1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Jan 10 for the period of up to 2 weeks
+0.207 (20.7 pips) price change since the Technical Event at 83.220

Technical Analysis

We found a pattern called Triple Bottom on 2022 Jan 10 at 03:00 GMT on a 1 hour chart, providing a target price for up to 2 weeks in the range of 83.750 to 83.850.

The price crossed above its moving average on 2022 Jan 12 at 14:00 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
+1.267 (126.7 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 12 at 05:00 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 18 – 38 pips

Pivot
1.1410

Our preference
Long positions above 1.1410 with targets at 1.1460 & 1.1480 in extension.

Alternative scenario
Below 1.1410 look for further downside with 1.1390 & 1.1370 as targets.

Comment
The RSI is bullish and calls for further advance.

GBP/USD

may rise 22 – 42 pips

Pivot
1.3670

Our preference
Long positions above 1.3670 with targets at 1.3730 & 1.3750 in extension.

Alternative scenario
Below 1.3670 look for further downside with 1.3645 & 1.3620 as targets.

Comment
The RSI advocates for further upside.

USD/CAD

may fall 23 – 63 pips

Pivot
1.2550

Our preference
Short positions below 1.2550 with targets at 1.2480 & 1.2440 in extension.

Alternative scenario
Above 1.2550 look for further upside with 1.2580 & 1.2610 as targets.

Comment
The RSI advocates for further downside.

Gold

may rise to 1831.00 – 1839.00

Pivot
1814.00

Our preference
Long positions above 1814.00 with targets at 1831.00 & 1839.00 in extension.

Alternative scenario
Below 1814.00 look for further downside with 1808.00 & 1801.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

may rise to 83.50 – 84.30

Pivot
81.80

Our preference
Long positions above 81.80 with targets at 83.50 & 84.30 in extension.

Alternative scenario
Below 81.80 look for further downside with 81.15 & 80.45 as targets.

Comment
The RSI is bullish and calls for further upside.

S&P 500 (CME)

may rise to 4739.00 – 4782.00

Pivot
4687.00

Our preference
Long positions above 4687.00 with targets at 4739.00 & 4782.00 in extension.

Alternative scenario
Below 4687.00 look for further downside with 4635.00 & 4608.00 as targets.

Comment
The break above 4687.00 is a positive signal that has opened a path to 4739.00.

Nasdaq 100 (CME)

may rise to 16010.00 – 16290.00

Pivot
15760.00

Our preference
Long positions above 15760.00 with targets at 16010.00 & 16290.00 in extension.

Alternative scenario
Below 15760.00 look for further downside with 15540.00 & 15360.00 as targets.

Comment
The RSI calls for a new upleg.

Hang Seng (HKFE)

may rise to 24810.00 – 25120.00

Pivot
24290.00

Our preference
Long positions above 24290.00 with targets at 24810.00 & 25120.00 in extension.

Alternative scenario
Below 24290.00 look for further downside with 24000.00 & 23790.00 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.