1. Daily technical analysis of selected currency pairs



AUD/CAD Bullish

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

Target
Opportunity recognized 2021 Nov 16 for the period of up to 12 hours
+0.00019 (1.9 pips) price change since the Technical Event at 0.91981

Technical Analysis

We found a pattern called Megaphone Bottom on 2021 Nov 16 at 00:45 GMT on a 15 minute chart, providing a target price for up to 12 hours in the range of 0.92000 to 0.93000.

On 2021 Nov 16 at 01:15 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.

EUR/JPY Bullish

Image Features: forms “Key Reversal Bar (Bullish)” pattern

Target
Opportunity recognized 2021 Nov 15 for the period of up to 12 hours
+0.172 (17.2 pips) price change since the Technical Event at 129.681

Technical Analysis

We found a pattern called Key Reversal Bar (Bullish) on 2021 Nov 15 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 16 at 01:30 GMT, thereby signaling a new accelerating uptrend.

2. Daily Analyst’s View



EUR/USD

may fall 30 – 50 pips

Pivot
1.1400

Our preference
Short positions below 1.1400 with targets at 1.1330 & 1.1310 in extension.

Alternative scenario
Above 1.1400 look for further upside with 1.1420 & 1.1440 as targets.

Comment
The RSI has broken down its 30 level.

GBP/USD

may fall 36 – 56 pips

Pivot
1.3435

Our preference
Short positions below 1.3435 with targets at 1.3370 & 1.3350 in extension.

Alternative scenario
Above 1.3435 look for further upside with 1.3450 & 1.3470 as targets.

Comment
The RSI advocates for further downside.

USD/CAD

may fall 20 – 40 pips

Pivot
1.2540

Our preference
Short positions below 1.2540 with targets at 1.2490 & 1.2470 in extension.

Alternative scenario
Above 1.2540 look for further upside with 1.2560 & 1.2580 as targets.

Comment
The RSI advocates for further decline.

Gold

may rise to 1871.00 – 1876.00

Pivot
1855.00

Our preference
Long positions above 1855.00 with targets at 1871.00 & 1876.00 in extension.

Alternative scenario
Below 1855.00 look for further downside with 1848.00 & 1841.00 as targets.

Comment
The immediate trend remains up but the momentum is weak.

Crude Oil (WTI)

may rise to 81.50 – 82.10

Pivot
79.90

Our preference
Long positions above 79.90 with targets at 81.50 & 82.10 in extension.

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

Comment
The RSI calls for a rebound.

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 next resistances are at 4698.00 and then at 4711.00.

Nasdaq 100 (CME)

may rise to 16285.00 – 16375.00

Pivot
16100.00

Our preference
Long positions above 16100.00 with targets at 16285.00 & 16375.00 in extension.

Alternative scenario
Below 16100.00 look for further downside with 16045.00 & 15980.00 as targets.

Comment
The RSI is around its neutrality area at 50%.

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.