Technical Daily Analysis: November 29, 2021 - Bear Market

The following is the daily technical analysis, November 29, 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_9057" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Euro in the prediction that it will 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, please see below

Pivot Point

Pivot point are at 1,12859

Resistance

Resistance 1 = 1,13675 Resistance 2 = 1,14096 Resistance 3 = 1,14912

Support

Support 1 = 1,12438 Support 2 = 1,11622 Support 3 = 1,11201

USDCHF

[caption id="attachment_9056" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Swiss Franc in the prediction that it will try to strengthen/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 point are at 0,92655

Resistance

Resistance 1 = 0,93179 Resistance 2 = 0,94115 Resistance 3 = 0,94639

Support

Support 1 = 0,91719 Support 2 = 0,91195 Support 3 = 0,90259

USDJPY

[caption id="attachment_9058" align="alignnone" width="980"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Yen in the prediction that it will try to strengthen/Bear 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 point are at 113,881

Resistance

Resistance 1 = 114,716 Resistance 2 = 116,192 Resistance 3 = 117,027

Support

Support 1 = 112,405 Support 2 = 111,570 Support 3 = 110,094

GBPUSD

[caption id="attachment_9059" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of Poudnsterling in the prediction that it will 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, please see below

Pivot Point

Pivot point are at 1,33308

Resistance

Resistance 1 = 1,33839 Resistance 2 = 1,34148 Resistance 3 = 1,34679

Support

Support 1 = 1,32999 Support 2 = 1,32468 Support 3 = 1,32159

AUDUSD

[caption id="attachment_9060" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Aussie in the prediction 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 point are at 0,71395

Resistance

Resistance 1 = 0,71670 Resistance 2 = 0,72170 Resistance 3 = 0,72445

Support

Support 1 = 0,70895 Support 2 = 0,70620 Support 3 = 0,70120

GOLD

[caption id="attachment_9061" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of Gold in the prediction that it will try to go up/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 point are at 1795,80

Resistance

Resistance 1 = 1811,42 Resistance 2 = 1831,03 Resistance 3 = 1846,65

Support

Support 1 = 1776,19 Support 2 = 1760,57 Support 3 = 1740,96

OIL

[caption id="attachment_9062" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of oil in the prediction to continue to decline/Bearish towards the level 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 and even R3. For details, please see below

Pivot Point

Pivot point are at 71,24

Resistance

Resistance 1 = 75,08 Resistance 2 = 81,99 Resistance 3 = 85,83

Support

Support 1 = 64,33 Support 2 = 60,49 Support 3 = 53,58

That's the explanation of "Technical Daily Analysis: November 29, 2021 - Bearish Market". Also read our other articles, such as BRI Transfer Limit & "Bitcoin: Definition, How It Works, and Benefits", 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.