Doo Prime Daily Featured Trading Strategies – December 1, 2021 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – December 1, 2021
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1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Megaphone Bottom (Bullish)” pattern

Target
Opportunity recognized 2021 Dec 01 for the period of up to 48 hours
+0.056 (5.6 pips) price change since the Technical Event at 80.849

Technical Analysis

We found a pattern called Megaphone Bottom on 2021 Dec 01 at 01:15 GMT on a 15 minute chart, providing a target price for up to 48 hours in the range of 81.500 to 81.650.

The price crossed above its moving average on 2021 Dec 01 at 01:15 GMT signaling a new uptrend has been established.

CAD/JPY Bullish

Image Features: forms “Double Bottom (Bullish)” pattern

Target
Opportunity recognized 2021 Dec 01 for the period of up to 48 hours
+0.072 (7.2 pips) price change since the Technical Event at 88.792

Technical Analysis

We found a pattern called Double Bottom on 2021 Dec 01 at 01:30 GMT on a 30 minute chart, providing a target price for up to 48 hours in the range of 89.500 to 89.650.

The price crossed above its moving average on 2021 Dec 01 at 01:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may rise 41 – 61 pips

Pivot
1.1290

Our preference
Long positions above 1.1290 with targets at 1.1380 & 1.1400 in extension.

Alternative scenario
Below 1.1290 look for further downside with 1.1260 & 1.1235 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

GBP/USD

may rise 30 – 65 pips

Pivot
1.3260

Our preference
Long positions above 1.3260 with targets at 1.3330 & 1.3365 in extension.

Alternative scenario
Below 1.3260 look for further downside with 1.3225 & 1.3195 as targets.

Comment
The RSI calls for a rebound.

USD/CAD

may rise 19 – 44 pips

Pivot
1.2750

Our preference
Long positions above 1.2750 with targets at 1.2800 & 1.2825 in extension.

Alternative scenario
Below 1.2750 look for further downside with 1.2725 & 1.2700 as targets.

Comment
A support base at 1.2750 has formed and has allowed for a temporary stabilisation.

Gold

may fall to 1750.00 – 1758.00

Pivot
1787.00

Our preference
Short positions below 1787.00 with targets at 1758.00 & 1750.00 in extension.

Alternative scenario
Above 1787.00 look for further upside with 1798.00 & 1809.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Crude Oil (WTI)

may fall to 63.00 – 64.45

Pivot
68.90

Our preference
Short positions below 68.90 with targets at 64.45 & 63.00 in extension.

Alternative scenario
Above 68.90 look for further upside with 71.20 & 72.90 as targets.

Comment
As long as the resistance at 68.90 is not surpassed, the risk of the break below 64.45 remains high.

S&P 500 (CME)

may fall to 4515.00 – 4557.00

Pivot
4618.00

Our preference
Short positions below 4618.00 with targets at 4557.00 & 4515.00 in extension.

Alternative scenario
Above 4618.00 look for further upside with 4643.00 & 4667.00 as targets.

Comment
Technically the RSI is below its neutrality area at 50.

Nasdaq 100 (CME)

may fall to 15990.00 – 16070.00

Pivot
16290.00

Our preference
Short positions below 16290.00 with targets at 16070.00 & 15990.00 in extension.

Alternative scenario
Above 16290.00 look for further upside with 16440.00 & 16580.00 as targets.

Comment
As long as the resistance at 16290.00 is not surpassed, the risk of the break below 16070.00 remains high.

Hang Seng (HKFE)

may fall to 22870.00 – 23100.00

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Pivot
23650.00

Our preference
Short positions below 23650.00 with targets at 23100.00 & 22870.00 in extension.

Alternative scenario
Above 23650.00 look for further upside with 23855.00 & 24100.00 as targets.

Comment
As long as the resistance at 23650.00 is not surpassed, the risk of the break below 23100.00 remains high.

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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Trade glod and Sliver on Doo Prime Doo Prime provides mainstream index futures and commodity futures around the world Doo Prime provide over 300 the most popular US and Hong Kong stock cfd products