34818 Support 3 = 1,34417

AUDUSD

[caption id="attachment_12631" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Aussie movement is predicted to try to weaken/bear 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 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 0,72355.

Resistance

Resistance 1 = 0,72561 Resistance 2 = 0,72924 Resistance 3 = 0,73130

Support

Support 1 = 0,71992 Support 2 = 0,71786 Support 3 = 0,71423

GOLD

[caption id="attachment_12630" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted to try to weaken/bear towards the R1, R2 and even R3 levels, but if it cannot continue its strengthening, it will return to the pivot level or may move to the S1, S2 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 1815,79.

Resistance

Resistance 1 = 1823,40 Resistance 2 = 1837,14 Resistance 3 = 1844,75

Support

Support 1 = 1802,05 Support 2 = 1794,44 Support 3 = 1780,70

OIL

[caption id="attachment_12629" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to try to weaken/bear 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 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 77,39.

Resistance

Resistance 1 = 78,28 Resistance 2 = 79,45 Resistance 3 = 80,34

Support

Support 1 = 76,22 Support 2 = 75,33 Support 3 = 74,16

That's the explanation of "Technical Daily Analysis: January 06, 2022 - Bearish Market". Also read our other articles, such as Crowdfunding: Definition, How It Works, & Benefits, 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.