1. Daily technical analysis of selected currency pairs

AUD/USD  Bearish

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

Target
Opportunity recognized 2021 May 25 for the period of up to 12 hours
+0.00012 (1.2 pips) price change since the Technical Event at 1.82719

Technical Analysis
We found a pattern called Inside Bar (Bearish) on 2021 May 25 at 02:15 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.
A bearish event triggered for Slow Stochastics on 2021 May 25 at 02:45 GMT when the %K line crossed below the %D line. The close prices are trading closer to the lower end of the recent high-low price range, which is associated with price decreases

EUR/CAD  Bearish

Image Features: forms “Hanging Man” pattern

Target
Opportunity recognized 2021 May 25 for the period of up to 12 hours
-0.00012 (1.2 pips) price change since the Technical Event at 1.47266

Technical Analysis
We found a pattern called Hanging Man on 2021 May 25 at 02:15 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.
A bearish event triggered for Fast Stochastics on 2021 May 25 at 03:15 GMT when the %K line crossed below the %D line. The close prices are trading closer to the lower end of the recent high-low price range, which is associated with price decreases

2. Daily Analyst’s View

EUR/USD

may rise 16 – 31 pips

Pivot
1.2200

Our preference
Long positions above 1.2200 with targets at 1.2230 & 1.2245 in extension.

Alternative scenario
“Below 1.2200 look for further downside with 1.2185 & 1.2170 as targets.

Comment
The RSI calls for a bounce.

GBP/USD

may rise 30 – 50 pips

Pivot
1.4130

Our preference
Long positions above 1.4130 with targets at 1.4185 & 1.4205 in extension.

Alternative scenario
Below 1.4130 look for further downside with 1.4115 & 1.4100 as targets.

Comment
The RSI is mixed with a bullish bias.

USD/CAD

may fall 25 – 40 pips

Pivot
1.2075

Our preference
Short positions below 1.2075 with targets at 1.2025 & 1.2010 in extension.

Alternative scenario
Above 1.2075 look for further upside with 1.2095 & 1.2115 as targets.

Comment
The RSI calls for a drop.

Gold

may rise to 1890.00 – 1900.00

Pivot
1869.00

Our preference
Long positions above 1869.00 with targets at 1890.00 & 1900.00 in extension.

Alternative scenario
Below 1869.00 look for further downside with 1861.00 & 1851.00 as targets.

Comment
The RSI calls for a bounce.

Crude Oil (WTI)

may rise to 67.35 – 68.00

Pivot
64.90

Our preference
Long positions above 64.90 with targets at 67.35 & 68.00 in extension.

Alternative scenario
Below 64.90 look for further downside with 64.30 & 63.45 as targets.

Comment
The RSI shows upside momentum.

S&P 500 (CME)

may rise to 4230.00 – 4248.00

Pivot
4165.00

Our preference
Long positions above 4165.00 with targets at 4230.00 & 4248.00 in extension.

Alternative scenario
Below 4165.00 look for further downside with 4142.00 & 4122.00 as targets.

Comment
The RSI shows upside momentum.

Nasdaq 100 (CME)

may rise to 13815.00 – 13945.00

Pivot
13490.00

Our preference
Long positions above 13490.00 with targets at 13815.00 & 13945.00 in extension.

Alternative scenario
Below 13490.00 look for further downside with 13355.00 & 13255.00 as targets.

Comment
The RSI is bullish and calls for further upside.

FTSE China A50

may rise to 18422.84 – 18725.86

Pivot
16892.73

Our preference
The upside prevails as long as 16892.73 is support.

Alternative scenario
The downside breakout of 16892.73 would call for 16391.41 and 16092.35.

Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. FTSE China A50 index is trading above both its 20 and 50 period moving average (respectively at 17284.46 and 17264.53).

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.