1. Daily technical analysis of selected currency pairs

GBP/DKK Bullish

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

Target
Opportunity recognized 2021 Jun 30 for the period of up to 12 hours
-0.00190 (19 pips) price change since the Technical Event at 8.65380

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Jun 30 at 04:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

On 2021 Jun 30 at 02:30 GMT, the 4-bar Moving Average crossed above the 9-bar MA which crossed above the 18-bar MA, signaling a new uptrend has been established.

USD/AUD Bullish

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

Target
Opportunity recognized 2021 Jun 15 for the period of up to 2 weeks
+0.03072 (307.2 pips) price change since the Technical Event at 1.29857

Technical Analysis
We found a pattern called Diamond Bottom on 2021 Jun 15 at 09:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 1.33000 to 1.34000.

The price crossed above its moving average on 2021 Jun 29 at 05:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may rise 15 – 35 pips

Pivot
1.1890

Our preference
Long positions above 1.1890 with targets at 1.1920 & 1.1940 in extension.

Alternative scenario
Below 1.1890 look for further downside with 1.1875 & 1.1860 as targets.

Comment
The RSI calls for a new upleg.

GBP/USD

may rise 22 – 42 pips

Pivot
1.3830

Our preference
Long positions above 1.3830 with targets at 1.3875 & 1.3895 in extension.

Alternative scenario
Below 1.3830 look for further downside with 1.3810 & 1.3790 as targets.

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

USD/CAD

may rise 12 – 27 pips

Pivot
1.2375

Our preference
Long positions above 1.2375 with targets at 1.2405 & 1.2420 in extension.

Alternative scenario
Below 1.2375 look for further downside with 1.2360 & 1.2345 as targets.

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

Gold

may fall to 1741.00 – 1750.00

Pivot
1768.00

Our preference
Short positions below 1768.00 with targets at 1750.00 & 1741.00 in extension.

Alternative scenario
Above 1768.00 look for further upside with 1779.00 & 1786.00 as targets.

Comment
As long as the resistance at 1768.00 is not surpassed, the risk of the break below 1750.00 remains high.

Crude Oil (WTI)

may rise to 73.60 – 74.45

Pivot
72.70

Our preference
Long positions above 72.70 with targets at 73.60 & 74.45 in extension.

Alternative scenario
Below 72.70 look for further downside with 72.30 & 71.95 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500 (CME)

may rise to 4287.00 – 4302.00

Pivot
4272.00

Our preference
Long positions above 4272.00 with targets at 4287.00 & 4302.00 in extension.

Alternative scenario
Below 4272.00 look for further downside with 4265.00 & 4254.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Nasdaq 100 (CME)

may rise to 14630.00 – 14670.00

Pivot
14530.00

Our preference
Long positions above 14530.00 with targets at 14630.00 & 14670.00 in extension.

Alternative scenario
Below 14530.00 look for further downside with 14495.00 & 14450.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Hang Seng (HKFE)

may fall to 28445.00 – 28640.00

Pivot
29025.00

Our preference
Short positions below 29025.00 with targets at 28640.00 & 28445.00 in extension.

Alternative scenario
Above 29025.00 look for further upside with 29115.00 & 29245.00 as targets.

Comment
The RSI is bearish and calls for further downside.

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.