1. Daily technical analysis of selected currency pairs

GBP/EUR Bullish

Image Features: forms “Hammer” pattern

Target
Opportunity recognized 2021 Jun 24 for the period of up to 12 hours
+0.00075 (75 pips) price change since the Technical Event at 1.16998

Technical Analysis
We found a pattern called Hammer on 2021 Jun 24 at 01:30 GMT on a 30-minute chart suggesting the outlook is bullish for up to 12 hours.

The CCI triggered a bullish signal on 2021 Jun 24 at 02:30 GMT by crossing above the +100% level.

2. Daily Analyst’s View

EUR/USD

may fall 14 – 29 pips

Pivot
1.1945

Our preference
Short positions below 1.1945 with targets at 1.1910 & 1.1895 in extension.

Alternative scenario
Above 1.1945 look for further upside with 1.1970 & 1.1990 as targets.

Comment
As long as the resistance at 1.1945 is not surpassed, the risk of the break below 1.1910 remains high.

GBP/USD

may rise 19 – 39 pips

Pivot
1.3945

Our preference
Long positions above 1.3945 with targets at 1.3980 & 1.4000 in extension.

Alternative scenario
Below 1.3945 look for further downside with 1.3920 & 1.3900 as targets.

Comment
A support base at 1.3945 has formed and has allowed for a temporary stabilisation.

USD/CAD

may rise 25 – 50 pips

Pivot
1.2280

Our preference
Long positions above 1.2280 with targets at 1.2330 & 1.2355 in extension.

Alternative scenario
Below 1.2280 look for further downside with 1.2250 & 1.2225 as targets.

Comment
The break above 1.2280 is a positive signal that has opened a path to 1.2330.

Gold

may fall to 1760.00 – 1766.00

Pivot
1784.00

Our preference
Short positions below 1784.00 with targets at 1766.00 & 1760.00 in extension.

Alternative scenario
Above 1784.00 look for further upside with 1790.00 & 1795.00 as targets.

Comment
The RSI calls for a drop.

Crude Oil (WTI)

may fall to 72.45 – 72.80

Pivot
73.60

Our preference
Short positions below 73.60 with targets at 72.80 & 72.45 in extension.

Alternative scenario
Above 73.60 look for further upside with 74.25 & 74.65 as targets.

Comment
As long as 73.60 is resistance, look for choppy price action with a bearish bias.

S&P 500 (CME)

may rise to 4259.00 – 4281.00

Pivot
4222.00

Our preference
Long positions above 4222.00 with targets at 4259.00 & 4281.00 in extension.

Alternative scenario
Below 4222.00 look for further downside with 4206.00 & 4185.00 as targets.

Comment
The next resistances are at 4259.00 and then at 4281.00.

Nasdaq 100 (CME)

may rise to 14350.00 – 14400.00

Pivot
14230.00

Our preference
Long positions above 14230.00 with targets at 14350.00 & 14400.00 in extension.

Alternative scenario
Below 14230.00 look for further downside with 14170.00 & 14105.00 as targets.

Comment
The RSI is around its neutrality area at 50%

Hang Seng (HKFE)

may rise to 28945.00 – 29100.00

Pivot
28660.00

Our preference
Long positions above 28660.00 with targets at 28945.00 & 29100.00 in extension.

Alternative scenario
Below 28660.00 look for further downside with 28525.00 & 28365.00 as targets.

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

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.