1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Jan 21 for the period of up to 12 hours
+0.082 (8.2 pips) price change since the Technical Event at 81.936

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 Jan 21 at 02:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The RSI rose above 30 on 2022 Jan 21 at 00:00 GMT, telling us the price is starting to recover from being oversold.

CAD/JPY Bullish

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

Target
Opportunity recognized 2022 Jan 21 for the period of up to 12 hours
-0.200 (20 pips) price change since the Technical Event at 91.176

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 Jan 21 at 00:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The RSI rose above 30 on 2022 Jan 21 at 00:00 GMT, telling us the price is starting to recover from being oversold.

2. Daily Analyst’s View



EUR/USD

may fall 21 – 36 pips

Pivot
1.1335

Our preference
Short positions below 1.1335 with targets at 1.1290 & 1.1275 in extension.

Alternative scenario
Above 1.1335 look for further upside with 1.1350 & 1.1365 as targets.

Comment
The RSI is bearish and calls for further decline.

GBP/USD

may fall 24 – 44 pips

Pivot
1.3620

Our preference
Short positions below 1.3620 with targets at 1.3570 & 1.3550 in extension.

Alternative scenario
Above 1.3620 look for further upside with 1.3640 & 1.3660 as targets.

Comment
The RSI calls for a new downleg.

USD/CAD

may rise 22 – 42 pips

Pivot
1.2480

Our preference
Long positions above 1.2480 with targets at 1.2525 & 1.2545 in extension.

Alternative scenario
Below 1.2480 look for further downside with 1.2465 & 1.2450 as targets.

Comment
The RSI advocates for further upside.

Gold

may rise to 1848.00 – 1856.00

Pivot
1828.00

Our preference
Long positions above 1828.00 with targets at 1848.00 & 1856.00 in extension.

Alternative scenario
Below 1828.00 look for further downside with 1822.00 & 1816.00 as targets.

Comment
The immediate trend remains up but the momentum is weak.

Crude Oil (WTI)

may fall to 81.65 – 82.95

Pivot
85.15

Our preference
Short positions below 85.15 with targets at 82.95 & 81.65 in extension.

Alternative scenario
Above 85.15 look for further upside with 86.25 & 87.10 as targets.

Comment
The RSI has broken down its 30 level.

S&P 500 (CME)

may fall to 4380.00 – 4412.00

Pivot
4515.00

Our preference
Short positions below 4515.00 with targets at 4412.00 & 4380.00 in extension.

Alternative scenario
Above 4515.00 look for further upside with 4538.00 & 4560.00 as targets.

Comment
The RSI has broken down its 30 level.

Nasdaq 100 (CME)

may fall to 14370.00 – 14500.00

Pivot
14970.00

Our preference
Short positions below 14970.00 with targets at 14500.00 & 14370.00 in extension.

Alternative scenario
Above 14970.00 look for further upside with 15080.00 & 15190.00 as targets.

Comment
The RSI has broken down its 30 level.

Hang Seng (HKFE)

may rise to 25220.00 – 25440.00

Pivot
24825.00

Our preference
Long positions above 24825.00 with targets at 25220.00 & 25440.00 in extension.

Alternative scenario
Below 24825.00 look for further downside with 24560.00 & 24400.00 as targets.

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

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.