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
+1.315 (131.5 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/JPY Bearish

Image Features: forms “Outside Bar (Bearish)” pattern

Target
Opportunity recognized 2021 Oct 07 for the period of up to 12 hours
+0.200 (20 pips) price change since the Technical Event at 81.600

Technical Analysis

We found a pattern called Outside Bar (Bearish) on 2021 Oct 07 at 23:30 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

The price broke above the upper Bollinger Band on 2021 Oct 08 at 01:00 GMT, suggesting the price is over-extended and may reverse.

2. Daily Analyst’s View



EUR/USD

may fall 15 – 30 pips

Pivot
1.1570

Our preference
Short positions below 1.1570 with targets at 1.1540 & 1.1525 in extension.

Alternative scenario
Above 1.1570 look for further upside with 1.1585 & 1.1600 as targets.

Comment
As long as 1.1570 is resistance, look for choppy price action with a bearish bias.

GBP/USD

may rise 31 – 56 pips

Pivot
1.3580

Our preference
Long positions above 1.3580 with targets at 1.3645 & 1.3670 in extension.

Alternative scenario
Below 1.3580 look for further downside with 1.3560 & 1.3540 as targets.

Comment
The RSI calls for a bounce.

USD/CAD

may fall 30 – 50 pips

Pivot
1.2580

Our preference
Short positions below 1.2580 with targets at 1.2520 & 1.2500 in extension.

Alternative scenario
Above 1.2580 look for further upside with 1.2600 & 1.2620 as targets.

Comment
The RSI advocates for further downside.

Gold

may fall to 1740.00 – 1745.00

Pivot
1763.00

Our preference
Short positions below 1763.00 with targets at 1745.00 & 1740.00 in extension.

Alternative scenario
Above 1763.00 look for further upside with 1770.00 & 1775.00 as targets.

Comment
As long as 1763.00 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI)

may rise to 79.80 – 80.40

Pivot
77.60

Our preference
Long positions above 77.60 with targets at 79.80 & 80.40 in extension.

Alternative scenario
Below 77.60 look for further downside with 76.55 & 75.70 as targets.

Comment
The RSI is bullish and calls for further advance.

S&P 500 (CME)

may rise to 4421.00 – 4442.00

Pivot
4385.00

Our preference
Long positions above 4385.00 with targets at 4421.00 & 4442.00 in extension.

Alternative scenario
Below 4385.00 look for further downside with 4360.00 & 4317.00 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

Nasdaq 100 (CME)

may rise to 15000.00 – 15120.00

Pivot
14830.00

Our preference
Long positions above 14830.00 with targets at 15000.00 & 15120.00 in extension.

Alternative scenario
Below 14830.00 look for further downside with 14685.00 & 14565.00 as targets.

Comment
The next resistances are at 15000.00 and then at 15120.00.

Hang Seng (HKFE)

may rise to 25040.00 – 25260.00

Pivot
24600.00

Our preference
Long positions above 24600.00 with targets at 25040.00 & 25260.00 in extension.

Alternative scenario
Below 24600.00 look for further downside with 24370.00 & 24215.00 as targets.

Comment
The RSI is bullish and calls for further upside.

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.