1. Daily technical analysis of selected currency pairs



EUR/JPY Bullish

Image Features: forms “Key Reversal Bar (Bullish)” pattern

Target
Opportunity recognized 2021 Dec 14 for the period of up to 12 hours
+0.107 (10.7 pips) price change since the Technical Event at 128.041

Technical Analysis

We found a pattern called Key Reversal Bar (Bullish) on 2021 Dec 14 at 22:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2021 Dec 15 at 01:00 GMT signaling a new uptrend has been established.

USD/JPY Bullish

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

Target
Opportunity recognized 2021 Dec 07 for the period of up to 2 weeks
+0.080 (8 pips) price change since the Technical Event at 113.621

Technical Analysis

We found a pattern called Double Bottom on 2021 Dec 07 at 05:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 114.600 to 114.800.

On 2021 Dec 14 at 05:00 GMT, the 4-bar Moving Average crossed above the 9-bar MA which crossed above the 18-bar MA, signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 12 – 27 pips

Pivot
1.1280

Our preference
Short positions below 1.1280 with targets at 1.1245 & 1.1230 in extension.

Alternative scenario
Above 1.1280 look for further upside with 1.1295 & 1.1310 as targets.

Comment
A break below 1.1245 would trigger a drop towards 1.1230.

GBP/USD

may fall 18 – 43 pips

Pivot
1.3255

Our preference
Short positions below 1.3255 with targets at 1.3210 & 1.3185 in extension.

Alternative scenario
Above 1.3255 look for further upside with 1.3275 & 1.3295 as targets.

Comment
A break below 1.3210 would trigger a drop towards 1.3185.

USD/CAD

may rise 18 – 48 pips

Pivot
1.2825

Our preference
Long positions above 1.2825 with targets at 1.2880 & 1.2910 in extension.

Alternative scenario
Below 1.2825 look for further downside with 1.2795 & 1.2785 as targets.

Comment
The RSI advocates for further upside.

Gold

may fall to 1759.00 – 1766.00

Pivot
1780.00

Our preference
Short positions below 1780.00 with targets at 1766.00 & 1759.00 in extension.

Alternative scenario
Above 1780.00 look for further upside with 1785.00 & 1790.00 as targets.

Comment
As long as the resistance at 1780.00 is not surpassed, the risk of the break below 1766.00 remains high.

Crude Oil (WTI)

may fall to 68.85 – 69.60

Pivot
71.15

Our preference
Short positions below 71.15 with targets at 69.60 & 68.85 in extension.

Alternative scenario
Above 71.15 look for further upside with 72.00 & 72.90 as targets.

Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.

S&P 500 (CME)

may fall to 4570.00 – 4595.00

Pivot
4655.00

Our preference
Short positions below 4655.00 with targets at 4595.00 & 4570.00 in extension.

Alternative scenario
Above 4655.00 look for further upside with 4680.00 & 4700.00 as targets.

Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Nasdaq 100 (CME)

may fall to 15570.00 – 15735.00

Pivot
16020.00

Our preference
Short positions below 16020.00 with targets at 15735.00 & 15570.00 in extension.

Alternative scenario
Above 16020.00 look for further upside with 16190.00 & 16310.00 as targets.

Comment
The upward potential is likely to be limited by the resistance at 16020.00.

Hang Seng (HKFE)

may fall to 23250.00 – 23450.00

Pivot
23830.00

Our preference
Short positions below 23830.00 with targets at 23450.00 & 23250.00 in extension.

Alternative scenario
Above 23830.00 look for further upside with 24040.00 & 24180.00 as targets.

Comment
As long as the resistance at 23830.00 is not surpassed, the risk of the break below 23450.00 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.