Technical Daily Analysis: January 28, 2022 - Bearish Market

The following is the daily technical analysis, January 28, 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_13723" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement 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, see below!

Pivot Point

Pivot poin are at 1,11726

Resistance

Resistance 1 = 1,12144 Resistance 2 = 1,12846 Resistance 3 = 1,13264

Support

Support 1 = 1,11024 Support 2 = 1,10606 Support 3 = 1,09904

USDCHF

[caption id="attachment_13724" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to weaken, the candle moves Bullish towards the level of R1, R2 and even R3, but if it cannot continue its weakness, it will return to the Pivot level or it may move to the level of S1, S2 and even S3. For details, see below!

Pivot Point

Pivot poin are at 0,92882

Resistance

Resistance 1 = 0,93520 Resistance 2 = 0,94009 Resistance 3 = 0,94647

Support

Support 1 = 0,92393 Support 2 = 0,91755 Support 3 = 0,91266

USDJPY

[caption id="attachment_13725" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement is predicted to weaken, the candle moves Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its weakness, it will return to the Pivot level or it may move to the level of S1, S2 or even S3. For details, see below!

Pivot Point

Pivot poin are at 115,103

Resistance

Resistance 1 = 115,736 Resistance 2 = 116,117 Resistance 3 = 116,750

Support

Support 1 = 114,722 Support 2 = 114,089 Support 3 = 113,708

GBPUSD

[caption id="attachment_13726" 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, see below!

Pivot Point

Pivot poin are at 1,34012

Resistance

Resistance 1 = 1,34450 Resistance 2 = 1,35113 Resistance 3 = 1,35551

Support

Support 1 = 1,33349 Support 2 = 1,32911 Support 3 = 1,32248

AUDUSD

[caption id="attachment_13727" align="alignnone" width="996"] 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, see below!

Pivot Point

Pivot poin are at 0,70590

Resistance

Resistance 1 = 0,70947 Resistance 2 = 0,71565 Resistance 3 = 0,71922

Support

Support 1 = 0,69972 Support 2 = 0,69615 Support 3 = 0,68997

GOLD

[caption id="attachment_13728" align="alignnone" width="988"] 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, see below!

Pivot Point

Pivot poin are at 1803,32

Resistance

Resistance 1 = 1814,91 Resistance 2 = 1833,64 Resistance 3 = 1845,23

Support

Support 1 = 1784,53 Support 2 = 1773,00 Support 3 = 1754,27

OIL

[caption id="attachment_13729" 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, see below!

Pivot Point

Pivot poin are at 87,27

Resistance

Resistance 1 = 88,35 Resistance 2 = 89,60 Resistance 3 = 90,68

Support

Support 1 = 86,02 Support 2 = 84,94 Support 3 = 83,69

That's the explanation of "Technical Daily Analysis: January 28, 2022 - Bearish Market". Also read our other articles, such as The Advantages of Investing in Gold in Various Platforms, 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.