1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Jan 04 for the period of up to 48 hours
+0.832 (83.2 pips) price change since the Technical Event at 83.048

Technical Analysis

We found a pattern called Outside Bar (Bullish) on 2022 Jan 04 at 01:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.

The Momentum oscillator crossed above 0 on 2022 Jan 04 at 17:00 GMT, thereby signaling a new accelerating uptrend.

CAD/JPY Bullish

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

Target
Opportunity recognized 2021 Dec 31 for the period of up to 2 weeks
+0.869 (86.9 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.

The faster moving average crossed above the slower moving average on 2021 Dec 31 at 13:00 GMT, signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 12 – 27 pips

Pivot
1.1305

Our preference
Short positions below 1.1305 with targets at 1.1275 & 1.1260 in extension.

Alternative scenario
Above 1.1305 look for further upside with 1.1325 & 1.1345 as targets.

Comment
A break below 1.1275 would trigger a drop towards 1.1260.

GBP/USD

may rise 22 – 37 pips

Pivot
1.3515

Our preference
Long positions above 1.3515 with targets at 1.3555 & 1.3570 in extension.

Alternative scenario
Below 1.3515 look for further downside with 1.3495 & 1.3475 as targets.

Comment
A support base at 1.3515 has formed and has allowed for a temporary stabilisation.

USD/CAD

may fall 21 – 41 pips

Pivot
1.2725

Our preference
Short positions below 1.2725 with targets at 1.2690 & 1.2670 in extension.

Alternative scenario
Above 1.2725 look for further upside with 1.2745 & 1.2765 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.2725.

Gold

may rise to 1820.00 – 1827.00

Pivot
1804.00

Our preference
Long positions above 1804.00 with targets at 1820.00 & 1827.00 in extension.

Alternative scenario
Below 1804.00 look for further downside with 1797.00 & 1790.00 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

may rise to 81.90 – 87.30

Pivot
70.15

Our preference
Long positions above 70.15 with targets at 81.90 & 87.30 in extension.

Alternative scenario
Below 70.15 look for further downside with 66.20 & 62.35 as targets.

Comment
The RSI is bullish and calls for further upside.

S&P 500 (CME)

may fall to 4754.00 – 4764.00

Pivot
4791.00

Our preference
Short positions below 4791.00 with targets at 4764.00 & 4754.00 in extension.

Alternative scenario
Above 4791.00 look for further upside with 4805.00 & 4815.00 as targets.

Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.

Nasdaq 100 (CME)

may fall to 16040.00 – 16120.00

Pivot
16315.00

Our preference
Short positions below 16315.00 with targets at 16120.00 & 16040.00 in extension.

Alternative scenario
Above 16315.00 look for further upside with 16450.00 & 16570.00 as targets.

Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.

Hang Seng (HKFE)

may fall to 22930.00 – 23130.00

Pivot
23420.00

Our preference
Short positions below 23420.00 with targets at 23130.00 & 22930.00 in extension.

Alternative scenario
Above 23420.00 look for further upside with 23600.00 & 23700.00 as targets.

Comment
As long as 23420.00 is resistance, look for choppy price action with a bearish bias.

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.