Doo Prime Daily Featured Trading Strategies – November 15, 2021 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – November 15, 2021
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1. Daily technical analysis of selected currency pairs



GBP/JPY Bullish

Image Features: forms “Engulfing Line (Bullish)” pattern

Target
Opportunity recognized 2021 Nov 12 for the period of up to 48 hours
+0.228 (22.8 pips) price change since the Technical Event at 152.590

Technical Analysis

We found a pattern called Engulfing Line (Bullish) on 2021 Nov 12 at 01:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.

The price crossed above its moving average on 2021 Nov 15 at 01:00 GMT signaling a new uptrend has been established.

AUD/CAD Bearish

Image Features: forms “Hanging Man (Bearish)” pattern

Target
Opportunity recognized 2021 Nov 15 for the period of up to 12 hours
+0.00025 (2.5 pips) price change since the Technical Event at 0.92026

Technical Analysis

We found a pattern called Hanging Man on 2021 Nov 15 at 01:00 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 Nov 15 at 00:45 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.

2. Daily Analyst’s View



EUR/USD

may rise 22 – 37 pips

Pivot
1.1430

Our preference
Long positions above 1.1430 with targets at 1.1465 & 1.1480 in extension.

Alternative scenario
Below 1.1430 look for further downside with 1.1415 & 1.1400 as targets.

Comment
A support base at 1.1430 has formed and has allowed for a temporary stabilisation.

GBP/USD

may rise 20 – 45 pips

Pivot
1.3380

Our preference
Long positions above 1.3380 with targets at 1.3435 & 1.3460 in extension.

Alternative scenario
Below 1.3380 look for further downside with 1.3365 & 1.3350 as targets.

Comment
The RSI advocates for further advance.

USD/CAD

may fall 25 – 55 pips

Pivot
1.2580

Our preference
Short positions below 1.2580 with targets at 1.2520 & 1.2490 in extension.

Alternative scenario
Above 1.2580 look for further upside with 1.2600 & 1.2620 as targets.

Comment
The RSI is bearish and calls for further decline.

Gold

may rise to 1878.00 – 1883.50

Pivot
1857.00

Our preference
Long positions above 1857.00 with targets at 1878.00 & 1883.50 in extension.

Alternative scenario
Below 1857.00 look for further downside with 1847.50 & 1841.50 as targets.

Comment
The break above 1857.00 is a positive signal that has opened a path to 1878.00.

Crude Oil (WTI)

may rise to 82.15 – 82.90

Pivot
79.90

Our preference
Long positions above 79.90 with targets at 82.15 & 82.90 in extension.

Alternative scenario
Below 79.90 look for further downside with 79.25 & 78.60 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500 (CME)

may rise to 4698.00 – 4711.00

Pivot
4667.00

Our preference
Long positions above 4667.00 with targets at 4698.00 & 4711.00 in extension.

Alternative scenario
Below 4667.00 look for further downside with 4658.00 & 4642.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Nasdaq 100 (CME)

may rise to 16285.00 – 16375.00

Pivot
16110.00

Our preference
Long positions above 16110.00 with targets at 16285.00 & 16375.00 in extension.

Alternative scenario
Below 16110.00 look for further downside with 16045.00 & 15980.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Hang Seng (HKFE)

may rise to 25530.00 – 25640.00

Pivot
25155.00

Our preference
Long positions above 25155.00 with targets at 25530.00 & 25640.00 in extension.

Alternative scenario
Below 25155.00 look for further downside with 24970.00 & 24770.00 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.

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