1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Inverted Hammer (Bullish)” pattern

Target
Opportunity recognized 2022 Jan 11 for the period of up to 12 hours
+0.164 (16.4 pips) price change since the Technical Event at 83.110

Technical Analysis

We found a pattern called Inverted Hammer on 2022 Jan 11 at 22:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The MACD generated a bullish signal on 2022 Jan 12 at 03:30 GMT.

EUR/JPY Bearish

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

Target
Opportunity recognized 2022 Jan 11 for the period of up to 12 hours
+0.134 (13.4 pips) price change since the Technical Event at 131.090

Technical Analysis

We found a pattern called Inside Bar (Bearish) on 2022 Jan 11 at 18:00 GMT on a 1 hour chart suggesting the outlook is bearish for up to 12 hours.

A bearish event triggered for Fast Stochastics on 2022 Jan 11 at 23:00 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 13 – 28 pips

Pivot
1.1350

Our preference
Long positions above 1.1350 with targets at 1.1385 & 1.1400 in extension.

Alternative scenario
Below 1.1350 look for further downside with 1.1335 & 1.1320 as targets.

Comment
The RSI is bullish and calls for further advance.

GBP/USD

may rise 16 – 36 pips

Pivot
1.3610

Our preference
Long positions above 1.3610 with targets at 1.3655 & 1.3675 in extension.

Alternative scenario
Below 1.3610 look for further downside with 1.3590 & 1.3570 as targets.

Comment
The break above 1.3610 is a positive signal that has opened a path to 1.3655.

USD/CAD

may fall 21 – 46 pips

Pivot
1.2600

Our preference
Short positions below 1.2600 with targets at 1.2540 & 1.2515 in extension.

Alternative scenario
Above 1.2600 look for further upside with 1.2630 & 1.2660 as targets.

Comment
A break below 1.2540 would trigger a drop towards 1.2515.

Gold

may rise to 1829.00 – 1836.00

Pivot
1810.00

Our preference
Long positions above 1810.00 with targets at 1829.00 & 1836.00 in extension.

Alternative scenario
Below 1810.00 look for further downside with 1803.00 & 1795.00 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

may rise to 82.40 – 83.30

Pivot
80.10

Our preference
Long positions above 80.10 with targets at 82.40 & 83.30 in extension.

Alternative scenario
Below 80.10 look for further downside with 79.50 & 78.85 as targets.

Comment
The next resistances are at 82.40 and then at 83.30.

S&P 500 (CME)

may rise to 4750.00 – 4782.00

Pivot
4635.00

Our preference
Long positions above 4635.00 with targets at 4750.00 & 4782.00 in extension.

Alternative scenario
Below 4635.00 look for further downside with 4572.00 & 4525.00 as targets.

Comment
The next resistances are at 4750.00 and then at 4782.00.

Nasdaq 100 (CME)

may rise to 15970.00 – 16140.00

Pivot
15560.00

Our preference
Long positions above 15560.00 with targets at 15970.00 & 16140.00 in extension.

Alternative scenario
Below 15560.00 look for further downside with 15360.00 & 15150.00 as targets.

Comment
The next resistances are at 15970.00 and then at 16140.00.

Hang Seng (HKFE)

may rise to 24140.00 – 24300.00

Pivot
23730.00

Our preference
Long positions above 23730.00 with targets at 24140.00 & 24300.00 in extension.

Alternative scenario
Below 23730.00 look for further downside with 23560.00 & 23400.00 as targets.

Comment
The RSI shows upside 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.