1. Daily technical analysis of selected currency pairs



AUD/JPY Bearish

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

Target
Opportunity recognized 2021 Sep 13 for the period of up to 12 hours
-0.014 (1.4 pips) price change since the Technical Event at 80.892

Technical Analysis

We found a pattern called Outside Bar (Bearish) on 2021 Sep 13 at 00:30 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

The Momentum oscillator crossed below 0 on 2021 Sep 13 at 03:30 GMT, thereby signaling a new accelerating downtrend.

USD/CHF Bullish

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

Target
Opportunity recognized 2021 Aug 27 for the period of up to 2 weeks
-0.00054 (5.4 pips) price change since the Technical Event at 0.91894

Technical Analysis

We found a pattern called Diamond Bottom on 2021 Aug 27 at 13:30 GMT on a 30 minute chart, providing a target price for up to 2 weeks in the range of 0.93000 to 0.94000.

The price crossed above its moving average on 2021 Sep 13 at 00:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may fall 16 – 31 pips

Pivot
1.1820

Our preference
Short positions below 1.1820 with targets at 1.1790 & 1.1775 in extension.

Alternative scenario
Above 1.1820 look for further upside with 1.1835 & 1.1850 as targets.

Comment
The RSI is bearish and calls for further downside.

GBP/USD

may fall 24 – 44 pips

Pivot
1.3860

Our preference
Short positions below 1.3860 with targets at 1.3820 & 1.3800 in extension.

Alternative scenario
Above 1.3860 look for further upside with 1.3875 & 1.3890 as targets.

Comment
As long as 1.3860 is resistance, look for choppy price action with a bearish bias.

USD/CAD

may rise 33 – 58 pips

Pivot
1.2650

Our preference
Long positions above 1.2650 with targets at 1.2700 & 1.2725 in extension.

Alternative scenario
Below 1.2650 look for further downside with 1.2625 & 1.2600 as targets.

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

Gold

may fall to 1775.00 – 1781.00

Pivot
1797.00

Our preference
Short positions below 1797.00 with targets at 1781.00 & 1775.00 in extension.

Alternative scenario
Above 1797.00 look for further upside with 1804.00 & 1810.00 as targets.

Comment
As long as the resistance at 1797.00 is not surpassed, the risk of the break below 1781.00 remains high.

Crude Oil (WTI)

may rise to 70.60 – 71.20

Pivot
69.30

Our preference
Long positions above 69.30 with targets at 70.60 & 71.20 in extension.

Alternative scenario
Below 69.30 look for further downside with 68.70 & 68.20 as targets.

Comment
The RSI advocates for further advance.

S&P 500 (CME)

may fall to 4430.00 – 4445.00

Pivot
4480.00

Our preference
Short positions below 4480.00 with targets at 4445.00 & 4430.00 in extension.

Alternative scenario
Above 4480.00 look for further upside with 4495.00 & 4510.00 as targets.

Comment
As long as the resistance at 4480.00 is not surpassed, the risk of the break below 4445.00 remains high.

Nasdaq 100 (CME)

may fall to 15350.00 – 15425.00

Pivot
15530.00

Our preference
Short positions below 15530.00 with targets at 15425.00 & 15350.00 in extension.

Alternative scenario
Above 15530.00 look for further upside with 15600.00 & 15660.00 as targets.

Comment
A break below 15425.00 would trigger a drop towards 15350.00.

Hang Seng (HKFE)

may fall to 25715.00 – 25850.00

Pivot
26185.00

Our preference
Short positions below 26185.00 with targets at 25850.00 & 25715.00 in extension.

Alternative scenario
Above 26185.00 look for further upside with 26310.00 & 26445.00 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.