Doo Prime Daily Featured Trading Strategies – November 23, 2021 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – November 23, 2021
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1. Daily technical analysis of selected currency pairs



AUD/JPY Bearish

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

Target
Opportunity recognized 2021 Nov 22 for the period of up to 12 hours
+0.050 (5 pips) price change since the Technical Event at 82.984

Technical Analysis

We found a pattern called Engulfing Line (Bearish) on 2021 Nov 22 at 17:00 GMT on a 1 hour chart suggesting the outlook is bearish for up to 12 hours.

The Momentum oscillator crossed below 0 on 2021 Nov 23 at 00:00 GMT, thereby signaling a new accelerating downtrend.

CAD/JPY Bullish

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

Target
Opportunity recognized 2021 Nov 23 for the period of up to 12 hours
+0.003 (0.3 pips) price change since the Technical Event at 90.387

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Nov 23 at 01:00 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2021 Nov 23 at 01:45 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 20 – 40 pips

Pivot
1.1265

Our preference
Short positions below 1.1265 with targets at 1.1220 & 1.1200 in extension.

Alternative scenario
Above 1.1265 look for further upside with 1.1280 & 1.1295 as targets.

Comment
The RSI calls for a new downleg.

GBP/USD

may fall 28 – 48 pips

Pivot
1.3430

Our preference
Short positions below 1.3430 with targets at 1.3370 & 1.3350 in extension.

Alternative scenario
Above 1.3430 look for further upside with 1.3450 & 1.3475 as targets.

Comment
The RSI advocates for further downside.

USD/CAD

may rise 30 – 50 pips

Pivot
1.2660

Our preference
Long positions above 1.2660 with targets at 1.2730 & 1.2750 in extension.

Alternative scenario
Below 1.2660 look for further downside with 1.2640 & 1.2620 as targets.

Comment
The RSI is bullish and calls for further upside.

Gold

may fall to 1785.00 – 1802.00

Pivot
1828.00

Our preference
Short positions below 1828.00 with targets at 1802.00 & 1785.00 in extension.

Alternative scenario
Above 1828.00 look for further upside with 1836.00 & 1845.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Crude Oil (WTI)

may rise to 77.15 – 77.60

Pivot
75.70

Our preference
Long positions above 75.70 with targets at 77.15 & 77.60 in extension.

Alternative scenario
Below 75.70 look for further downside with 75.20 & 74.75 as targets.

Comment
The RSI calls for a rebound.

S&P 500 (CME)

may fall to 4658.00 – 4671.00

Pivot
4707.00

Our preference
Short positions below 4707.00 with targets at 4671.00 & 4658.00 in extension.

Alternative scenario
Above 4707.00 look for further upside with 4723.00 & 4737.00 as targets.

Comment
A break below 4671.00 would trigger a drop towards 4658.00.

Nasdaq 100 (CME)

may fall to 16230.00 – 16320.00

Pivot
16510.00

Our preference
Short positions below 16510.00 with targets at 16320.00 & 16230.00 in extension.

Alternative scenario
Above 16510.00 look for further upside with 16600.00 & 16700.00 as targets.

Comment
The RSI calls for a new downleg.

Hang Seng (HKFE)

may fall to 24500.00 – 24670.00

Pivot
24900.00

Our preference
Short positions below 24900.00 with targets at 24670.00 & 24500.00 in extension.

Alternative scenario
Above 24900.00 look for further upside with 25075.00 & 25230.00 as targets.

Comment
A break below 24670.00 would trigger a drop towards 24500.00.

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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