1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Inside Bar (Bullish)” pattern

Target
Opportunity recognized 2022 Jan 07 for the period of up to 12 hours
+0.352 (35.2 pips) price change since the Technical Event at 82.915

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 Jan 07 at 15:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.

The CCI triggered a bullish signal on 2022 Jan 10 at 01:00 GMT by crossing above the +100% level.

EUR/JPY Bearish

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

Target
Opportunity recognized 2022 Jan 09 for the period of up to 12 hours
+0.072 (7.2 pips) price change since the Technical Event at 131.228

Technical Analysis

We found a pattern called Engulfing Line (Bearish) on 2022 Jan 09 at 23:30 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

The Momentum oscillator crossed below 0 on 2022 Jan 10 at 01:00 GMT, thereby signaling a new accelerating downtrend.

2. Daily Analyst’s View



EUR/USD

may rise 17 – 32 pips

Pivot
1.1335

Our preference
Long positions above 1.1335 with targets at 1.1365 & 1.1380 in extension.

Alternative scenario
Below 1.1335 look for further downside with 1.1315 & 1.1295 as targets.

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

GBP/USD

may rise 10 – 25 pips

Pivot
1.3570

Our preference
Long positions above 1.3570 with targets at 1.3605 & 1.3620 in extension.

Alternative scenario
Below 1.3570 look for further downside with 1.3555 & 1.3535 as targets.

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

USD/CAD

may fall 20 – 40 pips

Pivot
1.2670

Our preference
Short positions below 1.2670 with targets at 1.2615 & 1.2595 in extension.

Alternative scenario
Above 1.2670 look for further upside with 1.2700 & 1.2725 as targets.

Comment
As long as the resistance at 1.2670 is not surpassed, the risk of the break below 1.2615 remains high.

Gold

may rise to 1801.00 – 1807.00

Pivot
1786.00

Our preference
Long positions above 1786.00 with targets at 1801.00 & 1807.00 in extension.

Alternative scenario
Below 1786.00 look for further downside with 1780.00 & 1774.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

may rise to 81.90 – 94.60

Pivot
66.20

Our preference
Long positions above 66.20 with targets at 81.90 & 94.60 in extension.

Alternative scenario
Below 66.20 look for further downside with 60.40 & 54.90 as targets.

Comment
The RSI advocates for further advance.

S&P 500 (CME)

may fall to 4600.00 – 4622.00

Pivot
4688.00

Our preference
Short positions below 4688.00 with targets at 4622.00 & 4600.00 in extension.

Alternative scenario
Above 4688.00 look for further upside with 4715.00 & 4742.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Nasdaq 100 (CME)

may fall to 15280.00 – 15370.00

Pivot
15720.00

Our preference
Short positions below 15720.00 with targets at 15370.00 & 15280.00 in extension.

Alternative scenario
Above 15720.00 look for further upside with 15845.00 & 15980.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Hang Seng (HKFE)

may rise to 23740.00 – 23900.00

Pivot
23310.00

Our preference
Long positions above 23310.00 with targets at 23740.00 & 23900.00 in extension.

Alternative scenario
Below 23310.00 look for further downside with 23050.00 & 22860.00 as targets.

Comment
The RSI is bullish and calls for further advance.

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.