1. Daily technical analysis of selected currency pairs



GBP/JPY Bullish

Image Features: forms “Gravestone (Bullish)” pattern

Target
Opportunity recognized 2021 Oct 21 for the period of up to 12 hours
+0.093 (9.3 pips) price change since the Technical Event at 157.170

Technical Analysis

We found a pattern called Gravestone (Bullish) on 2021 Oct 21 at 23:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The CCI triggered a bullish signal on 2021 Oct 22 at 01:00 GMT by crossing above the +100% level.

EUR/CAD Bearish

Image Features: forms “Diamond Top (Bearish)” pattern

Target
Opportunity recognized 2021 Sep 22 for the period of up to 2 weeks
-0.06321 (632.1 pips) price change since the Technical Event at 1.49956

Technical Analysis

We found a pattern called Diamond Top on 2021 Sep 22 at 17:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 1.48000 to 1.49000.

On 2021 Oct 21 at 01:00 GMT, the 4-bar Moving Average crossed below the 9-bar MA which crossed below the 18-bar MA, signaling a new downtrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 14 – 34 pips

Pivot
1.1650

Our preference
Short positions below 1.1650 with targets at 1.1610 & 1.1590 in extension.

Alternative scenario
Above 1.1650 look for further upside with 1.1670 & 1.1690 as targets.

Comment
The RSI is bearish and calls for further downside.

GBP/USD

may fall 32 – 52 pips

Pivot
1.3815

Our preference
Short positions below 1.3815 with targets at 1.3760 & 1.3740 in extension.

Alternative scenario
Above 1.3815 look for further upside with 1.3835 & 1.3855 as targets.

Comment
The RSI advocates for further decline.

USD/CAD

may rise 17 – 42 pips

Pivot
1.2340

Our preference
Long positions above 1.2340 with targets at 1.2385 & 1.2410 in extension.

Alternative scenario
Below 1.2340 look for further downside with 1.2310 & 1.2290 as targets.

Comment
The RSI advocates for further upside.

Gold

may rise to 1794.00 – 1800.00

Pivot
1780.00

Our preference
Long positions above 1780.00 with targets at 1794.00 & 1800.00 in extension.

Alternative scenario
Below 1780.00 look for further downside with 1775.00 & 1770.00 as targets.

Comment
The RSI advocates for further upside.

Crude Oil (WTI)

may fall to 80.80 – 81.50

Pivot
83.20

Our preference
Short positions below 83.20 with targets at 81.50 & 80.80 in extension.

Alternative scenario
Above 83.20 look for further upside with 83.95 & 84.50 as targets.

Comment
The RSI is mixed with a bearish bias.

S&P 500 (CME)

may rise to 4543.00 – 4555.00

Pivot
4520.00

Our preference
Long positions above 4520.00 with targets at 4543.00 & 4555.00 in extension.

Alternative scenario
Below 4520.00 look for further downside with 4510.00 & 4504.00 as targets.

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

Nasdaq 100 (CME)

may rise to 15440.00 – 15490.00

Pivot
15360.00

Our preference
Long positions above 15360.00 with targets at 15440.00 & 15490.00 in extension.

Alternative scenario
Below 15360.00 look for further downside with 15300.00 & 15270.00 as targets.

Comment
A support base at 15360.00 has formed and has allowed for a temporary stabilisation.

Hang Seng (HKFE)

may fall to 25820.00 – 25920.00

Pivot
26080.00

Our preference
Short positions below 26080.00 with targets at 25920.00 & 25820.00 in extension.

Alternative scenario
Above 26080.00 look for further upside with 26220.00 & 26370.00 as targets.

Comment
The upward potential is likely to be limited by the resistance at 26080.00.

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.