1. Daily technical analysis of selected currency pairs



AUD/JPY Bearish

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

Target
Opportunity recognized 2022 Jan 07 for the period of up to 12 hours
-0.131 (13.1 pips) price change since the Technical Event at 83.130

Technical Analysis

We found a pattern called Engulfing Line (Bearish) on 2022 Jan 07 at 02:00 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

The price crossed below its moving average on 2022 Jan 07 at 04:00 GMT signaling a new downtrend has been established.

CAD/JPY Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2022 Jan 07 for the period of up to 12 hours
-0.044 (4.4 pips) price change since the Technical Event at 91.160

Technical Analysis

We found a pattern called Hammer on 2022 Jan 07 at 02:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2022 Jan 07 at 03:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 26 – 41 pips

Pivot
1.1315

Our preference
Short positions below 1.1315 with targets at 1.1270 & 1.1255 in extension.

Alternative scenario
Above 1.1315 look for further upside with 1.1330 & 1.1345 as targets.

Comment
As long as the resistance at 1.1315 is not surpassed, the risk of the break below 1.1270 remains high.

GBP/USD

may fall 26 – 46 pips

Pivot
1.3560

Our preference
Short positions below 1.3560 with targets at 1.3520 & 1.3500 in extension.

Alternative scenario
Above 1.3560 look for further upside with 1.3580 & 1.3600 as targets.

Comment
As long as 1.3560 is resistance, look for choppy price action with a bearish bias.

USD/CAD

may fall 23 – 48 pips

Pivot
1.2750

Our preference
Short positions below 1.2750 with targets at 1.2690 & 1.2665 in extension.

Alternative scenario
Above 1.2750 look for further upside with 1.2770 & 1.2790 as targets.

Comment
The RSI is bearish and calls for further downside.

Gold

may fall to 1772.00 – 1781.00

Pivot
1801.00

Our preference
Short positions below 1801.00 with targets at 1781.00 & 1772.00 in extension.

Alternative scenario
Above 1801.00 look for further upside with 1810.00 & 1815.00 as targets.

Comment
As long as the resistance at 1801.00 is not surpassed, the risk of the break below 1781.00 remains high.

Crude Oil (WTI)

may rise to 80.70 – 81.30

Pivot
78.70

Our preference
Long positions above 78.70 with targets at 80.70 & 81.30 in extension.

Alternative scenario
Below 78.70 look for further downside with 77.80 & 76.80 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500 (CME)

may fall to 4650.00 – 4668.00

Pivot
4710.00

Our preference
Short positions below 4710.00 with targets at 4668.00 & 4650.00 in extension.

Alternative scenario
Above 4710.00 look for further upside with 4742.00 & 4767.00 as targets.

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

Nasdaq 100 (CME)

may fall to 15510.00 – 15620.00

Pivot
15900.00

Our preference
Short positions below 15900.00 with targets at 15620.00 & 15510.00 in extension.

Alternative scenario
Above 15900.00 look for further upside with 16130.00 & 16280.00 as targets.

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

Hang Seng (HKFE)

may rise to 23580.00 – 23740.00

Pivot
23100.00

Our preference
Long positions above 23100.00 with targets at 23580.00 & 23740.00 in extension.

Alternative scenario
Below 23100.00 look for further downside with 22970.00 & 22860.00 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.