Technical Daily Analysis: January 18, 2022 - Dollar Strengthens

The following is the daily technical analysis, January 18, 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_13114" align="alignnone" width="988"] 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 1,14103

Resistance

Resistance 1 = 1,14293 Resistance 2 = 1,14530 Resistance 3 = 1,14720

Support

Support 1 = 1,13866 Support 2 = 1,13676 Support 3 = 1,13439

USDCHF

[caption id="attachment_13113" align="alignnone" width="984"] 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 0,91397

Resistance

Resistance 1 = 0,91595 Resistance 2 = 0,91784 Resistance 3 = 0,91982

Support

Support 1 = 0,91208 Support 2 = 0,91010 Support 3 = 0,90821

USDJPY

[caption id="attachment_13112" 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 114,458

Resistance

Resistance 1 = 114,796 Resistance 2 = 114,984 Resistance 3 = 115,322

Support

Support 1 = 114,270 Support 2 = 113,932 Support 3 = 113,744

GBPUSD

[caption id="attachment_13111" 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 1,36570

Resistance

Resistance 1 = 1,36771 Resistance 2 = 1,37094 Resistance 3 = 1,37295

Support

Support 1 = 1,36247 Support 2 = 1,36046 Support 3 = 1,35723

AUDUSD

[caption id="attachment_13110" 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 0,72114

Resistance

Resistance 1 = 0,72277 Resistance 2 = 0,72452 Resistance 3 = 0,72615

Support

Support 1 = 0,71939 Support 2 = 0,71776 Support 3 = 0,71601

GOLD

[caption id="attachment_13109" align="alignnone" width="980"] 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 1818,27

Resistance

Resistance 1 = 1823,49 Resistance 2 = 1828,30 Resistance 3 = 1833,52

Support

Support 1 = 1813,46 Support 2 = 1808,24 Support 3 = 1803,43

OIL

[caption id="attachment_13108" align="alignnone" width="984"] 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 84,16

Resistance

Resistance 1 = 84,84 Resistance 2 = 85,43 Resistance 3 = 86,11

Support

Support 1 = 83,57 Support 2 = 82,89 Support 3 = 82,30

That's the explanation of "Daily Technical Analysis: January 18, 2022 - Dollar strengthens". 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.