Doo Prime Daily Featured Trading Strategies – January 11, 2022 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – January 11, 2022
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1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Jan 10 for the period of up to 48 hours
+0.267 (26.7 pips) price change since the Technical Event at 82.713

Technical Analysis

We found a pattern called Megaphone Bottom on 2022 Jan 10 at 23:30 GMT on a 15 minute chart, providing a target price for up to 48 hours in the range of 83.020 to 83.080.

The price crossed above its moving average on 2022 Jan 11 at 03:30 GMT signaling a new uptrend has been established.

CAD/JPY Bullish

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

Target
Opportunity recognized 2021 Dec 31 for the period of up to 2 weeks
+0.839 (83.9 pips) price change since the Technical Event at 90.365

Technical Analysis

We found a pattern called Megaphone Bottom on 2021 Dec 31 at 09:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 93.000 to 93.600.

On 2022 Jan 07 at 21:00 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 rise 11 – 26 pips

Pivot
1.1320

Our preference
Long positions above 1.1320 with targets at 1.1350 & 1.1365 in extension.

Alternative scenario
Below 1.1320 look for further downside with 1.1305 & 1.1290 as targets.

Comment
The RSI advocates for further upside.

GBP/USD

may rise 17 – 32 pips

Pivot
1.3560

Our preference
Long positions above 1.3560 with targets at 1.3605 & 1.3620 in extension.

Alternative scenario
Below 1.3560 look for further downside with 1.3545 & 1.3530 as targets.

Comment
The RSI shows upside momentum.

USD/CAD

may fall 20 – 45 pips

Pivot
1.2680

Our preference
Short positions below 1.2680 with targets at 1.2635 & 1.2610 in extension.

Alternative scenario
Above 1.2680 look for further upside with 1.2700 & 1.2725 as targets.

Comment
As long as the resistance at 1.2680 is not surpassed, the risk of the break below 1.2635 remains high.

Gold

may rise to 1815.00 – 1822.00

Pivot
1790.00

Our preference
Long positions above 1790.00 with targets at 1815.00 & 1822.00 in extension.

Alternative scenario
Below 1790.00 look for further downside with 1782.00 & 1774.00 as targets.

Comment
The RSI advocates for further upside.

Crude Oil (WTI)

may fall to 77.15 – 77.85

Pivot
79.30

Our preference
Short positions below 79.30 with targets at 77.85 & 77.15 in extension.

Alternative scenario
Above 79.30 look for further upside with 79.85 & 80.45 as targets.

Comment
As long as the resistance at 79.30 is not surpassed, the risk of the break below 77.85 remains high.

S&P 500 (CME)

may rise to 4685.00 – 4715.00

Pivot
4623.00

Our preference
Long positions above 4623.00 with targets at 4685.00 & 4715.00 in extension.

Alternative scenario
Below 4623.00 look for further downside with 4572.00 & 4525.00 as targets.

Comment
The RSI calls for a bounce.

Nasdaq 100 (CME)

may rise to 15800.00 – 15970.00

Pivot
15370.00

Our preference
Long positions above 15370.00 with targets at 15800.00 & 15970.00 in extension.

Alternative scenario
Below 15370.00 look for further downside with 15130.00 & 15020.00 as targets.

Comment
The next resistances are at 15800.00 and then at 15970.00.

Hang Seng (HKFE)

may rise to 23790.00 – 24030.00

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Pivot
23450.00

Our preference
Long positions above 23450.00 with targets at 23790.00 & 24030.00 in extension.

Alternative scenario
Below 23450.00 look for further downside with 23240.00 & 23050.00 as targets.

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

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.

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