1. Daily technical analysis of selected currency pairs



EUR/GBP Bullish

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

Target
Opportunity recognized 2021 Oct 14 for the period of up to 48 hours
-0.00139 (13.9 pips) price change since the Technical Event at 0.84672

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Oct 14 at 17:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.

A bullish event triggered for Slow Stochastics on 2021 Oct 15 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.

CAD/JPY Bullish

Image Features: forms “Flag (Bullish)” pattern

Target
Opportunity recognized 2021 Oct 14 for the period of up to 2 weeks
+1.304 (130.4 pips) price change since the Technical Event at 91.306

Technical Analysis

We found a pattern called Flag (Bullish) on 2021 Oct 14 at 05:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 92.100 to 92.250.

The price crossed above its moving average on 2021 Oct 04 at 01:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 16 – 31 pips

Pivot
1.1610

Our preference
Short positions below 1.1610 with targets at 1.1575 & 1.1560 in extension.

Alternative scenario
Above 1.1610 look for further upside with 1.1625 & 1.1640 as targets.

Comment
The RSI advocates for further decline.

GBP/USD

may fall 19 – 39 pips

Pivot
1.3700

Our preference
Short positions below 1.3700 with targets at 1.3650 & 1.3630 in extension.

Alternative scenario
Above 1.3700 look for further upside with 1.3720 & 1.3735 as targets.

Comment
The RSI is bearish and calls for further decline.

USD/CAD

may fall 24 – 44 pips

Pivot
1.2410

Our preference
Short positions below 1.2410 with targets at 1.2350 & 1.2330 in extension.

Alternative scenario
Above 1.2410 look for further upside with 1.2430 & 1.2450 as targets.

Comment
As long as the resistance at 1.2410 is not surpassed, the risk of the break below 1.2350 remains high.

Gold

may rise to 1805.00 – 1815.00

Pivot
1785.00

Our preference
Long positions above 1785.00 with targets at 1805.00 & 1815.00 in extension.

Alternative scenario
Below 1785.00 look for further downside with 1775.00 & 1767.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

may rise to 82.20 – 83.00

Pivot
80.85

Our preference
Long positions above 80.85 with targets at 82.20 & 83.00 in extension.

Alternative scenario
Below 80.85 look for further downside with 80.35 & 79.70 as targets.

Comment
The RSI calls for a new upleg.

S&P 500 (CME)

may rise to 4454.00 – 4496.00

Pivot
4406.00

Our preference
Long positions above 4406.00 with targets at 4454.00 & 4496.00 in extension.

Alternative scenario
Below 4406.00 look for further downside with 4386.00 & 4365.00 as targets.

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

Nasdaq 100 (CME)

may rise to 15210.00 – 15300.00

Pivot
14920.00

Our preference
Long positions above 14920.00 with targets at 15210.00 & 15300.00 in extension.

Alternative scenario
Below 14920.00 look for further downside with 14830.00 & 14730.00 as targets.

Comment
The RSI shows upside momentum.

Hang Seng (HKFE)

may fall to 24560.00 – 24820.00

Pivot
25150.00

Our preference
Short positions below 25150.00 with targets at 24820.00 & 24560.00 in extension.

Alternative scenario
Above 25150.00 look for further upside with 25380.00 & 25585.00 as targets.

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

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.