1. Daily technical analysis of selected currency pairs



GBP/JPY Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Oct 28 for the period of up to 12 hours
+0.017 (1.7 pips) price change since the Technical Event at 156.108

Technical Analysis

We found a pattern called Hammer on 2021 Oct 28 at 03:00 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 Oct 28 at 03:30 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.

CAD/NOK Bullish

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

Target
Opportunity recognized 2021 Oct 21 for the period of up to 2 weeks
+0.05992 (599.2 pips) price change since the Technical Event at 6.75758

Technical Analysis

We found a pattern called Diamond Bottom on 2021 Oct 21 at 16:00 GMT on a 1 hour chart, providing a target price for up to 2 weeks in the range of 6.88000 to 6.90000.

The faster moving average crossed above the slower moving average on 2021 Oct 28 at 03:00 GMT, signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may rise 17 – 32 pips

Pivot
1.1585

Our preference
Long positions above 1.1585 with targets at 1.1625 & 1.1640 in extension.

Alternative scenario
Below 1.1585 look for further downside with 1.1570 & 1.1555 as targets.

Comment
The RSI calls for a new upleg.

GBP/USD

may fall 20 – 35 pips

Pivot
1.3760

Our preference
Short positions below 1.3760 with targets at 1.3720 & 1.3705 in extension.

Alternative scenario
Above 1.3760 look for further upside with 1.3780 & 1.3800 as targets.

Comment
As long as the resistance at 1.3760 is not surpassed, the risk of the break below 1.3720 remains high.

USD/CAD

may rise 13 – 38 pips

Pivot
1.2345

Our preference
Long positions above 1.2345 with targets at 1.2385 & 1.2410 in extension.

Alternative scenario
Below 1.2345 look for further downside with 1.2325 & 1.2300 as targets.

Comment
The RSI calls for a rebound.

Gold

may rise to 1810.00 – 1814.00

Pivot
1792.00

Our preference
Long positions above 1792.00 with targets at 1810.00 & 1814.00 in extension.

Alternative scenario
Below 1792.00 look for further downside with 1788.00 & 1782.00 as targets.

Comment
The RSI calls for a rebound.

Crude Oil (WTI)

may fall to 79.20 – 79.90

Pivot
82.00

Our preference
Short positions below 82.00 with targets at 79.90 & 79.20 in extension.

Alternative scenario
Above 82.00 look for further upside with 83.10 & 83.80 as targets.

Comment
The RSI has broken down its 30 level.

S&P 500 (CME)

may fall to 4529.00 – 4543.00

Pivot
4565.00

Our preference
Short positions below 4565.00 with targets at 4543.00 & 4529.00 in extension.

Alternative scenario
Above 4565.00 look for further upside with 4575.00 & 4590.00 as targets.

Comment
The RSI is mixed to bearish.

Nasdaq 100 (CME)

may rise to 15715.00 – 15780.00

Pivot
15560.00

Our preference
Long positions above 15560.00 with targets at 15715.00 & 15780.00 in extension.

Alternative scenario
Below 15560.00 look for further downside with 15505.00 & 15450.00 as targets.

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

Hang Seng (HKFE)

may fall to 25200.00 – 25330.00

Pivot
25630.00

Our preference
Short positions below 25630.00 with targets at 25330.00 & 25200.00 in extension.

Alternative scenario
Above 25630.00 look for further upside with 25775.00 & 25860.00 as targets.

Comment
The RSI shows downside momentum.

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.