The following is the daily technical analysis, January 31, 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_13755" align="alignnone" width="992"]EURUSD 2022-01-31 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement is predicted to weaken/Bearish 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 R1, R2 or even R3 level. For details, please see below

Pivot Point

Pivot poin are at 1,11469

Resistance

Resistance 1 = 1,11728 Resistance 2 = 1,11991 Resistance 3 = 1,12250

Support

Support 1 = 1,11206 Support 2 = 1,10947 Support 3 = 1,10684

USDCHF

[caption id="attachment_13756" align="alignnone" width="992"]USDCHF 2022-01-31 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, please see below

Pivot Point

Pivot poin are at 0,93098

Resistance

Resistance 1 = 0,93303 Resistance 2 = 0,93493 Resistance 3 = 0,93698

Support

Support 1 = 0,92908 Support 2 = 0,92703 Support 3 = 0,92513

USDJPY

[caption id="attachment_13757" align="alignnone" width="996"]USDJPY 2022-01-31 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 115,338

Resistance

Resistance 1 = 115,558 Resistance 2 = 115,901 Resistance 3 = 116,121

Support

Support 1 = 114,995 Support 2 = 114,775 Support 3 = 114,432

GBPUSD

[caption id="attachment_13758" align="alignnone" width="996"]GBPUSD 2022-01-31 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted to strengthen/Bullish towards the level of R1, R2 and even R3, but if it cannot continue its strengthening, it will return to the Pivot level or it may move to the level of S1, S2 and even S3. For details, please see below

Pivot Point

Pivot poin are at 1,33979

Resistance

Resistance 1 = 1,34310 Resistance 2 = 1,34655 Resistance 3 = 1,34986

Support

Support 1 = 1,33634 Support 2 = 1,33303 Support 3 = 1,32958

AUDUSD

[caption id="attachment_13759" align="alignnone" width="992"]AUDUSD 2022-01-31 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 0,70014

Resistance

Resistance 1 = 0,70361 Resistance 2 = 0,70798 Resistance 3 = 0,71145

Support

Support 1 = 0,69577 Support 2 = 0,69230 Support 3 = 0,68793

GOLD

[caption id="attachment_13760" align="alignnone" width="988"]GOLD 2022-01-31 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 1789,77

Resistance

Resistance 1 = 1799,38 Resistance 2 = 1808,92 Resistance 3 = 1818,53

Support

Support 1 = 1780,23 Support 2 = 1770,62 Support 3 = 1761,08

OIL

[caption id="attachment_13761" align="alignnone" width="996"]OIL 2022-01-31 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 87,50

Resistance

Resistance 1 = 88,58 Resistance 2 = 89,89 Resistance 3 = 90,97

Support

Support 1 = 86,19 Support 2 = 85,11 Support 3 = 83,80

That's the explanation of "Technical Daily Analysis: January 31, 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.