1. Daily technical analysis of selected currency pairs



CAD/JPY Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Jul 26 for the period of up to 12 hours
+0.004 (0.4 pips) price change since the Technical Event at 87.696

Technical Analysis

We found a pattern called Hammer on 2021 Jul 26 at 02:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The RSI rose above 30 on 2021 Jul 26 at 01:30 GMT, telling us the price is starting to recover from being oversold.

GBP/EUR Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Jul 26 for the period of up to 12 hours
-0.00042 (4.2 pips) price change since the Technical Event at 1.16827

Technical Analysis

We found a pattern called Hammer on 2021 Jul 26 at 01:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The Momentum oscillator crossed above 0 on 2021 Jul 26 at 00:30 GMT, thereby signaling a new accelerating uptrend.

2. Daily Analyst’s View

EUR/USD

may rise 13 – 28 pips

Pivot
1.1750

Our preference
Long positions above 1.1750 with targets at 1.1785 & 1.1800 in extension.

Alternative scenario
Below 1.1750 look for further downside with 1.1735 & 1.1720 as targets.

Comment
The RSI is mixed with a bullish bias.

GBP/USD

may rise 24 – 44 pips

Pivot
1.3740

Our preference
Long positions above 1.3740 with targets at 1.3780 & 1.3800 in extension.

Alternative scenario
Below 1.3740 look for further downside with 1.3720 & 1.3700 as targets.

Comment
The RSI calls for a bounce.

USD/CAD

may fall 17 – 32 pips

Pivot
1.2590

Our preference
Short positions below 1.2590 with targets at 1.2550 & 1.2535 in extension.

Alternative scenario
Above 1.2590 look for further upside with 1.2605 & 1.2620 as targets.

Comment
As long as 1.2590 is resistance, look for choppy price action with a bearish bias.

Gold

may fall to 1789.00 – 1794.00

Pivot
1810.00

Our preference
Short positions below 1810.00 with targets at 1794.00 & 1789.00 in extension.

Alternative scenario
Above 1810.00 look for further upside with 1814.00 & 1819.00 as targets.

Comment
As long as 1810.00 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI)

may rise to 73.15 – 74.25

Pivot
71.40

Our preference
Long positions above 71.40 with targets at 73.15 & 74.25 in extension.

Alternative scenario
Below 71.40 look for further downside with 70.10 & 69.00 as targets.

Comment
The RSI is bullish and calls for further advance.

S&P 500 (CME)

may rise to 4420.00 – 4437.00

Pivot
4387.00

Our preference
Long positions above 4387.00 with targets at 4420.00 & 4437.00 in extension.

Alternative scenario
Below 4387.00 look for further downside with 4373.00 & 4356.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Nasdaq 100 (CME)

may rise to 15180.00 – 15230.00

Pivot
15010.00

Our preference
Long positions above 15010.00 with targets at 15180.00 & 15230.00 in extension.

Alternative scenario
Below 15010.00 look for further downside with 14935.00 & 14830.00 as targets.

Comment
The next resistances are at 15180.00 and then at 15230.00.

Hang Seng (HKFE)

may fall to 26750.00 – 26920.00

Pivot
27200.00

Our preference
Short positions below 27200.00 with targets at 26920.00 & 26750.00 in extension.

Alternative scenario
Above 27200.00 look for further upside with 27435.00 & 27685.00 as targets.

Comment
The RSI is bearish and calls for further decline.

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.