Doo Prime Daily Featured Trading Strategies – November 26, 2021 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – November 26, 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 26 for the period of up to 12 hours
-0.510 (51 pips) price change since the Technical Event at 82.431

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Nov 26 at 01:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

A bullish event triggered for Fast Stochastics on 2021 Nov 26 at 01:30 GMT when the %K line crossed above the %D line. The close prices are trading closer to the upper end of the recent high-low price range, which is associated with price increases.

GBP/JPY Bullish

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

Target
Opportunity recognized 2021 Nov 26 for the period of up to 12 hours
-0.394 (39.4 pips) price change since the Technical Event at 152.958

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Nov 26 at 01:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

A bullish event triggered for Slow Stochastics on 2021 Nov 26 at 02:00 GMT when the %K line crossed above the %D line. The close prices are trading closer to the upper end of the recent high-low price range, which is associated with price increases.

2. Daily Analyst’s View



EUR/USD

may fall 22 – 37 pips

Pivot
1.1230

Our preference
Short positions below 1.1230 with targets at 1.1200 & 1.1185 in extension.

Alternative scenario
Above 1.1230 look for further upside with 1.1245 & 1.1260 as targets.

Comment
As long as 1.1230 is resistance, look for choppy price action with a bearish bias.

GBP/USD

may fall 15 – 35 pips

Pivot
1.3330

Our preference
Short positions below 1.3330 with targets at 1.3290 & 1.3270 in extension.

Alternative scenario
Above 1.3330 look for further upside with 1.3350 & 1.3370 as targets.

Comment
The RSI advocates for further decline.

USD/CAD

may rise 33 – 48 pips

Pivot
1.2675

Our preference
Long positions above 1.2675 with targets at 1.2745 & 1.2760 in extension.

Alternative scenario
Below 1.2675 look for further downside with 1.2655 & 1.2635 as targets.

Comment
The RSI is bullish and calls for further upside.

Gold

may rise to 1807.00 – 1813.00

Pivot
1787.00

Our preference
Long positions above 1787.00 with targets at 1807.00 & 1813.00 in extension.

Alternative scenario
Below 1787.00 look for further downside with 1781.00 & 1776.00 as targets.

Comment
The RSI advocates for further advance.

Crude Oil (WTI)

may fall to 74.75 – 75.30

Pivot
77.60

Our preference
Short positions below 77.60 with targets at 75.30 & 74.75 in extension.

Alternative scenario
Above 77.60 look for further upside with 78.10 & 78.60 as targets.

Comment
The immediate trend remains down and the momentum is strong.

S&P 500 (CME)

may fall to 4650.00 – 4663.00

Pivot
4702.00

Our preference
Short positions below 4702.00 with targets at 4663.00 & 4650.00 in extension.

Alternative scenario
Above 4702.00 look for further upside with 4717.00 & 4729.00 as targets.

Comment
The immediate trend remains down and the momentum is strong.

Nasdaq 100 (CME)

may fall to 16200.00 – 16270.00

Pivot
16440.00

Our preference
Short positions below 16440.00 with targets at 16270.00 & 16200.00 in extension.

Alternative scenario
Above 16440.00 look for further upside with 16500.00 & 16550.00 as targets.

Comment
The RSI shows downside momentum.

Hang Seng (HKFE)

may rise to 24765.00 – 24855.00

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Pivot
24600.00

Our preference
Long positions above 24600.00 with targets at 24765.00 & 24855.00 in extension.

Alternative scenario
Below 24600.00 look for further downside with 24510.00 & 24425.00 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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