1. Daily technical analysis of selected currency pairs



AUD/JPY Bearish

Image Features: forms “Head and Shoulders Top (Bearish)” pattern

Target
Opportunity recognized 2021 Nov 02 for the period of up to 2 weeks
-3.806 (380.6 pips) price change since the Technical Event at 84.836

Technical Analysis

We found a pattern called Head and Shoulders Top on 2021 Nov 02 at 09:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 82.700 to 83.100.

The price crossed below its moving average on 2021 Nov 16 at 09:00 GMT signaling a new downtrend has been established.

GBP/JPY Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Dec 07 for the period of up to 12 hours
+0.103 (10.3 pips) price change since the Technical Event at 150.354

Technical Analysis

We found a pattern called Hammer on 2021 Dec 07 at 23:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The CCI triggered a bullish signal on 2021 Dec 08 at 03:00 GMT by crossing above the +100% level.

2. Daily Analyst’s View



EUR/USD

may rise 17 – 32 pips

Pivot
1.1245

Our preference
Long positions above 1.1245 with targets at 1.1285 & 1.1300 in extension.

Alternative scenario
Below 1.1245 look for further downside with 1.1225 & 1.1205 as targets.

Comment
The RSI calls for a rebound.

GBP/USD

may rise 15 – 40 pips

Pivot
1.3220

Our preference
Long positions above 1.3220 with targets at 1.3265 & 1.3290 in extension.

Alternative scenario
Below 1.3220 look for further downside with 1.3205 & 1.3190 as targets.

Comment
The RSI calls for a rebound.

USD/CAD

may fall 24 – 49 pips

Pivot
1.2685

Our preference
Short positions below 1.2685 with targets at 1.2620 & 1.2595 in extension.

Alternative scenario
Above 1.2685 look for further upside with 1.2715 & 1.2750 as targets.

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

Gold

may rise to 1792.00 – 1797.00

Pivot
1777.00

Our preference
Long positions above 1777.00 with targets at 1792.00 & 1797.00 in extension.

Alternative scenario
Below 1777.00 look for further downside with 1772.00 & 1766.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

may rise to 73.00 – 74.20

Pivot
70.90

Our preference
Long positions above 70.90 with targets at 73.00 & 74.20 in extension.

Alternative scenario
Below 70.90 look for further downside with 69.60 & 68.50 as targets.

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

S&P 500 (CME)

may rise to 4726.00 – 4747.00

Pivot
4656.00

Our preference
Long positions above 4656.00 with targets at 4726.00 & 4747.00 in extension.

Alternative scenario
Below 4656.00 look for further downside with 4607.00 & 4558.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Nasdaq 100 (CME)

may rise to 16570.00 – 16700.00

Pivot
16090.00

Our preference
Long positions above 16090.00 with targets at 16570.00 & 16700.00 in extension.

Alternative scenario
Below 16090.00 look for further downside with 15880.00 & 15680.00 as targets.

Comment
The RSI calls for a new upleg.

Hang Seng (HKFE)

may rise to 24230.00 – 24450.00

Pivot
23810.00

Our preference
Long positions above 23810.00 with targets at 24230.00 & 24450.00 in extension.

Alternative scenario
Below 23810.00 look for further downside with 23550.00 & 23270.00 as targets.

Comment
The RSI is mixed to bullish.

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.