The following is the daily technical analysis, November 03, 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_8253" align="alignnone" width="996"]EURUSD 3 November 21 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses 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 could move to the S1, S2 and even S3 levels. For details, see below!

Pivot Point

Pivot point are at 1,15886.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1.16026 Resistance 2 = 1.16267 Resistance 3 = 1.16407

Support

The following are support values 1, 2, and 3. Support 1 = 1.15645 Support 2 = 1.15505 Support 3 = 1.15264

USDCHF

[caption id="attachment_8252" align="alignnone" width="988"]USDCHF 3 November 21 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Swiss Franc 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 0,91264.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 0.91686 Resistance 2 = 0.91917 Resistance 3 = 0.92339

Support

The following are support values 1, 2, and 3. Support 1 = 0.91033 Support 2 = 0.90611 Support 3 = 0.90380

USDJPY

[caption id="attachment_8251" align="alignnone" width="996"]USDJPY 3 November 21 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Yen 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 113,844.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 114,236 Resistance 2 = 114,517 Resistance 3 = 114,909

Support

The following are support values 1, 2, and 3. Support 1 = 113,563 Support 2 = 113,171 Support 3 = 112,890

GBPUSD

[caption id="attachment_8247" align="alignnone" width="996"]GBPUSD 3 November 21 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Pound Sterling 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 1,36294.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1.36540 Resistance 2 = 1.36927 Resistance 3 = 1.37173

Support

The following are support values 1, 2, and 3. Support 1 = 1.35907 Support 2 = 1.35661 Support 3 = 1.35274

AUDUSD

[caption id="attachment_8250" align="alignnone" width="996"]AUDUSD 3 November 21 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Aussie 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 0,74599.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 0.75003 Resistance 2 = 0.75714 Resistance 3 = 0.76118

Support

The following are support values 1, 2, and 3. Support 1 = 0.73888 Support 2 = 0.73484 Support 3 = 0.72773

GOLD

[caption id="attachment_8249" align="alignnone" width="992"]GOLD 3 November 21 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discussing the movement of Gold 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 may move to the S1, S2 and even S3 levels. For details, see below!

Pivot Point

Pivot point are at 1790,07.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1793.89 Resistance 2 = 1800.09 Resistance 3 = 1803.91

Support

The following are support values 1, 2, and 3. Support 1 = 1783.87 Support 2 = 1780.05 Support 3 = 1773.85

OIL

[caption id="attachment_8248" align="alignnone" width="1000"]OIL 3 November 21 Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses 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 83,57.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 84.24 Resistance 2 = 85.06 Resistance 3 = 85.73

Support

The following are support values 1, 2, and 3. Support 1 = 82.75 Support 2 = 82.08 Support 3 = 81.26

That's the explanation of "Technical Daily Analysis: November 03, 2021 - Bearish Market". Also read our other articles, such as "What is the GMS? Functions, Duties, Requirements and Procedures", 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.