Technical Daily Analysis: October 29, 2021 - Bear Market

The following is the daily technical analysis, October 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_8140" align="alignnone" width="1024"] 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 poin are at 1,16515

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1.17215 Resistance 2 = 1.17613 Resistance 3 = 1.18313

Support

The following are support values 1, 2, and 3. Support 1 = 1.16117 Support 2 = 1.15417 Support 3 = 1.15019

USDCHF

[caption id="attachment_8139" align="alignnone" width="1024"] 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 poin are at 0,91696

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 0.91696 Resistance 2 = 0.92215 Resistance 3 = 0.92492

Support

The following are support values 1, 2, and 3. Support 1 = 0.90900 Support 2 = 0.90623 Support 3 = 0.90104

USDJPY

[caption id="attachment_8138" align="alignnone" width="1024"] 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 poin are at 113,555

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 113,863 Resistance 2 = 114,167 Resistance 3 = 114,475

Support

The following are support values 1, 2, and 3. Support 1 = 113,251 Support 2 = 112,943 Support 3 = 112,639

GBPUSD

[caption id="attachment_8137" align="alignnone" width="1024"] 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 poin are at 1,37744

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 1.38275 Resistance 2 = 1.38672 Resistance 3 = 1.9203

Support

The following are support values 1, 2, and 3. Support 1 = 1.37347 Support 2 = 1.36816 Support 3 = 1.36419

AUDUSD

[caption id="attachment_8136" align="alignnone" width="1020"] 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 poin are at 0,75253

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 0.75717 Resistance 2 = 0.76012 Resistance 3 = 0.76476

Support

The following are support values 1, 2, and 3. Support 1 = 0.74958 Support 2 = 0.74494 Support 3 = 0.74199

OIL

[caption id="attachment_8135" align="alignnone" width="1024"] 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 poin are at 82,30

Resistance

The following are resistance values 1, 2, and 3. Resistance 1 = 84.01 Resistance 2 = 84.91 Resistance 3 = 86.62

Support

The following are support values 1, 2, and 3. Support 1 = 81.40 Support 2 = 79.69 Support 3 = 78.79

That's the explanation of "Technical Daily Analysis: October 29, 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.