1. Daily technical analysis of selected currency pairs



GBP/JPY Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Jul 30 for the period of up to 12 hours
+0.043 (4.3 pips) price change since the Technical Event at 152.787

Technical Analysis

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

The MACD generated a bullish signal on 2021 Jul 30 at 03:00 GMT.

CAD/CHF Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Jul 30 for the period of up to 12 hours
+0.00137 (13.7 pips) price change since the Technical Event at 0.72674

Technical Analysis

We found a pattern called Hammer on 2021 Jul 30 at 02:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2021 Jul 30 at 03:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may rise 14 – 29 pips

Pivot
1.1870

Our preference
Long positions above 1.1870 with targets at 1.1895 & 1.1910 in extension.

Alternative scenario
Below 1.1870 look for further downside with 1.1855 & 1.1840 as targets.

Comment
A support base at 1.1870 has formed and has allowed for a temporary stabilisation.

GBP/USD

may rise 33 – 53 pips

Pivot
1.3930

Our preference
Long positions above 1.3930 with targets at 1.4000 & 1.4020 in extension.

Alternative scenario
Below 1.3930 look for further downside with 1.3910 & 1.3895 as targets.

Comment
The RSI advocates for further upside.

USD/CAD

may fall 30 – 50 pips

Pivot
1.2480

Our preference
Short positions below 1.2480 with targets at 1.2420 & 1.2400 in extension.

Alternative scenario
Above 1.2480 look for further upside with 1.2500 & 1.2520 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.2480.

Gold

may rise to 1837.00 – 1850.00

Pivot
1817.00

Our preference
Long positions above 1817.00 with targets at 1837.00 & 1850.00 in extension.

Alternative scenario
Below 1817.00 look for further downside with 1811.00 & 1803.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Crude Oil (WTI)

may rise to 73.90 – 74.25

Pivot
72.85

Our preference
Long positions above 72.85 with targets at 73.90 & 74.25 in extension.

Alternative scenario
Below 72.85 look for further downside with 72.50 & 72.10 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500 (CME)

may fall to 4365.00 – 4378.00

Pivot
4412.00

Our preference
Short positions below 4412.00 with targets at 4378.00 & 4365.00 in extension.

Alternative scenario
Above 4412.00 look for further upside with 4422.00 & 4437.00 as targets.

Comment
The RSI has broken down its 30 level.

Nasdaq 100 (CME)

may fall to 14680.00 – 14775.00

Pivot
15050.00

Our preference
Short positions below 15050.00 with targets at 14775.00 & 14680.00 in extension.

Alternative scenario
Above 15050.00 look for further upside with 15130.00 & 15245.00 as targets.

Comment
The RSI advocates for further downside.

Hang Seng (HKFE)

may rise to 26615.00 – 27000.00

Pivot
25530.00

Our preference
Long positions above 25530.00 with targets at 26615.00 & 27000.00 in extension.

Alternative scenario
Below 25530.00 look for further downside with 25150.00 & 24800.00 as targets.

Comment
The RSI is mixed to bullish.

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.