The following is the daily technical analysis, March 16, 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_16072" align="alignnone" width="996"]EURUSD 2022-03-16 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 = 1,09662

Resistance

Resistance 1 = 1,10067 Resistance 2 = 1,10599 Resistance 3 = 1,11004

Support

Support 1 = 1,09130 Support 2 = 1,08725 Support 3 = 1,08193

USDCHF

[caption id="attachment_16071" align="alignnone" width="992"]USDCHF 2022-03-16 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 = 0,94047

Resistance

Resistance 1 = 0,94380 Resistance 2 = 0,94645 Resistance 3 = 0,94978

Support

Support 1 = 0,93782 Support 2 = 0,93449 Support 3 = 0,93184

USDJPY

[caption id="attachment_16070" align="alignnone" width="992"]USDJPY 2022-03-16 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 = 118,142

Resistance

Resistance 1 = 118,589 Resistance 2 = 118,893 Resistance 3 = 119,340

Support

Support 1 = 117,838 Support 2 = 117,391 Support 3 = 117,087

GBPUSD

[caption id="attachment_16069" align="alignnone" width="984"]GBPUSD 2022-03-16 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 = 1,30408

Resistance

Resistance 1 = 1,30890 Resistance 2 = 1,31362 Resistance 3 = 1,31844

Support

Support 1 = 1,29936 Support 2 = 1,29454 Support 3 = 1,28982

AUDUSD

[caption id="attachment_16068" align="alignnone" width="1000"]AUDUSD 2022-03-16 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 = 0,71955

Resistance

Resistance 1 = 0,72262 Resistance 2 = 0,72576 Resistance 3 = 0,72883

Support

Support 1 = 0,71641 Support 2 = 0,71334 Support 3 = 0,71020

GOLD

[caption id="attachment_16067" align="alignnone" width="992"]GOLD 2022-03-16 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 = 1925,16

Resistance

Resistance 1 = 1943,32 Resistance 2 = 1972,66 Resistance 3 = 1990,82

Support

Support 1 = 1895,82 Support 2 = 1877,66 Support 3 = 1848,32

OIL

[caption id="attachment_16066" align="alignnone" width="1000"]OIL 2022-03-16 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 = 97,05

Resistance

Resistance 1 = 100,59 Resistance 2 = 106,09 Resistance 3 = 109,63

Support

Support 1 = 91,55 Support 2 = 88,01 Support 3 = 82,51

That's the explanation of "Technical Daily Analysis: March 16, 2022 - Dollar Weakens". Also read our other articles, such as the explanation of Bearish Engulfing, 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.