1. Daily technical analysis of selected currency pairs



CAD/JPY Bullish

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

Target
Opportunity recognized 2021 Sep 27 for the period of up to 2 weeks
-0.481 (48.1 pips) price change since the Technical Event at 87.886

Technical Analysis

We found a pattern called Double Bottom on 2021 Sep 27 at 17:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 90.800 to 91.400.

The faster moving average crossed above the slower moving average on 2021 Sep 30 at 09:00 GMT, signaling a new uptrend has been established.

AUD/CAD Bearish

Image Features: forms “Megaphone (Bearish)” pattern

Target
Opportunity recognized 2021 Sep 14 for the period of up to 2 weeks
-0.01180 (118 pips) price change since the Technical Event at 0.92970

Technical Analysis

We found a pattern called Megaphone Top on 2021 Sep 14 at 05:00 GMT on a 30 minute chart, providing a target price for up to 2 weeks in the range of 0.92000 to 0.93000.

The price crossed below its moving average on 2021 Oct 01 at 01:00 GMT signaling a new downtrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 18 – 33 pips

Pivot
1.1595

Our preference
Short positions below 1.1595 with targets at 1.1560 & 1.1545 in extension.

Alternative scenario
Above 1.1595 look for further upside with 1.1610 & 1.1625 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.1595.

GBP/USD

may fall 26 – 46 pips

Pivot
1.3485

Our preference
Short positions below 1.3485 with targets at 1.3430 & 1.3410 in extension.

Alternative scenario
Above 1.3485 look for further upside with 1.3520 & 1.3555 as targets.

Comment
As long as the resistance at 1.3485 is not surpassed, the risk of the break below 1.3430 remains high.

USD/CAD

may rise 23 – 48 pips

Pivot
1.2670

Our preference
Long positions above 1.2670 with targets at 1.2730 & 1.2755 in extension.

Alternative scenario
Below 1.2670 look for further downside with 1.2645 & 1.2625 as targets.

Comment
The RSI calls for a rebound.

Gold

may rise to 1764.00 – 1774.00

Pivot
1741.00

Our preference
Long positions above 1741.00 with targets at 1764.00 & 1774.00 in extension.

Alternative scenario
Below 1741.00 look for further downside with 1734.00 & 1725.00 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Crude Oil (WTI)

may rise to 75.55 – 76.05

Pivot
74.50

Our preference
Long positions above 74.50 with targets at 75.55 & 76.05 in extension.

Alternative scenario
Below 74.50 look for further downside with 74.00 & 73.55 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500 (CME)

may fall to 4234.00 – 4267.00

Pivot
4344.00

Our preference
Short positions below 4344.00 with targets at 4267.00 & 4234.00 in extension.

Alternative scenario
Above 4344.00 look for further upside with 4368.00 & 4388.00 as targets.

Comment
The RSI shows downside momentum.

Nasdaq 100 (CME)

may fall to 14440.00 – 14540.00

Pivot
14730.00

Our preference
Short positions below 14730.00 with targets at 14540.00 & 14440.00 in extension.

Alternative scenario
Above 14730.00 look for further upside with 14880.00 & 15035.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Hang Seng (HKFE)

may rise to 24660.00 – 24900.00

Pivot
24280.00

Our preference
Long positions above 24280.00 with targets at 24660.00 & 24900.00 in extension.

Alternative scenario
Below 24280.00 look for further downside with 24070.00 & 23910.00 as targets.

Comment
The RSI is bullish and calls for further advance. The market is closed for National Day holiday.

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.