1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Jan 27 for the period of up to 48 hours
+0.442 (44.2 pips) price change since the Technical Event at 81.244

Technical Analysis

We found a pattern called Double Bottom on 2022 Jan 27 at 09:00 GMT on a 30 minute chart, providing a target price for up to 48 hours in the range of 81.480 to 81.540.

The price crossed above its moving average on 2022 Jan 27 at 12:30 GMT signaling a new uptrend has been established.

EUR/JPY Bullish

Image Features: forms “Two Bar Reversal (Bullish)” pattern

Target
Opportunity recognized 2022 Jan 27 for the period of up to 12 hours
-0.116 (11.6 pips) price change since the Technical Event at 128.729

Technical Analysis

We found a pattern called Two Bar Reversal (Bullish) on 2022 Jan 27 at 09:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.

A bullish event triggered for Slow Stochastics on 2022 Jan 27 at 10:00 GMT when the %K line crossed above the %D line. The close prices are trading closer to the upper end of the recent high-low price range, which is associated with price increases.

2. Daily Analyst’s View



EUR/USD

may fall 27 – 67 pips

Pivot
1.1220

Our preference
Short positions below 1.1220 with targets at 1.1140 & 1.1100 in extension.

Alternative scenario
Above 1.1220 look for further upside with 1.1250 & 1.1270 as targets.

Comment
The RSI has broken down its 30 level.

GBP/USD

may fall to 1.3160 – 1.3265

Pivot
1.3600

Our preference
Short positions below 1.3600 with targets at 1.3265 & 1.3160 in extension.

Alternative scenario
Above 1.3600 look for further upside with 1.3750 & 1.3890 as targets.

Comment
The RSI shows downside momentum.

USD/CAD

may fall 32 – 72 pips

Pivot
1.2730

Our preference
Short positions below 1.2730 with targets at 1.2660 & 1.2620 in extension.

Alternative scenario
Above 1.2730 look for further upside with 1.2765 & 1.2800 as targets.

Comment
The RSI is mixed to bearish.

Gold

may fall to 1782.00 – 1790.00

Pivot
1816.00

Our preference
Short positions below 1816.00 with targets at 1790.00 & 1782.00 in extension.

Alternative scenario
Above 1816.00 look for further upside with 1832.00 & 1852.00 as targets.

Comment
As long as 1816.00 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI)

may rise to 89.00 – 90.00

Pivot
86.30

Our preference
Long positions above 86.30 with targets at 89.00 & 90.00 in extension.

Alternative scenario
Below 86.30 look for further downside with 85.60 & 85.00 as targets.

Comment
The RSI shows upside momentum.

S&P 500 (CME)

may rise to 4425.00 – 4484.00

Pivot
4261.00

Our preference
Long positions above 4261.00 with targets at 4425.00 & 4484.00 in extension.

Alternative scenario
Below 4261.00 look for further downside with 4213.00 & 4130.00 as targets.

Comment
The RSI has just landed on a support around 30% and is reversing up.

Nasdaq 100 (CME)

may rise to 14560.00 – 14830.00

Pivot
13830.00

Our preference
Long positions above 13830.00 with targets at 14560.00 & 14830.00 in extension.

Alternative scenario
Below 13830.00 look for further downside with 13620.00 & 13370.00 as targets.

Comment
A support base at 13830.00 has formed and has allowed for a temporary stabilisation.

Hang Seng (HKFE)

may fall to 23200.00 – 23500.00

Pivot
24050.00

Our preference
Short positions below 24050.00 with targets at 23500.00 & 23200.00 in extension.

Alternative scenario
Above 24050.00 look for further upside with 24330.00 & 24500.00 as targets.

Comment
As long as the resistance at 24050.00 is not surpassed, the risk of the break below 23500.00 remains high.

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.