1. Daily technical analysis of selected currency pairs



AUD/JPY Bearish

Image Features: forms “Hanging Man (Bearish)” pattern

Target
Opportunity recognized 2022 Jan 26 for the period of up to 12 hours
-0.033 (3.3 pips) price change since the Technical Event at 81.566

Technical Analysis

We found a pattern called Hanging Man on 2022 Jan 26 at 02:30 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.

On 2022 Jan 26 at 02:00 GMT, the 4-bar Moving Average crossed below the 9-bar MA which crossed below the 18-bar MA, signaling a new downtrend has been established.

EUR/JPY Bullish

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

Target
Opportunity recognized 2022 Jan 26 for the period of up to 12 hours
+0.075 (7.5 pips) price change since the Technical Event at 128.665

Technical Analysis

We found a pattern called Engulfing Line (Bullish) on 2022 Jan 26 at 01:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The MACD generated a bullish signal on 2022 Jan 26 at 02:15 GMT.

2. Daily Analyst’s View



EUR/USD

may rise 10 – 30 pips

Pivot
1.1285

Our preference
Long positions above 1.1285 with targets at 1.1315 & 1.1335 in extension.

Alternative scenario
Below 1.1285 look for further downside with 1.1265 & 1.1250 as targets.

Comment
The RSI advocates for further advance.

GBP/USD

may rise 11 – 41 pips

Pivot
1.3485

Our preference
Long positions above 1.3485 with targets at 1.3530 & 1.3560 in extension.

Alternative scenario
Below 1.3485 look for further downside with 1.3460 & 1.3440 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/CAD

may fall 22 – 47 pips

Pivot
1.2640

Our preference
Short positions below 1.2640 with targets at 1.2580 & 1.2555 in extension.

Alternative scenario
Above 1.2640 look for further upside with 1.2665 & 1.2690 as targets.

Comment
The RSI is bearish and calls for further downside.

Gold

may rise to 1858.00 – 1865.00

Pivot
1840.00

Our preference
Long positions above 1840.00 with targets at 1858.00 & 1865.00 in extension.

Alternative scenario
Below 1840.00 look for further downside with 1834.00 & 1828.00 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

may rise to 86.05 – 87.25

Pivot
84.20

Our preference
Long positions above 84.20 with targets at 86.05 & 87.25 in extension.

Alternative scenario
Below 84.20 look for further downside with 83.40 & 82.65 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500 (CME)

may rise to 4425.00 – 4484.00

Pivot
4267.00

Our preference
Long positions above 4267.00 with targets at 4425.00 & 4484.00 in extension.

Alternative scenario
Below 4267.00 look for further downside with 4213.00 & 4163.00 as targets.

Comment
The RSI is mixed to bullish.

Nasdaq 100 (CME)

may rise to 14560.00 – 14830.00

Pivot
13920.00

Our preference
Long positions above 13920.00 with targets at 14560.00 & 14830.00 in extension.

Alternative scenario
Below 13920.00 look for further downside with 13670.00 & 13430.00 as targets.

Comment
A support base at 13920.00 has formed and has allowed for a temporary stabilisation.

Hang Seng (HKFE)

may rise to 24580.00 – 24770.00

Pivot
24165.00

Our preference
Long positions above 24165.00 with targets at 24580.00 & 24770.00 in extension.

Alternative scenario
Below 24165.00 look for further downside with 23990.00 & 23800.00 as targets.

Comment
The RSI advocates for further upside.

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.