1. Daily technical analysis of selected currency pairs



AUD/JPY Bearish

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

Target
Opportunity recognized 2021 Dec 20 for the period of up to 12 hours
-0.087 (8.7 pips) price change since the Technical Event at 80.781

Technical Analysis

We found a pattern called Hanging Man on 2021 Dec 20 at 23:30 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.

The faster moving average crossed below the slower moving average on 2021 Dec 21 at 01:15 GMT, signaling a new downtrend has been established.

GBP/JPY Bearish

Image Features: forms “Engulfing Line (Bearish)” pattern

Target
Opportunity recognized 2021 Dec 20 for the period of up to 12 hours
-0.062 (6.2 pips) price change since the Technical Event at 150.040

Technical Analysis

We found a pattern called Engulfing Line (Bearish) on 2021 Dec 20 at 22:00 GMT on a 1 hour chart suggesting the outlook is bearish for up to 12 hours.

The price crossed below its moving average on 2021 Dec 21 at 01:00 GMT signaling a new downtrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 25 – 40 pips

Pivot
1.1305

Our preference
Short positions below 1.1305 with targets at 1.1250 & 1.1235 in extension.

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

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

GBP/USD

may fall 19 – 39 pips

Pivot
1.3240

Our preference
Short positions below 1.3240 with targets at 1.3190 & 1.3170 in extension.

Alternative scenario
Above 1.3240 look for further upside with 1.3260 & 1.3275 as targets.

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

USD/CAD

may rise 29 – 44 pips

Pivot
1.2910

Our preference
Long positions above 1.2910 with targets at 1.2965 & 1.2980 in extension.

Alternative scenario
Below 1.2910 look for further downside with 1.2895 & 1.2880 as targets.

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

Gold

may fall to 1776.00 – 1782.00

Pivot
1798.00

Our preference
Short positions below 1798.00 with targets at 1782.00 & 1776.00 in extension.

Alternative scenario
Above 1798.00 look for further upside with 1804.00 & 1809.00 as targets.

Comment
The RSI advocates for further decline.

Crude Oil (WTI)

may rise to 70.20 – 71.20

Pivot
67.90

Our preference
Long positions above 67.90 with targets at 70.20 & 71.20 in extension.

Alternative scenario
Below 67.90 look for further downside with 67.10 & 66.10 as targets.

Comment
The RSI shows upside momentum.

S&P 500 (CME)

may rise to 4600.00 – 4635.00

Pivot
4525.00

Our preference
Long positions above 4525.00 with targets at 4600.00 & 4635.00 in extension.

Alternative scenario
Below 4525.00 look for further downside with 4490.00 & 4460.00 as targets.

Comment
The RSI calls for a rebound.

Nasdaq 100 (CME)

may rise to 15780.00 – 15950.00

Pivot
15500.00

Our preference
Long positions above 15500.00 with targets at 15780.00 & 15950.00 in extension.

Alternative scenario
Below 15500.00 look for further downside with 15400.00 & 15280.00 as targets.

Comment
The RSI calls for a rebound.

Hang Seng (HKFE)

may fall to 22560.00 – 22660.00

Pivot
22950.00

Our preference
Short positions below 22950.00 with targets at 22660.00 & 22560.00 in extension.

Alternative scenario
Above 22950.00 look for further upside with 23110.00 & 23260.00 as targets.

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

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.