1. Daily technical analysis of selected currency pairs



EUR/JPY Bullish

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

Target
Opportunity recognized 2021 Jul 28 for the period of up to 2 weeks
+0.052 (5.2 pips) price change since the Technical Event at 129.788

Technical Analysis

We found a pattern called Diamond Bottom on 2021 Jul 28 at 01:00 GMT on a 1 hour chart, providing a target price for up to 2 weeks in the range of 130.600 to 130.800.

The price crossed above its moving average on 2021 Jul 28 at 00:00 GMT signaling a new uptrend has been established.

GBP/AUD Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Jul 28 for the period of up to 12 hours
-0.00090 (9 pips) price change since the Technical Event at 1.88513

Technical Analysis

We found a pattern called Hammer on 2021 Jul 28 at 00:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The CCI triggered a bullish signal on 2021 Jul 28 at 02:15 GMT by crossing above the +100% level.

2. Daily Analyst’s View

EUR/USD

may rise 18 – 33 pips

Pivot
1.1800

Our preference
Long positions above 1.1800 with targets at 1.1840 & 1.1855 in extension.

Alternative scenario
Below 1.1800 look for further downside with 1.1785 & 1.1770 as targets.

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

GBP/USD

may rise 25 – 55 pips

Pivot
1.3840

Our preference
Long positions above 1.3840 with targets at 1.3910 & 1.3940 in extension.

Alternative scenario
Below 1.3840 look for further downside with 1.3815 & 1.3790 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/CAD

may rise 20 – 40 pips

Pivot
1.2560

Our preference
Long positions above 1.2560 with targets at 1.2610 & 1.2630 in extension.

Alternative scenario
Below 1.2560 look for further downside with 1.2540 & 1.2520 as targets.

Comment
The RSI advocates for further upside.

Gold

may rise to 1811.00 – 1819.00

Pivot
1797.00

Our preference
Long positions above 1797.00 with targets at 1811.00 & 1819.00 in extension.

Alternative scenario
Below 1797.00 look for further downside with 1793.00 & 1789.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

may rise to 72.40 – 73.00

Pivot
71.10

Our preference
Long positions above 71.10 with targets at 72.40 & 73.00 in extension.

Alternative scenario
Below 71.10 look for further downside with 70.55 & 70.10 as targets.

Comment
The RSI calls for a rebound.

S&P 500 (CME)

may rise to 4417.00 – 4437.00

Pivot
4365.00

Our preference
Long positions above 4365.00 with targets at 4417.00 & 4437.00 in extension.

Alternative scenario
Below 4365.00 look for further downside with 4356.00 & 4347.00 as targets.

Comment
The RSI shows upside momentum.

Nasdaq 100 (CME)

may rise to 14985.00 – 15060.00

Pivot
14775.00

Our preference
Long positions above 14775.00 with targets at 14985.00 & 15060.00 in extension.

Alternative scenario
Below 14775.00 look for further downside with 14730.00 & 14680.00 as targets.

Comment
The RSI has broken up its 30 level.

Hang Seng (HKFE)

may fall to 24380.00 – 24740.00

Pivot
25530.00

Our preference
Short positions below 25530.00 with targets at 24740.00 & 24380.00 in extension.

Alternative scenario
Above 25530.00 look for further upside with 26110.00 & 26615.00 as targets.

Comment
Technically the RSI is below its neutrality area at 50.

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.