1. Daily technical analysis of selected currency pairs



GBP/JPY Bearish

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

Target
Opportunity recognized 2021 Aug 15 for the period of up to 12 hours
-0.420 (42 pips) price change since the Technical Event at 152.055

Technical Analysis

We found a pattern called Inside Bar (Bearish) on 2021 Aug 15 at 23:00 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

The Momentum oscillator crossed below 0 on 2021 Aug 16 at 00:30 GMT, thereby signaling a new accelerating downtrend.

AUD/DKK Bullish

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

Target
Opportunity recognized 2021 Aug 16 for the period of up to 12 hours
-0.00110 (11 pips) price change since the Technical Event at 4.63380

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Aug 16 at 02:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

A bullish event triggered for Slow Stochastics on 2021 Aug 16 at 01:45 GMT when the %K line crossed above the %D line. The close prices are trading closer to the upper end of the recent high-low price range, which is associated with price increases.

2. Daily Analyst’s View

EUR/USD

may rise 17 – 37 pips

Pivot
1.1765

Our preference
Long positions above 1.1765 with targets at 1.1810 & 1.1830 in extension.

Alternative scenario
Below 1.1765 look for further downside with 1.1750 & 1.1730 as targets.

Comment
The RSI advocates for further upside.

GBP/USD

may rise 27 – 47 pips

Pivot
1.3830

Our preference
Long positions above 1.3830 with targets at 1.3890 & 1.3910 in extension.

Alternative scenario
Below 1.3830 look for further downside with 1.3810 & 1.3790 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/CAD

may fall 32 – 47 pips

Pivot
1.2535

Our preference
Short positions below 1.2535 with targets at 1.2485 & 1.2470 in extension.

Alternative scenario
Above 1.2535 look for further upside with 1.2550 & 1.2565 as targets.

Comment
As long as the resistance at 1.2535 is not surpassed, the risk of the break below 1.2485 remains high.

Gold

may rise to 1790.00 – 1800.00

Pivot
1764.00

Our preference
Long positions above 1764.00 with targets at 1790.00 & 1800.00 in extension.

Alternative scenario
Below 1764.00 look for further downside with 1754.00 & 1745.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

may fall to 66.70 – 67.25

Pivot
68.75

Our preference
Short positions below 68.75 with targets at 67.25 & 66.70 in extension.

Alternative scenario
Above 68.75 look for further upside with 69.20 & 69.60 as targets.

Comment
The RSI is mixed with a bearish bias.

S&P 500 (CME)

may rise to 4466.00 – 4472.00

Pivot
4451.00

Our preference
Long positions above 4451.00 with targets at 4466.00 & 4472.00 in extension.

Alternative scenario
Below 4451.00 look for further downside with 4445.00 & 4437.00 as targets.

Comment
The RSI is above its neutrality area at 50%.

Nasdaq 100 (CME)

may rise to 15150.00 – 15175.00

Pivot
15070.00

Our preference
Long positions above 15070.00 with targets at 15150.00 & 15175.00 in extension.

Alternative scenario
Below 15070.00 look for further downside with 15035.00 & 15000.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Hang Seng (HKFE)

may rise to 26440.00 – 26610.00

Pivot
26260.00

Our preference
Long positions above 26260.00 with targets at 26440.00 & 26610.00 in extension.

Alternative scenario
Below 26260.00 look for further downside with 26185.00 & 26080.00 as targets.

Comment
The next resistances are at 26440.00 and then at 26610.00.

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.