Doo Prime Daily Featured Trading Strategies – November 22, 2021 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – November 22, 2021
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1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2021 Nov 21 for the period of up to 12 hours
+0.218 (21.8 pips) price change since the Technical Event at 82.403

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Nov 21 at 22:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

On 2021 Nov 22 at 01:30 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.

CAD/JPY Bearish

Image Features: forms “Diamond Top (Bearish)” pattern

Target
Opportunity recognized 2021 Nov 04 for the period of up to 2 weeks
-1.209 (120.9 pips) price change since the Technical Event at 91.490

Technical Analysis

We found a pattern called Diamond Top on 2021 Nov 04 at 17:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 90.100 to 90.400.

The faster moving average crossed below the slower moving average on 2021 Nov 19 at 13:00 GMT, signaling a new downtrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 31 – 61 pips

Pivot
1.1320

Our preference
Short positions below 1.1320 with targets at 1.1240 & 1.1210 in extension.

Alternative scenario
Above 1.1320 look for further upside with 1.1340 & 1.1360 as targets.

Comment
The RSI calls for a new downleg.

GBP/USD

may fall 29 – 49 pips

Pivot
1.3460

Our preference
Short positions below 1.3460 with targets at 1.3400 & 1.3380 in extension.

Alternative scenario
Above 1.3460 look for further upside with 1.3480 & 1.3500 as targets.

Comment
The RSI advocates for further decline.

USD/CAD

may rise 27 – 47 pips

Pivot
1.2620

Our preference
Long positions above 1.2620 with targets at 1.2680 & 1.2700 in extension.

Alternative scenario
Below 1.2620 look for further downside with 1.2600 & 1.2580 as targets.

Comment
The RSI is bullish and calls for further upside.

Gold

may fall to 1826.00 – 1835.00

Pivot
1856.00

Our preference
Short positions below 1856.00 with targets at 1835.00 & 1826.00 in extension.

Alternative scenario
Above 1856.00 look for further upside with 1864.00 & 1871.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Crude Oil (WTI)

may fall to 73.60 – 74.70

Pivot
76.80

Our preference
Short positions below 76.80 with targets at 74.70 & 73.60 in extension.

Alternative scenario
Above 76.80 look for further upside with 77.50 & 78.40 as targets.

Comment
The RSI advocates for further decline.

S&P 500 (CME)

may fall to 4675.00 – 4685.00

Pivot
4710.00

Our preference
Short positions below 4710.00 with targets at 4685.00 & 4675.00 in extension.

Alternative scenario
Above 4710.00 look for further upside with 4720.00 & 4730.00 as targets.

Comment
As long as the resistance at 4710.00 is not surpassed, the risk of the break below 4685.00 remains high.

Nasdaq 100 (CME)

may rise to 16630.00 – 16720.00

Pivot
16510.00

Our preference
Long positions above 16510.00 with targets at 16630.00 & 16720.00 in extension.

Alternative scenario
Below 16510.00 look for further downside with 16420.00 & 16330.00 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

Hang Seng (HKFE)

may fall to 24695.00 – 24800.00

Pivot
25060.00

Our preference
Short positions below 25060.00 with targets at 24800.00 & 24695.00 in extension.

Alternative scenario
Above 25060.00 look for further upside with 25200.00 & 25340.00 as targets.

Comment
As long as 25060.00 is resistance, likely decline to 24800.00.

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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