1. Daily technical analysis of selected currency pairs



GBP/AUD Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Nov 05 for the period of up to 12 hours
-0.00140 (14 pips) price change since the Technical Event at 1.82380

Technical Analysis

We found a pattern called Hammer on 2021 Nov 05 at 21:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2021 Nov 08 at 00:00 GMT signaling a new uptrend has been established.

AUD/JPY Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Nov 05 for the period of up to 48 hours
-0.068 (6.8 pips) price change since the Technical Event at 84.085

Technical Analysis

We found a pattern called Hammer on 2021 Nov 05 at 05:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.

A bullish event triggered for Fast Stochastics on 2021 Nov 05 at 01:00 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 rise 20 – 35 pips

Pivot
1.1540

Our preference
Long positions above 1.1540 with targets at 1.1585 & 1.1600 in extension.

Alternative scenario
Below 1.1540 look for further downside with 1.1525 & 1.1510 as targets.

Comment
The RSI is bullish and calls for further advance.

GBP/USD

may rise 20 – 40 pips

Pivot
1.3460

Our preference
Long positions above 1.3460 with targets at 1.3510 & 1.3530 in extension.

Alternative scenario
Below 1.3460 look for further downside with 1.3440 & 1.3425 as targets.

Comment
The RSI calls for a rebound.

USD/CAD

may fall 20 – 35 pips

Pivot
1.2465

Our preference
Short positions below 1.2465 with targets at 1.2425 & 1.2410 in extension.

Alternative scenario
Above 1.2465 look for further upside with 1.2480 & 1.2500 as targets.

Comment
The RSI advocates for further downside.

Gold

may rise to 1825.00 – 1836.00

Pivot
1802.00

Our preference
Long positions above 1802.00 with targets at 1825.00 & 1836.00 in extension.

Alternative scenario
Below 1802.00 look for further downside with 1790.00 & 1785.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

may rise to 82.30 – 83.40

Pivot
80.05

Our preference
Long positions above 80.05 with targets at 82.30 & 83.40 in extension.

Alternative scenario
Below 80.05 look for further downside with 78.95 & 78.25 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500 (CME)

may rise to 4712.00 – 4732.00

Pivot
4674.00

Our preference
Long positions above 4674.00 with targets at 4712.00 & 4732.00 in extension.

Alternative scenario
Below 4674.00 look for further downside with 4653.00 & 4629.00 as targets.

Comment
A support base at 4674.00 has formed and has allowed for a temporary stabilisation.

Nasdaq 100 (CME)

may rise to 16450.00 – 16550.00

Pivot
16240.00

Our preference
Long positions above 16240.00 with targets at 16450.00 & 16550.00 in extension.

Alternative scenario
Below 16240.00 look for further downside with 16160.00 & 16015.00 as targets.

Comment
The RSI is below its neutrality area at 50% but reversing up.

Hang Seng (HKFE)

may fall to 24330.00 – 24630.00

Pivot
25000.00

Our preference
Short positions below 25000.00 with targets at 24630.00 & 24330.00 in extension.

Alternative scenario
Above 25000.00 look for further upside with 25230.00 & 25440.00 as targets.

Comment
As long as the resistance at 25000.00 is not surpassed, the risk of the break below 24630.00 remains high.

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.