Technical Daily Analysis: January 17, 2022 - Bearish Market

The following is the daily technical analysis, January 17, 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_13099" align="alignnone" width="984"] 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 1,14309

Resistance

Resistance 1 = 1,14638 Resistance 2 = 1,15152 Resistance 3 = 1,15481

Support

Support 1 = 1,13795 Support 2 = 1,13466 Support 3 = 1,12952

USDCHF

[caption id="attachment_13098" align="alignnone" width="988"] 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 0,91242

Resistance

Resistance 1 = 0,91544 Resistance 2 = 0,91714 Resistance 3 = 0,92016

Support

Support 1 = 0,91072 Support 2 = 0,90770 Support 3 = 0,90600

USDJPY

[caption id="attachment_13097" align="alignnone" width="984"] 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 114,000

Resistance

Resistance 1 = 114,521 Resistance 2 = 114,782 Resistance 3 = 115,303

Support

Support 1 = 113,739 Support 2 = 113,218 Support 3 = 112,957

GBPUSD

[caption id="attachment_13096" 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 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 1,36910

Resistance

Resistance 1 = 1,37291 Resistance 2 = 1,37806 Resistance 3 = 1,38187

Support

Support 1 = 1,36395 Support 2 = 1,36014 Support 3 = 1,35499

AUDUSD

[caption id="attachment_13095" align="alignnone" width="988"] 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 0,72356

Resistance

Resistance 1 = 0,72733 Resistance 2 = 0,73309 Resistance 3 = 0,73686

Support

Support 1 = 0,71780 Support 2 = 0,71403 Support 3 = 0,70827

GOLD

[caption id="attachment_13094" align="alignnone" width="984"] 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 1820,19

Resistance

Resistance 1 = 1825,81 Resistance 2 = 1834,69 Resistance 3 = 1840,31

Support

Support 1 = 1811,31 Support 2 = 1805,69 Support 3 = 1796,81

OIL

[caption id="attachment_13093" align="alignnone" width="980"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements 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 83,37

Resistance

Resistance 1 = 85,18 Resistance 2 = 86,11 Resistance 3 = 87,92

Support

Support 1 = 82,44 Support 2 = 80,63 Support 3 = 79,70

That's the explanation of "Daily Technical Analysis: January 17, 2022 - Bearish Market". Also read our other articles, such as Gross Domestic Product: Definition, to Methodology, 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.