Technical Daily Analysis: March 15, 2022 - Bearish Market

The following is the daily technical analysis, March 15, 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_15909" align="alignnone" width="988"] 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 = 1,09445

Resistance

Resistance 1 = 1,09888 Resistance 2 = 1,10378 Resistance 3 = 1,10821

Support

Support 1 = 1,08955 Support 2 = 1,08512 Support 3 = 1,08022

USDCHF

[caption id="attachment_15910" 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 = 0,93635

Resistance

Resistance 1 = 0,94077 Resistance 2 = 0,94302 Resistance 3 = 0,94744

Support

Support 1 = 0,93410 Support 2 = 0,92968 Support 3 = 0,92743

USDJPY

[caption id="attachment_15911" align="alignnone" width="984"] 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 = 117,902

Resistance

Resistance 1 = 118,496 Resistance 2 = 118,806 Resistance 3 = 119,400

Support

Support 1 = 117,592 Support 2 = 116,998 Support 3 = 116,688

GBPUSD

[caption id="attachment_15912" align="alignnone" width="988"] 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 = 1,30264

Resistance

Resistance 1 = 1,30526 Resistance 2 = 1,31047 Resistance 3 = 1,31309

Support

Support 1 = 1,29743 Support 2 = 1,29481 Support 3 = 1,28960

AUDUSD

[caption id="attachment_15913" 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, please see below

Pivot Point

Pivot poin are at = 0,72235

Resistance

Resistance 1 = 0,72610 Resistance 2 = 0,73358 Resistance 3 = 0,73733

Support

Support 1 = 0,71487 Support 2 = 0,71112 Support 3 = 0,70364

GOLD

[caption id="attachment_15914" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted to continue 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 and even R3. For details, please see below

Pivot Point

Pivot poin are at = 1964,48

Resistance

Resistance 1 = 1979,38 Resistance 2 = 2004,96 Resistance 3 = 2019,86

Support

Support 1 = 1938,90 Support 2 = 1924,00 Support 3 = 1898,42

OIL

[caption id="attachment_15915" align="alignnone" width="984"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to go down/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 and even R3. For details, please see below

Pivot Point

Pivot poin are at = 103,88

Resistance

Resistance 1 = 107,97 Resistance 2 = 113,69 Resistance 3 = 117,78

Support

Support 1 = 98,16 Support 2 = 94,07 Support 3 = 88,35

That's the explanation of "Technical Daily Analysis: March 15, 2022 - Bearish Market". Also read our other articles, such as the explanation of the Hangingman Candle, 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.