Technical Daily Analysis: November 2, 2021 - Dollar Weakens

The following is the daily technical analysis, November 02, 2021. 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_8205" align="alignnone" width="1024"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Euro is predicted to try 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, see below!

Pivot Point

Pivot point are at 1,15864.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1.16276 Resistance 2 = 1.16495 Resistance 3 = 1.16907

Support

The following are the support values 1, 2, 3. Support 1 = 1.15645 Support 2 = 1.15233 Support 3 = 1.15014

USDCHF

[caption id="attachment_8204" align="alignnone" width="1033"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of Swiss Franch is predicted to try 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, see below!

Pivot Point

Pivot point berada di 0,91165.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 0.91442 Resistance 2 = 0.91982 Resistance 3 = 0.92259

Support

The following are the support values 1, 2, 3. Support 1 = 0.90625 Support 2 = 0.90348 Support 3 = 0.89808

USDJPY

[caption id="attachment_8203" align="alignnone" width="1029"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of the Yen is predicted to try to weaken/bear 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, see below!

Pivot Point

Pivot point are at 114,118.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 114,305 Resistance 2 = 114,623 Resistance 3 = 114,810

Support

The following are the support values 1, 2, 3. Support 1 = 113,800 Support 2 = 113,613 Support 3 = 113,295

AUDUSD

 Daily technical analysis regarding the movement of the Aussie is predicted to try to weaken/bear towards the levels 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, see below!

Pivot Point

Pivot point are at 0,75138.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 0.75424 Resistance 2 = 0.75638 Resistance 3 = 0.75924

Support

The following are the support values 1, 2, 3. Support 1 = 0.74924 Support 2 = 0.74638 Support 3 = 0.74424

GOLD

[caption id="attachment_8201" align="alignnone" width="1024"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of Gold is predicted to try 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, see below!

Pivot Point

Pivot point are at 1789,26.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1799.55 Resistance 2 = 1805.97 Resistance 3 = 1816.26

Support

The following are the support values 1, 2, 3. Support 1 = 1782.84 Support 2 = 1772.55 Support 3 = 1766.13

OIL

[caption id="attachment_8200" align="alignnone" width="1029"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis regarding the movement of oil is predicted to try to weaken/bear 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, see below!

Pivot Point

Pivot point are at 83,84.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 84.97 Resistance 2 = 85.98 Resistance 3 = 87.11

Support

The following are the support values 1, 2, 3. Support 1 = 82.83 Support 2 = 81.70 Support 3 = 80.69

That's the explanation of "Technical Daily Analysis: November 02, 2021 - Dollar Weakens". Also read our other articles, such as "Central Banks Are? Tasks, Objectives, Functions, and Examples", 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.