1. Daily technical analysis of selected currency pairs



GBP/JPY Bullish

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

Target
Opportunity recognized 2021 Jul 22 for the period of up to 12 hours
+0.152 (15.2 pips) price change since the Technical Event at 151.598

Technical Analysis

We found a pattern called Outside Bar (Bullish) on 2021 Jul 22 at 17:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.

The Momentum oscillator crossed above 0 on 2021 Jul 22 at 23:00 GMT, thereby signaling a new accelerating uptrend.

SGD/HKD Bullish

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

Target
Opportunity recognized 2021 Jul 23 for the period of up to 12 hours
-0.00073 (7.3 pips) price change since the Technical Event at 5.71620

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Jul 23 at 02:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

A bullish event triggered for Slow Stochastics on 2021 Jul 23 at 03:30 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 rise 13 – 28 pips

Pivot
1.1755

Our preference
Long positions above 1.1755 with targets at 1.1785 & 1.1800 in extension.

Alternative scenario
Below 1.1755 look for further downside with 1.1740 & 1.1725 as targets.

Comment
A support base at 1.1755 has formed and has allowed for a temporary stabilisation.

GBP/USD

may rise 25 – 40 pips

Pivot
1.3740

Our preference
Long positions above 1.3740 with targets at 1.3785 & 1.3800 in extension.

Alternative scenario
Below 1.3740 look for further downside with 1.3715 & 1.3690 as targets.

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

USD/CAD

may rise 21 – 51 pips

Pivot
1.2535

Our preference
Long positions above 1.2535 with targets at 1.2590 & 1.2620 in extension.

Alternative scenario
Below 1.2535 look for further downside with 1.2510 & 1.2485 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

Gold

may rise to 1814.00 – 1819.00

Pivot
1799.00

Our preference
Long positions above 1799.00 with targets at 1814.00 & 1819.00 in extension.

Alternative scenario
Below 1799.00 look for further downside with 1792.00 & 1785.00 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

may rise to 73.15 – 74.25

Pivot
70.10

Our preference
Long positions above 70.10 with targets at 73.15 & 74.25 in extension.

Alternative scenario
Below 70.10 look for further downside with 69.00 & 67.80 as targets.

Comment
The RSI is bullish and calls for further upside.

S&P 500 (CME)

may rise to 4400.00 – 4420.00

Pivot
4333.00

Our preference
Long positions above 4333.00 with targets at 4400.00 & 4420.00 in extension.

Alternative scenario
Below 4333.00 look for further downside with 4310.00 & 4284.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Nasdaq 100 (CME)

may rise to 15070.00 – 15130.00

Pivot
14850.00

Our preference
Long positions above 14850.00 with targets at 15070.00 & 15130.00 in extension.

Alternative scenario
Below 14850.00 look for further downside with 14780.00 & 14735.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Hang Seng (HKFE)

may rise to 27765.00 – 28040.00

Pivot
27360.00

Our preference
Long positions above 27360.00 with targets at 27765.00 & 28040.00 in extension.

Alternative scenario
Below 27360.00 look for further downside with 27145.00 & 26920.00 as targets.

Comment
The RSI is mixed and calls for caution.

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.