Technical Daily Analysis: October 8, 2021 - Bear Market

The following GIC presents to you prospective or GICTrade customers regarding technical analysis of forex, gold, and oil on October 8, 2021. You can use the technical daily data and analysis here as a benchmark, but neither GIC nor the data provider is responsible for the results of your financial activities. It will be your own responsibility!

EURUSD

[caption id="attachment_7500" align="alignleft" width="1041"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Euro in the prediction that it will continue to weaken/bearish towards the S1, S2 and even S3 levels, but if it cannot continue its weakness, it will return to the pivot level or it may move to the R1, R2 and even R3 levels. For details, please see below.

Pivot Point

Pivot poin are at 1,15570

Resistance

The following are the resistance values of 1, 2, and 3 on October 8, 2021.

1. Resistance 1 = 1,15668
2. Resistance 2 = 1,15814
3. Resistance 3 = 1,15912

Support

The following are the support values 1, 2, and 3 on October 8, 2021.

1. Support 1 = 1,15424
2. Support 2 = 1,15326
3. Support 3 = 1,15180

USDCHF

[caption id="attachment_7499" align="alignnone" width="1041"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Swiss Franc in a prediction that it will continue to weaken/bear towards the levels of R1, R2 and even R3, but if it cannot continue its weakness, it will return to the pivot level or it may move to the level of S1, S2 and even S3. For details, please see below.

Pivot Point

Pivot poin are at 0,92777.

Resistance

The following are the resistance values of 1, 2, and 3 on October 8, 2021.

1. Resistance 1 = 0,93029
2. Resistance 2 = 0,93171
3. Resistance 3 = 0,93423

Support

The following are the support values 1, 2, and 3 on October 8, 2021.

1. Support 1 = 0,92635
2. Support 2 = 0,92383
3. Support 3 = 0,92241

USDJPY

[caption id="attachment_7498" align="alignnone" width="1033"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Yen in the prediction to continue weakening/bearishly towards the levels of R1, R2 and even R3, but if it cannot continue its weakness, it will return to the pivot level or it may move to the level of S1, S2 and even S3. For details, please see below.

Pivot Point

Pivot poin are at 111,495.

Resistance

The following are the resistance values of 1, 2, and 3 on October 8, 2021.

1. Resistance 1 = 111,765
2. Resistance 2 = 111,914
3. Resistance 3 = 112,184

Support

The following are the support values 1, 2, and 3 on October 8, 2021.

1. Support 1 = 111,346
2. Support 2 = 111,076
3. Support 3 = 110,927

GBPUSD

[caption id="attachment_7497" align="alignnone" width="1033"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of the Pound Sterling in the prediction that it will continue to weaken/bear towards the S1, S2 and even S3 levels, but if it cannot continue its weakness, it will return to the pivot level or it may move to the R1, R2 and even R3 levels. For details, please see below.

Pivot Point

Pivot poin are at 1,36067.

Resistance

The following are the resistance values of 1, 2, and 3 on October 8, 2021.

1. Resistance 1 = 1,36437
2. Resistance 2 = 1,36746
3. Resistance 3 = 1,37116

Support

The following are the support values 1, 2, and 3 on October 8, 2021.

1. Support 1 = 1,35758
2. Support 2 = 1,35388
3. Support 3 = 1,35079

AUDUSD

[caption id="attachment_7496" align="alignnone" width="1029"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the Aussie movement in the prediction to continue weakening/bearishly towards the S1, S2 and even S3 levels, but if it cannot continue its weakening, it will return to the pivot level or it may move to the R1, R2 and even R3 levels. For details, please see below.

Pivot Point

Pivot poin are at 0,73007.

Resistance

The following are the resistance values of 1, 2, and 3 on October 8, 2021.

1. Resistance 1 = 0,73338
2. Resistance 2 = 0,73569
3. Resistance 3 = 0,73900

Support

The following are the support values 1, 2, and 3 on October 8, 2021.

1. Support 1 = 0,72776
2. Support 2 = 0,72445
3. Support 3 = 0,72214

GOLD

[caption id="attachment_7495" align="alignnone" width="1037"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis discusses the movement of Gold in the prediction to continue to decline/bearish towards the levels of S1, S2 and even S3, but if it cannot continue its decline, it will return to the pivot level or it may move to the level of R1, R2 and even R3. For details, please see below.

Pivot Point

Pivot poin are at 1757,98.

Resistance

The following are the resistance values of 1, 2, and 3 on October 8, 2021.

1. Resistance 1 = 1764,15
2. Resistance 2 = 1772,99
3. Resistance 3 = 1779,16

Support

The following are the support values 1, 2, and 3 on October 8, 2021.

1. Support 1 = 1749,14
2. Support 2 = 1742,97
3. Support 3 = 1734,13

OIL

[caption id="attachment_7494" align="alignnone" width="1037"] Photo Source: Nurhakim via GIC[/caption] The movement of oil is predicted to continue to rise/bullish towards the levels of R1, R2 and even R3, but if it cannot continue its increase, it will return to the pivot level or it may move to the level of S1, S2 and even S3. For details, please see below.

Pivot Point

Pivot poin are at 77,53.

Resistance

The following are the resistance values of 1, 2, and 3 on October 8, 2021.

1. Resistance 1 = 80,12
2. Resistance 2 = 81,46
3. Resistance 3 = 84,05

Support

The following are the support values 1, 2, and 3 on October 8, 2021.

1. Support 1 = 76,19
2. Support 2 = 73,60
3. Support 3 = 72,26

This the discussion of the daily technical analysis article of forex and oil dated October 8, 2021. Read our other articles about forex, such as "Learning Forex Trading from Zero" only in the GIC Journal. Also look for extra money through GIC promotions, such as Friday Barokah, affiliates, and 100% Deposit Bonus!