The following is the daily technical analysis, October 28, 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_8108" align="alignnone" width="1024"]

EURUSD 2021-10-28

Photo Source : Nurhakim via GIC[/caption]

Daily technical analysis regarding the movement of the Euro is predicted to try to weaken/bear towards the level 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 poin are at 1,16037.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1.16233 Resistance 2 = 1.16447 Resistance 3 = 1.16643

Support

The following are support values 1, 2, and 3. Support 1 = 1.15823 Support 2 = 1.15627 Support 3 = 1.15413

USDCHF

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USDCHF 2021-10-28

Photo Source : Nurhakim via GIC[/caption]

Daily technical analysis regarding the movement of the Swiss Franc 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 poin are at 0,91821.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 0.92007 Resistance 2 = 0.92214 Resistance 3 = 0.92400

Support

The following are support values 1, 2, and 3. Support 1 = 0.91614 Support 2 = 0.91428 Support 3 = 0.91221

USDJPY

[caption id="attachment_8106" align="alignnone" width="1024"]

USDJPY 2021-10-28
Photo Source: Nurhakim via GIC[/caption]
 
Daily technical analysis regarding 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 poin are at 113,798.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 114,218 Resistance 2 = 114,632 Resistance 3 = 115,052

Support

The following are support values 1, 2, and 3. Support 1 = 113,384 Support 2 = 112,964 Support 3 = 112,550

GBPUSD

[caption id="attachment_8109" align="alignnone" width="1024"]

GBPUSD 2021-10-28
Photo Source: Nurhakim via GIC[/caption]
 
Daily technical analysis regarding 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 poin are at 1,37425.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1.37764 Resistance 2 = 1.38139 Resistance 3 = 1.38478

Support

The following are support values 1, 2, and 3. Support 1 = 1.37050 Support 2 = 1.36711 Support 3 = 1.36336

AUDUSD

[caption id="attachment_8110" align="alignnone" width="1024"]

AUDUSD 2021-10-28
Photo Source: Nurhakim via GIC[/caption]
 
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 poin are at 0,75122.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 0.75379 Resistance 2 = 0.75609 Resistance 3 = 0.75866

Support

The following are support values 1, 2, and 3. Support 1 = 0.74892 Support 2 = 0.74635 Support 3 = 0.74405

GOLD

[caption id="attachment_8111" align="alignnone" width="1024"]

GOLD 2021-10-28
Photo Source: Nurhakim via GIC[/caption]
 
Daily technical analysis regarding 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 it may move to the S1, S2 and even S3 levels. For details, see below!

Pivot Point

Pivot poin are at 1792,95.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1802.57 Resistance 2 = 1808.58 Resistance 3 = 1818.20

Support

The following are support values 1, 2, and 3. Support 1 = 1786.94 Support 2 = 1777.32 Support 3 = 1771.31

OIL

[caption id="attachment_8112" align="alignnone" width="1016"]

OIL 2021-10-28
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 poin are at 82,85.

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 83.69 Resistance 2 = 85.32 Resistance 3 = 86.16

Support

The following are support values 1, 2, and 3. Support 1 = 81.22 Support 2 = 80.38 Support 3 = 78.75

That's the explanation of "Technical Daily Analysis: October 28, 2021 - Bearish Market". Also read our other articles, such as "Forex Trading Profits: How to Profit & Calculate It", 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.