Technical Daily Analysis: March 10, 2022 - Dollar Weakens

The following is the daily technical analysis, March 10, 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_15610" 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 = 1,10197

Resistance

Resistance 1 = 1,11499 Resistance 2 = 1,12247 Resistance 3 = 1,13549

Support

Support 1 = 1,09449 Support 2 = 1,08147 Support 3 = 1,07399

USDCHF

[caption id="attachment_15609" align="alignnone" width="992"] 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 = 0,92718

Resistance

Resistance 1 = 0,92940 Resistance 2 = 0,93242 Resistance 3 = 0,93464

Support

Support 1 = 0,92416 Support 2 = 0,92194 Support 3 = 0,91892

USDJPY

[caption id="attachment_15608" align="alignnone" width="995"] 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, please see below

Pivot Point

Pivot poin are at = 115,784

Resistance

Resistance 1 = 116,014 Resistance 2 = 116,167 Resistance 3 = 116,397

Support

Support 1 = 115,631 Support 2 = 115,401 Support 3 = 115,248

GBPUSD

[caption id="attachment_15607" align="alignnone" width="992"] 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 = 1,31545

Resistance

Resistance 1 = 1,32211 Resistance 2 = 1,32560 Resistance 3 = 1,33226

Support

Support 1 = 1,31196 Support 2 = 1,30530 Support 3 = 1,30181

AUDUSD

[caption id="attachment_15606" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Aussie 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 and even S3 levels. For details, please see below

Pivot Point

Pivot poin are at = 0,73071

Resistance

Resistance 1 = 0,73516 Resistance 2 = 0,73811 Resistance 3 = 0,74256

Support

Support 1 = 0,72776 Support 2 = 0,72331 Support 3 = 0,72036

GOLD

[caption id="attachment_15605" align="alignnone" width="996"] 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 = 2009,81

Resistance

Resistance 1 = 2043,83 Resistance 2 = 2093,09 Resistance 3 = 2127,11

Support

Support 1 = 1960,55 Support 2 = 1926,53 Support 3 = 1877,27

OIL

[caption id="attachment_15604" 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 = 114,98

Resistance

Resistance 1 = 126,16 Resistance 2 = 137,97 Resistance 3 = 149,15

Support

Support 1 = 103,17 Support 2 = 91,99 Support 3 = 80,18

That's the explanation of "Technical Daily Analysis: March 10, 2022 - Dollar Weakens". Also read our other articles, such as the explanation of the Triangle Pattern, 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.