1. Daily technical analysis of selected currency pairs



CAD/JPY Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Dec 03 for the period of up to 12 hours
+0.286 (28.6 pips) price change since the Technical Event at 87.788

Technical Analysis

We found a pattern called Hammer on 2021 Dec 03 at 22:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.

The Momentum oscillator crossed above 0 on 2021 Dec 06 at 02:00 GMT, thereby signaling a new accelerating uptrend.

AUD/JPY Bearish

Image Features: forms “Flag (Bearish)” pattern

Target
Opportunity recognized 2021 Dec 06 for the period of up to 12 hours
-0.024 (2.4 pips) price change since the Technical Event at 79.353

Technical Analysis

We found a pattern called Flag (Bearish) on 2021 Dec 06 at 02:45 GMT on a 15 minute chart, providing a target price for up to 12 hours in the range of 79.070 to 79.130.

A bearish event triggered for Fast Stochastics on 2021 Dec 06 at 03:00 GMT when the %K line crossed below the %D line. The close prices are trading closer to the lower end of the recent high-low price range, which is associated with price decreases.

2. Daily Analyst’s View



EUR/USD

may rise 28 – 43 pips

Pivot
1.1290

Our preference
Long positions above 1.1290 with targets at 1.1330 & 1.1345 in extension.

Alternative scenario
Below 1.1290 look for further downside with 1.1270 & 1.1255 as targets.

Comment
A support base at 1.1290 has formed and has allowed for a temporary stabilisation.

GBP/USD

may fall 25 – 40 pips

Pivot
1.3265

Our preference
Short positions below 1.3265 with targets at 1.3210 & 1.3195 in extension.

Alternative scenario
Above 1.3265 look for further upside with 1.3285 & 1.3305 as targets.

Comment
As long as the resistance at 1.3265 is not surpassed, the risk of the break below 1.3210 remains high.

USD/CAD

may rise 27 – 47 pips

Pivot
1.2800

Our preference
Long positions above 1.2800 with targets at 1.2860 & 1.2880 in extension.

Alternative scenario
Below 1.2800 look for further downside with 1.2775 & 1.2750 as targets.

Comment
The RSI lacks downward momentum.

Gold

may rise to 1795.00 – 1808.00

Pivot
1770.00

Our preference
Long positions above 1770.00 with targets at 1795.00 & 1808.00 in extension.

Alternative scenario
Below 1770.00 look for further downside with 1761.00 & 1755.00 as targets.

Comment
The RSI calls for a rebound.

Crude Oil (WTI)

may rise to 68.20 – 69.30

Pivot
66.20

Our preference
Long positions above 66.20 with targets at 68.20 & 69.30 in extension.

Alternative scenario
Below 66.20 look for further downside with 65.50 & 64.40 as targets.

Comment
The RSI calls for a bounce.

S&P 500 (CME)

may rise to 4607.00 – 4646.00

Pivot
4498.00

Our preference
Long positions above 4498.00 with targets at 4607.00 & 4646.00 in extension.

Alternative scenario
Below 4498.00 look for further downside with 4458.00 & 4420.00 as targets.

Comment
The RSI calls for a rebound.

Nasdaq 100 (CME)

may fall to 15420.00 – 15540.00

Pivot
15840.00

Our preference
Short positions below 15840.00 with targets at 15540.00 & 15420.00 in extension.

Alternative scenario
Above 15840.00 look for further upside with 16120.00 & 16245.00 as targets.

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

Hang Seng (HKFE)

may fall to 23100.00 – 23260.00

Pivot
23470.00

Our preference
Short positions below 23470.00 with targets at 23260.00 & 23100.00 in extension.

Alternative scenario
Above 23470.00 look for further upside with 23620.00 & 23845.00 as targets.

Comment
The RSI shows downside momentum.

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.