The following is the daily technical analysis, May 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. Before knowing today's technical analysis, immediately register yourself to take part in the GIC Trading Competition and get prizes of up to 3 Billion Rupiah!

EURUSD

[caption id="attachment_17428" align="alignnone" width="992"]EURUSD 10 mei 2022 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Euro is predicted to weaken/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its weakness, 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 = 1,05482

Resistance

Resistance 1 = 1,06016 Resistance 2 = 1,06455 Resistance 3 = 1,06989

Support

Support 1     = 1,05043 Support 2     = 1,04509 Support 3     = 1,04070

USDCHF

[caption id="attachment_17427" align="alignnone" width="1000"]USDCHF 10 mei 2022 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of Swiss Franch 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 and even S3. For details, please see below

Pivot Point

Pivot poin are at = 0,99195

Resistance

Resistance 1 = 0,99838 Resistance 2 = 1,00294 Resistance 3 = 1,00937

Support

Support 1     = 0,98739 Support 2     = 0,98096 Support 3     = 0,97640

USDJPY

[caption id="attachment_17426" align="alignnone" width="996"]USDJPY 10 mei 2022 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Yen 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 = 130,589

Resistance

Resistance 1 = 131,070 Resistance 2 = 131,822 Resistance 3 = 132,303

Support

Support 1     = 129,837 Support 2     = 129,356 Support 3     = 128,604

GBPUSD

[caption id="attachment_17425" align="alignnone" width="996"]GBPUSD 10 mei 2022 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Pound Sterling 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 = 1,23314

Resistance

Resistance 1 = 1,24028 Resistance 2 = 1,24765 Resistance 3 = 1,25479

Support

Support 1     = 1,22577 Support 2     = 1,21863 Support 3     = 1,21126

AUDUSD

[caption id="attachment_17424" align="alignnone" width="996"]AUDUSD 10 mei 2022 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Aussie 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 = 0,69875

Resistance

Resistance 1 = 0,70304 Resistance 2 = 0,71131 Resistance 3 = 0,71560

Support

Support 1     = 0,69048 Support 2     = 0,68619 Support 3     = 0,67792

GOLD

[caption id="attachment_17422" align="alignnone" width="1000"]GOLD 10 meil 2022 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of Gold 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 or even R3. For details, please see below

Pivot Point

Pivot poin are at = 1863,28

Resistance

Resistance 1 = 1874,93 Resistance 2 = 1897,23 Resistance 3 = 1908,88

Support

Support 1     = 1840,98 Support 2     = 1829,33 Support 3     = 1807,03

OIL

[caption id="attachment_17421" align="alignnone" width="1000"]OIL 10 mei 2022 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of oil is predicted to fall/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 =  104,98

Resistance

Resistance 1 = 107,83 Resistance 2 = 113,29 Resistance 3 = 116,14

Support

Support 1     = 99,52 Support 2     = 96,67 Support 3     = 91,21

That's the explanation of "Technical Daily Analysis: May 10, 2022 - Dollar Strengthens". Also read our other articles, such as the explanation of the Exponential Moving Average, 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.