Technical Daily Analysis: January 11, 2022 - Bullish Market

The following is the daily technical analysis, January 11, 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_12817" align="alignnone" width="980"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro'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 1,13241

Resistance

Resistance 1 = 1,13635 Resistance 2 = 1,13994 Resistance 3 = 1,14388

Support

Support 1 = 1,12882 Support 2 = 1,12488 Support 3 = 1,12129

USDCHF

[caption id="attachment_12816" align="alignnone" width="982"] 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 0,92429

Resistance

Resistance 1 = 0,93034 Resistance 2 = 0,93352 Resistance 3 = 0,93957

Support

Support 1 = 0,92111 Support 2 = 0,91506 Support 3 = 0,91188

USDJPY

[caption id="attachment_12815" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen'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 115,358

Resistance

Resistance 1 = 115,677 Resistance 2 = 116,165 Resistance 3 = 116,484

Support

Support 1 = 114,870 Support 2 = 114,551 Support 3 = 114,063

GBPUSD

[caption id="attachment_12814" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling 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 1,35702

Resistance

Resistance 1 = 1,36087 Resistance 2 = 1,36417 Resistance 3 = 1,36802

Support

Support 1 = 1,35372 Support 2 = 1,34987 Support 3 = 1,34657

AUDUSD

[caption id="attachment_12813" 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 0,71746

Resistance

Resistance 1 = 0,72010 Resistance 2 = 0,72283 Resistance 3 = 0,72547

Support

Support 1 = 0,71473 Support 2 = 0,71209 Support 3 = 0,70936

GOLD

[caption id="attachment_12818" align="alignnone" width="972"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold 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 1798,04

Resistance

Resistance 1 = 1805,81 Resistance 2 = 1810,01 Resistance 3 = 1817,78

Support

Support 1 = 1793,84 Support 2 = 1786,07 Support 3 = 1781,87

OIL

[caption id="attachment_12819" align="alignnone" width="980"] 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 78,54

Resistance

Resistance 1 = 79,26 Resistance 2 = 80,15 Resistance 3 = 80,87

Support

Support 1 = 77,65 Support 2 = 76,93 Support 3 = 76,04

That's the explanation of "Technical Daily Analysis: January 11, 2022 - Market Bullish". 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.