Technical Daily Analysis: October 25, 2021 - Bearish Market

The following is the daily technical analysis, October 25, 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 GIC Indonesia and its data providers are not responsible for your trading results. So, it's your own responsibility!

EURUSD

[caption id="attachment_7991" align="alignnone" width="1020"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Euro 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 1,16389.

Resistance

The following are resistance values 1, 2, and 3.

1. Resistance 1 = 1,16575
2. Resistance 2 = 1,16734
3. Resistance 3 = 1,16920

Support

The following are support values 1, 2, and 3.

1. Support 1 = 1,16230
2. Support 2 = 1,16044
3. Support 3 = 1,15885

USDCHF

[caption id="attachment_7990" align="alignnone" width="968"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discussing 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 are at 0,91652.

Resistance

The following are resistance values 1, 2, and 3.

1. Resistance 1 = 0,91802
2. Resistance 2 = 0,91998
3. Resistance 3 = 0,92148

Support

The following are support values 1, 2, and 3.

1. Support 1 = 0,91456
2. Support 2 = 0,91306
3. Support 3 = 0,91110

USDJPY

[caption id="attachment_7989" align="alignnone" width="1029"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Yen 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 113,687.

Resistance

The following are resistance values 1, 2, and 3.

1. Resistance 1 = 113,968
2. Resistance 2 = 114,480
3. Resistance 3 = 114,761

Support

The following are support values 1, 2, and 3.

1. Support 1 = 113,175
2. Support 2 = 112,894
3. Support 3 = 112,382

GBPUSD

[caption id="attachment_7988" align="alignnone" width="1029"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Pound Sterling 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 1,37690.

Resistance

The following are the resistance values 1, 2, and 3.

1. Resistance 1 = 1,38028
2. Resistance 2 = 1,38484
3. Resistance 3 = 1,38822

Support

The following are support values 1, 2, and 3.

1. Support 1 = 1,37234
2. Support 2 = 1,36896
3. Support 3 = 1,36440

AUDUSD

[caption id="attachment_7987" align="alignnone" width="1033"] 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 0,74768.

Resistance

The following are resistance values 1, 2, and 3.

1. Resistance 1 = 0,75006
2. Resistance 2 = 0,75352
3. Resistance 3 = 0,75590

Support

The following are support values 1, 2, and 3.

1. Support 1 = 0,74422
2. Support 2 = 0,74184
3. Support 3 = 0,73838

OIL

[caption id="attachment_7986" align="alignnone" width="1029"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discussing the movement of oil 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 83,37.

Resistance

The following are resistance values 1, 2, and 3.

1. Resistance 1 = 85,01
2. Resistance 2 = 85,83
3. Resistance 3 = 87,47

Support

The following are support values 1, 2, and 3.

1. Support 1 = 82,55
2. Support 2 = 80,91
3. Support 3 = 80,09

That's the explanation of "Technical Daily Analysis: October 25, 2021 - Bearish Market". Also read our other articles, such as "Gross Domestic Product: Definition, to Methodology", only in the Journal of GIC. Don't forget to take part in GICT events and bonuses on Friday barokah and 100% deposit bonus.