Technical Daily Analysis: March 24, 2022 - Dollar Strengthens

The following is the daily technical analysis, March 24, 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_16603" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the European movement 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 = 1,10036

Resistance

Resistance 1 = 1,10435 Resistance 2 = 1,10833 Resistance 3 = 1,1232

Support

Support 1 = 1,09638 Support 2 = 1,09239 Support 3 = 1,08841

USDCHF

[caption id="attachment_16604" align="alignnone" width="1000"] 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 = 0,93207

Resistance

Resistance 1 = 0,93409 Resistance 2 = 0,93771 Resistance 3 = 0,93973

Support

Support 1 = 0,92845 Support 2 = 0,92643 Support 3 = 0,92281

USDJPY

[caption id="attachment_16605" align="alignnone" width="996"] 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 = 121,045

Resistance

Resistance 1 = 121,503 Resistance 2 = 121,867 Resistance 3 = 122,325

Support

Support 1 = 120,681 Support 2 = 120,223 Support 3 = 119,859

GBPUSD

[caption id="attachment_16606" align="alignnone" width="996"] 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 = 1,32257

Resistance

Resistance 1 = 1,32769 Resistance 2 = 1,33493 Resistance 3 = 1,34005

Support

Support 1 = 1,31533 Support 2 = 1,31021 Support 3 = 1,30297

AUDUSD

[caption id="attachment_16607" align="alignnone" width="996"] 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 = 0,74844

Resistance

Resistance 1 = 0,75192 Resistance 2 = 0,75413 Resistance 3 = 0,75761

Support

Support 1 = 0,74623 Support 2 = 0,74275 Support 3 = 0,74054

GOLD

[caption id="attachment_16608" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted to continue to rise/Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its increase, 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 = 1936,31

Resistance

Resistance 1 = 1957,15 Resistance 2 = 1969,13 Resistance 3 = 1989,97

Support

Support 1 = 1924,33 Support 2 = 1903,49 Support 3 = 1891,51

OIL

[caption id="attachment_16609" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to rise/Bullish towards the level of R1, R2 and even R3, but if it cannot continue its increase, 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 = 112,80

Resistance

Resistance 1 = 117,24 Resistance 2 = 119,81 Resistance 3 = 124,25

Support

Support 1 = 110,23 Support 2 = 105,79 Support 3 = 103,22

That's the explanation of "Technical Daily Analysis: March 24, 2022 - Dollar Strengthens". Also read our other articles, such as the explanation of Shooting Star 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.