Technical Daily Analysis: January 24, 2022 - Dollar Strengthens

The following is the daily technical analysis, January 24, 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_13354" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement is predicted 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 or even S3 levels. For details, please see below.

Pivot Point

Pivot poin are at 1,13341

Resistance

Resistance 1 = 1,13677 Resistance 2 = 1,13929 Resistance 3 = 1,14265

Support

Support 1 = 1,13089 Support 2 = 1,12753 Support 3 = 1,12501

USDCHF

[caption id="attachment_13355" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to strengthen, the candle moves Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its strengthening, it will return to the Pivot level or it may move to the level of R1, R2 and even R3. For details, please see below.

Pivot Point

Pivot poin are at 0,91337

Resistance

Resistance 1 = 0,91602 Resistance 2 = 0,91980 Resistance 3 = 0,92245

Support

Support 1 = 0,90959 Support 2 = 0,90694 Support 3 = 0,90316

USDJPY

[caption id="attachment_13356" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement is predicted to strengthen, the candle moves Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its strengthening, it will return to the Pivot level or it may move to the R1, R2 and even R3 levels. For details, please see below.

Pivot Point

Pivot poin are at 113,799

Resistance

Resistance 1 = 113,998 Resistance 2 = 114,344 Resistance 3 = 114,543

Support

Support 1 = 113,453 Support 2 = 113,254 Support 3 = 112,908

GBPUSD

[caption id="attachment_13357" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted to weaken/Bearish towards the levels 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, please see below,

Pivot Point

Pivot poin are at 1,35673

Resistance

Resistance 1 = 1,35895 Resistance 2 = 1,36238 Resistance 3 = 1,36460

Support

Support 1 = 1,35330 Support 2 = 1,35108 Support 3 = 1,34765

AUDUSD

[caption id="attachment_13358" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Aussie movement is predicted to weaken/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its weakening, it will return to the Pivot level or it may move to the R1, R2 and even R3 levels. For details, please see below,

Pivot Point

Pivot poin are at 0,71913

Resistance

Resistance 1 = 0,72117 Resistance 2 = 0,72488 Resistance 3 = 0,72692

Support

Support 1 = 0,71542 Support 2 = 0,71338 Support 3 = 0,70967

GOLD

[caption id="attachment_13359" align="alignnone" width="980"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted to decline/Bearish towards the levels 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, please see below.

Pivot Point

Pivot poin are at 1834,17

Resistance

Resistance 1 = 1839,92 Resistance 2 = 1848,87 Resistance 3 = 1854,62

Support

Support 1 = 1825,22 Support 2 = 1819,47 Support 3 = 1810,52

OIL

[caption id="attachment_13360" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to decrease/Bearish towards the levels 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, please see below.

Pivot Point

Pivot poin are at 84,35

Resistance

Resistance 1 = 85,93 Resistance 2 = 87,12 Resistance 3 = 88,70

Support

Support 1 = 83,16 Support 2 = 81,58 Support 3 = 80,39

That's the explanation of "Technical Daily Analysis: January 24, 2022 - Dollar Strengthens". Also read our other articles, such as the Complete Forex Trading Pattern Chart, Get to Know It!, 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.