Doo Prime Daily Featured Trading Strategies – August 19, 2021 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – August 19, 2021
Doo Prime Daily Featured Trading Strategies

1. Daily technical analysis of selected currency pairs



EUR/JPY Bullish

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

Target
Opportunity recognized 2021 Aug 19 for the period of up to 12 hours
+0.024 (2.4 pips) price change since the Technical Event at 128.536

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Aug 19 at 01:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The MACD generated a bullish signal on 2021 Aug 19 at 03:00 GMT.

GBP/DKK Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Aug 19 for the period of up to 12 hours
+0.00330 (33 pips) price change since the Technical Event at 8.73380

Technical Analysis

We found a pattern called Hammer on 2021 Aug 19 at 02:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The faster moving average crossed above the slower moving average on 2021 Aug 19 at 03:45 GMT, signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may fall 10 – 30 pips

Pivot
1.1705

Our preference
Short positions below 1.1705 with targets at 1.1670 & 1.1650 in extension.

Alternative scenario
Above 1.1705 look for further upside with 1.1725 & 1.1745 as targets.

Comment
A break below 1.1670 would trigger a drop towards 1.1650.

GBP/USD

may fall 20 – 40 pips

Pivot
1.3750

Our preference
Short positions below 1.3750 with targets at 1.3700 & 1.3680 in extension.

Alternative scenario
Above 1.3750 look for further upside with 1.3770 & 1.3795 as targets.

Comment
A break below 1.3700 would trigger a drop towards 1.3680.

USD/CAD

may rise 27 – 57 pips

Pivot
1.2645

Our preference
Long positions above 1.2645 with targets at 1.2720 & 1.2750 in extension.

Alternative scenario
Below 1.2645 look for further downside with 1.2615 & 1.2590 as targets.

Comment
The RSI is bullish and calls for further upside.

Gold

may fall to 1756.00 – 1770.00

Pivot
1789.00

Our preference
Short positions below 1789.00 with targets at 1770.00 & 1756.00 in extension.

Alternative scenario
Above 1789.00 look for further upside with 1795.00 & 1805.00 as targets.

Comment
The RSI advocates for further decline.

Crude Oil (WTI)

may fall to 62.70 – 63.50

Pivot
65.00

Our preference
Short positions below 65.00 with targets at 63.50 & 62.70 in extension.

Alternative scenario
Above 65.00 look for further upside with 65.70 & 66.50 as targets.

Comment
The RSI has broken down its 30 level.

S&P 500 (CME)

may fall to 4343.00 – 4365.00

Pivot
4420.00

Our preference
Short positions below 4420.00 with targets at 4365.00 & 4343.00 in extension.

Alternative scenario
Above 4420.00 look for further upside with 4432.00 & 4450.00 as targets.

Comment
The RSI has broken down its 30 level.

Nasdaq 100 (CME)

may fall to 14640.00 – 14730.00

Pivot
14950.00

Our preference
Short positions below 14950.00 with targets at 14730.00 & 14640.00 in extension.

Alternative scenario
Above 14950.00 look for further upside with 15035.00 & 15090.00 as targets.

Comment
As long as the resistance at 14950.00 is not surpassed, the risk of the break below 14730.00 remains high.

Hang Seng (HKFE)

may fall to 25100.00 – 25300.00

Pivot
25550.00

Our preference
Short positions below 25550.00 with targets at 25300.00 & 25100.00 in extension.

Alternative scenario
Above 25550.00 look for further upside with 25720.00 & 25950.00 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.

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