Technical Daily Analysis: October 27, 2021 - Bearish Market

The following is the daily technical analysis, October 27, 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_8073" align="alignnone" width="1025"] 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 1,16014.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1.16186 Resistance 2 = 1.16422 Resistance 3 = 1.16594

Support

The following are support values 1, 2, and 3. Support 1 = 1.15778 Support 2 = 1.15606 Support 3 = 1.15370

USDCHF

[caption id="attachment_8072" align="alignnone" width="1024"] 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 0,91998.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 0.92224 Resistance 2 = 0.92478 Resistance 3 = 0.92704

Support

The following are support values 1, 2, and 3. Support 1 = 0.91744 Support 2 = 0.91518 Support 3 = 0.91264

USDJPY

[caption id="attachment_8071" 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 114,038.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 114,410 Resistance 2 = 114,678 Resistance 3 = 115,050

Support

The following are support values 1, 2, and 3. Support 1 = 113,770 Support 2 = 113,398 Support 3 = 113,130

GBPUSD

[caption id="attachment_8070" align="alignnone" width="1037"] Photo Source: Nurhakim via GIC[/caption] The daily analysis of the technique discussing Poudsterling's movement 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 1,37827.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1.38093 Resistance 2 = 1.38555 Resistance 3 = 1.38821

Support

The following are support values 1, 2, and 3. Support 1 = 1.37365 Support 2 = 1.37099 Support 3 = 1.36637

AUDUSD

[caption id="attachment_8069" align="alignnone" width="1029"] 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 0,75022.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 0.75210 Resistance 2 = 0.75433 Resistance 3 = 0.75621

Support

The following are support values 1, 2, and 3. Support 1 = 0.74799 Support 2 = 0.74611 Support 3 = 0.74388

OIL

[caption id="attachment_8068" align="alignnone" width="1020"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of oil in the prediction that it will 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 84,14.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 85.32 Resistance 2 = 86.04 Resistance 3 = 87.22

Support

The following are support values 1, 2, and 3. Support 1 = 83.42 Support 2 = 82.24 Support 3 = 81.52

That's the explanation of "Technical Daily Analysis: October 27, 2021 - Bearish Market". Also read our other articles, such as "Small Capital Beginner Investments You Must Try!", only in the GIC Journal. Don't forget to take part in the NFP live trading event and also get a guidebook in the form of a scalping ebook.