1. Daily technical analysis of selected currency pairs



EUR/JPY Bullish

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

Target
Opportunity recognized 2021 Dec 08 for the period of up to 2 weeks
-0.175 (17.5 pips) price change since the Technical Event at 128.375

Technical Analysis

We found a pattern called Diamond Bottom on 2021 Dec 08 at 13:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 129.600 to 129.900.

The faster moving average crossed above the slower moving average on 2021 Dec 09 at 05:00 GMT, signaling a new uptrend has been established.

GBP/JPY Bearish

Image Features: forms “Hanging Man (Bearish)” pattern

Target
Opportunity recognized 2021 Dec 13 for the period of up to 12 hours
-0.054 (5.4 pips) price change since the Technical Event at 150.065

Technical Analysis

We found a pattern called Hanging Man on 2021 Dec 13 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 Dec 14 at 00:30 GMT, thereby signaling a new accelerating downtrend.

2. Daily Analyst’s View



EUR/USD

may fall 12 – 27 pips

Pivot
1.1305

Our preference
Short positions below 1.1305 with targets at 1.1270 & 1.1255 in extension.

Alternative scenario
Above 1.1305 look for further upside with 1.1320 & 1.1335 as targets.

Comment
The RSI lacks upward momentum.

GBP/USD

may fall 17 – 37 pips

Pivot
1.3240

Our preference
Short positions below 1.3240 with targets at 1.3195 & 1.3175 in extension.

Alternative scenario
Above 1.3240 look for further upside with 1.3255 & 1.3270 as targets.

Comment
The RSI lacks upward momentum.

USD/CAD

may rise 19 – 49 pips

Pivot
1.2765

Our preference
Long positions above 1.2765 with targets at 1.2825 & 1.2855 in extension.

Alternative scenario
Below 1.2765 look for further downside with 1.2730 & 1.2700 as targets.

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

Gold

may rise to 1792.00 – 1798.00

Pivot
1781.00

Our preference
Long positions above 1781.00 with targets at 1792.00 & 1798.00 in extension.

Alternative scenario
Below 1781.00 look for further downside with 1777.00 & 1773.00 as targets.

Comment
The RSI calls for a new upleg.

Crude Oil (WTI)

may fall to 69.70 – 70.40

Pivot
71.95

Our preference
Short positions below 71.95 with targets at 70.40 & 69.70 in extension.

Alternative scenario
Above 71.95 look for further upside with 72.50 & 73.00 as targets.

Comment
As long as 71.95 is resistance, expect a return to 70.40.

S&P 500 (CME)

may fall to 4603.00 – 4640.00

Pivot
4698.00

Our preference
Short positions below 4698.00 with targets at 4640.00 & 4603.00 in extension.

Alternative scenario
Above 4698.00 look for further upside with 4722.00 & 4747.00 as targets.

Comment
As long as 4698.00 is resistance, expect a return to 4640.00.

Nasdaq 100 (CME)

may fall to 15850.00 – 15990.00

Pivot
16235.00

Our preference
Short positions below 16235.00 with targets at 15990.00 & 15850.00 in extension.

Alternative scenario
Above 16235.00 look for further upside with 16325.00 & 16435.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Hang Seng (HKFE)

may fall to 23250.00 – 23500.00

Pivot
23915.00

Our preference
Short positions below 23915.00 with targets at 23500.00 & 23250.00 in extension.

Alternative scenario
Above 23915.00 look for further upside with 24100.00 & 24390.00 as targets.

Comment
As long as 23915.00 is resistance, likely decline to 23500.00.

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.