1. Daily technical analysis of selected currency pairs



GBP/AUD Bullish

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

Target
Opportunity recognized 2021 Nov 09 for the period of up to 12 hours
+0.00175 (17.5 pips) price change since the Technical Event at 1.83670

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Nov 09 at 22:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The Momentum oscillator crossed above 0 on 2021 Nov 10 at 00:30 GMT, thereby signaling a new accelerating uptrend.

GBP/JPY Bullish

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

Target
Opportunity recognized 2021 Nov 10 for the period of up to 12 hours
-0.094 (9.4 pips) price change since the Technical Event at 152.958

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Nov 10 at 01:45 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The faster moving average crossed above the slower moving average on 2021 Nov 10 at 01:00 GMT, signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may rise 17 – 32 pips

Pivot
1.1570

Our preference
Long positions above 1.1570 with targets at 1.1610 & 1.1625 in extension.

Alternative scenario
Below 1.1570 look for further downside with 1.1550 & 1.1535 as targets.

Comment
The RSI is mixed with a bullish bias.

GBP/USD

may rise 32 – 47 pips

Pivot
1.3525

Our preference
Long positions above 1.3525 with targets at 1.3590 & 1.3605 in extension.

Alternative scenario
Below 1.3525 look for further downside with 1.3510 & 1.3495 as targets.

Comment
The RSI lacks downward momentum.

USD/CAD

may fall 14 – 34 pips

Pivot
1.2460

Our preference
Short positions below 1.2460 with targets at 1.2420 & 1.2400 in extension.

Alternative scenario
Above 1.2460 look for further upside with 1.2480 & 1.2500 as targets.

Comment
The RSI advocates for further decline.

Gold

may rise to 1838.00 – 1851.00

Pivot
1818.00

Our preference
Long positions above 1818.00 with targets at 1838.00 & 1851.00 in extension.

Alternative scenario
Below 1818.00 look for further downside with 1811.00 & 1802.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

may rise to 85.30 – 86.95

Pivot
83.10

Our preference
Long positions above 83.10 with targets at 85.30 & 86.95 in extension.

Alternative scenario
Below 83.10 look for further downside with 82.30 & 81.80 as targets.

Comment
The RSI shows upside momentum.

S&P 500 (CME)

may fall to 4642.00 – 4660.00

Pivot
4687.00

Our preference
Short positions below 4687.00 with targets at 4660.00 & 4642.00 in extension.

Alternative scenario
Above 4687.00 look for further upside with 4698.00 & 4712.00 as targets.

Comment
As long as the resistance at 4687.00 is not surpassed, the risk of the break below 4660.00 remains high.

Nasdaq 100 (CME)

may fall to 16040.00 – 16110.00

Pivot
16280.00

Our preference
Short positions below 16280.00 with targets at 16110.00 & 16040.00 in extension.

Alternative scenario
Above 16280.00 look for further upside with 16375.00 & 16450.00 as targets.

Comment
As long as 16280.00 is resistance, likely decline to 16110.00.

Hang Seng (HKFE)

may fall to 24430.00 – 24550.00

Pivot
24860.00

Our preference
Short positions below 24860.00 with targets at 24550.00 & 24430.00 in extension.

Alternative scenario
Above 24860.00 look for further upside with 25000.00 & 25200.00 as targets.

Comment
As long as the resistance at 24860.00 is not surpassed, the risk of the break below 24550.00 remains high.

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.