The following is the daily technical analysis, May 31, 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_17664" align="alignnone" width="980"]eurusd 31-05-2022 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Euro 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 = 1,07626

Resistance

Resistance 1 = 1,08004 Resistance 2 = 1,08232 Resistance 3 = 1,08610

Support

Support 1     = 1,07398 Support 2     = 1,07020 Support 3     = 1,06792

USDCHF

[caption id="attachment_17663" align="alignnone" width="992"]usdchf 31-05-2022 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to strengthen, the candle moves Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its strengthening, 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 = 0,95770

Resistance

Resistance 1 = 0,96010 Resistance 2 = 0,96293 Resistance 3 = 0,96533

Support

Support 1     = 0,95487 Support 2     = 0,95247 Support 3     = 0,94964

USDJPY

[caption id="attachment_17662" align="alignnone" width="984"]usdjpy 31-05-2022 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 = 127,419

Resistance

Resistance 1 = 127,990 Resistance 2 = 128,383 Resistance 3 = 128,954

Support

Support 1     = 127,026 Support 2     = 126,455 Support 3     = 126,062

GBPUSD

[caption id="attachment_17661" align="alignnone" width="992"]gbpusd 31-05-2022 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Pound Sterling 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 = 1,26418

Resistance

Resistance 1 = 1,26681 Resistance 2 = 1,26852 Resistance 3 = 1,27115

Support

Support 1     = 1,26247 Support 2     = 1,25984 Support 3     = 1,25813

AUDUSD

[caption id="attachment_17660" align="alignnone" width="984"]audusd 31-05-2022 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 = 0,71846

Resistance

Resistance 1 = 0,72104 Resistance 2 = 0,72251 Resistance 3 = 0,72509

Support

Support 1     = 0,71699 Support 2     = 0,71441 Support 3     = 0,71294

GOLD

[caption id="attachment_17659" align="alignnone" width="984"]gold 31-05-2022 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 = 1855,76

Resistance

Resistance 1 = 1863,47 Resistance 2 = 1871,63 Resistance 3 = 1879,34

Support

Support 1     = 1847,60 Support 2     = 1839,89 Support 3     = 1831,73

OIL

[caption id="attachment_17658" align="alignnone" width="988"]oil 31-05-2022 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of oil 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 and even S3. For details, please see below

Pivot Point

Pivot poin are at = 116,45

Resistance

Resistance 1 = 118,01 Resistance 2 = 118,86 Resistance 3 = 120,42

Support

Support 1     = 115,60 Support 2     = 114,04 Support 3     = 113,19

That's the explanation of "Technical Daily Analysis: May 31, 2022 - Market Bullish". Also read our other articles, such as the best coincrypto 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.