Technical Daily Analysis: March 11, 2022 - Dollar Strengthens

The following is the daily technical analysis, March 11, 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_15730" 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, please see below

Pivot Point

Pivot poin are at = 1,10282

Resistance

Resistance 1 = 1,10808 Resistance 2 = 1,11732 Resistance 3 = 1,12258

Support

Support 1 = 1,09358 Support 2 = 1,08832 Support 3 = 1,07908

USDCHF

[caption id="attachment_15729" align="alignnone" width="996"] 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 = 0,92867

Resistance

Resistance 1 = 0,93219 Resistance 2 = 0,93437 Resistance 3 = 0,93789

Support

Support 1 = 0,92649 Support 2 = 0,92297 Support 3 = 0,92079

USDJPY

[caption id="attachment_15728" align="alignnone" width="1000"] 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 = 116,037

Resistance

Resistance 1 = 116,278 Resistance 2 = 116,432 Resistance 3 = 116,673

Support

Support 1 = 115,883 Support 2 = 115,642 Support 3 = 115,488

GBPUSD

[caption id="attachment_15727" align="alignnone" width="980"] 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 = 1,31194

Resistance

Resistance 1 = 1,31576 Resistance 2 = 1,32323 Resistance 3 = 1,32705

Support

Support 1 = 1,30447 Support 2 = 1,30065 Support 3 = 1,29318

AUDUSD

[caption id="attachment_15726" align="alignnone" width="976"] 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 = 0,73371

Resistance

Resistance 1 = 0,73872 Resistance 2 = 0,74172 Resistance 3 = 0,74673

Support

Support 1 = 0,73071 Support 2 = 0,72570 Support 3 = 0,72270

GOLD

[caption id="attachment_15725" align="alignnone" width="984"] 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 = 1991,85

Resistance

Resistance 1 = 2013,24 Resistance 2 = 2030,44 Resistance 3 = 2051,83

Support

Support 1 = 1974,65 Support 2 = 1953,26 Support 3 = 1936,06

OIL

[caption id="attachment_15724" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the oil movement is predicted to decline/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its decline, 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 = 108,65

Resistance

Resistance 1 = 111,79 Resistance 2 = 117,97 Resistance 3 = 121,11

Support

Support 1 = 102,47 Support 2 = 99,36 Support 3 = 93,15

That's the explanation of "Technical Daily Analysis: March 11, 2022 - Dollar Strengthens". Also read our other articles, such as Stop Loss explanations, 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.