1. Daily technical analysis of selected currency pairs



EUR/JPY Bullish

Image Features: forms “Engulfing Line (Bullish)” pattern

Target
Opportunity recognized 2021 Aug 13 for the period of up to 48 hours
-0.008 (0.8 pips) price change since the Technical Event at 129.592

Technical Analysis

We found a pattern called Engulfing Line (Bullish) on 2021 Aug 13 at 01:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.

The MACD generated a bullish signal on 2021 Aug 13 at 05:00 GMT.

USD/GBP Bearish

Image Features: forms “Inside Bar (Bearish)” pattern

Target
Opportunity recognized 2021 Aug 12 for the period of up to 12 hours
-0.00029 (2.9 pips) price change since the Technical Event at 0.72430

Technical Analysis

We found a pattern called Inside Bar (Bearish) on 2021 Aug 12 at 20:00 GMT on a 1 hour chart suggesting the outlook is bearish for up to 12 hours.

The Momentum oscillator crossed below 0 on 2021 Aug 13 at 05:00 GMT, thereby signaling a new accelerating downtrend.

2. Daily Analyst’s View

EUR/USD

may rise 11 – 21 pips

Pivot
1.1725

Our preference
Long positions above 1.1725 with targets at 1.1750 & 1.1760 in extension.

Alternative scenario
Below 1.1725 look for further downside with 1.1715 & 1.1705 as targets.

Comment
The RSI shows upside momentum.

GBP/USD

may fall 20 – 35 pips

Pivot
1.3830

Our preference
Short positions below 1.3830 with targets at 1.3795 & 1.3780 in extension.

Alternative scenario
Above 1.3830 look for further upside with 1.3845 & 1.3865 as targets.

Comment
As long as the resistance at 1.3830 is not surpassed, the risk of the break below 1.3795 remains high.

USD/CAD

may rise 18 – 33 pips

Pivot
1.2500

Our preference
Long positions above 1.2500 with targets at 1.2535 & 1.2550 in extension.

Alternative scenario
Below 1.2500 look for further downside with 1.2485 & 1.2470 as targets.

Comment
The RSI lacks downward momentum.

Gold

may rise to 1763.00 – 1770.00

Pivot
1745.00

Our preference
Long positions above 1745.00 with targets at 1763.00 & 1770.00 in extension.

Alternative scenario
Below 1745.00 look for further downside with 1741.00 & 1734.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

may fall to 67.25 – 67.80

Pivot
69.15

Our preference
Short positions below 69.15 with targets at 67.80 & 67.25 in extension.

Alternative scenario
Above 69.15 look for further upside with 69.80 & 70.15 as targets.

Comment
As long as the resistance at 69.15 is not surpassed, the risk of the break below 67.80 remains high.

S&P 500 (CME)

may rise to 4460.00 – 4466.00

Pivot
4445.00

Our preference
Long positions above 4445.00 with targets at 4460.00 & 4466.00 in extension.

Alternative scenario
Below 4445.00 look for further downside with 4437.00 & 4430.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Nasdaq 100 (CME)

may rise to 15115.00 – 15155.00

Pivot
15030.00

Our preference
Long positions above 15030.00 with targets at 15115.00 & 15155.00 in extension.

Alternative scenario
Below 15030.00 look for further downside with 14985.00 & 14940.00 as targets.

Comment
The RSI is mixed to bullish.

Hang Seng (HKFE)

may fall to 25815.00 – 26025.00

Pivot
26430.00

Our preference
Short positions below 26430.00 with targets at 26025.00 & 25815.00 in extension.

Alternative scenario
Above 26430.00 look for further upside with 26610.00 & 26730.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Disclaimer:
This report is prepared and published by Trading Central for all clients of Doo Prime. As a third-party indicator tool, Trading Central is only for your strategic reference during the investment process and does not constitute advice or a recommendation by Doo Prime or Trading Central. Neither Doo Prime nor Trading Central are responsible to bear the relevant legal liabilities for the investment risks arising from your use of this report to make buying and selling decisions.