1. Daily technical analysis of selected currency pairs



EUR/CAD Bullish

Image Features: forms “Double Bottom (Bullish)” 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 Double Bottom on 2021 Sep 14 at 02:30 GMT on a 15 minute chart, providing a target price for up to 12 hours in the range of 1.50000 to 1.51000.

The price crossed above its moving average on 2021 Sep 14 at 02:30 GMT signaling a new uptrend has been established.

EUR/JPY Bullish

Image Features: forms “Engulfing Line (Bullish)” pattern

Target
Opportunity recognized 2021 Sep 13 for the period of up to 48 hours
+0.176 (17.6 pips) price change since the Technical Event at 129.875

Technical Analysis

We found a pattern called Engulfing Line (Bullish) on 2021 Sep 13 at 17:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.

The price crossed above its moving average on 2021 Sep 14 at 01:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may rise 20 – 35 pips

Pivot
1.1790

Our preference
Long positions above 1.1790 with targets at 1.1835 & 1.1850 in extension.

Alternative scenario
Below 1.1790 look for further downside with 1.1770 & 1.1755 as targets.

Comment
The RSI is bullish and calls for further upside.

GBP/USD

may rise 16 – 31 pips

Pivot
1.3820

Our preference
Long positions above 1.3820 with targets at 1.3860 & 1.3875 in extension.

Alternative scenario
Below 1.3820 look for further downside with 1.3800 & 1.3780 as targets.

Comment
The RSI advocates for further upside.

USD/CAD

may fall 27 – 47 pips

Pivot
1.2680

Our preference
Short positions below 1.2680 with targets at 1.2620 & 1.2600 in extension.

Alternative scenario
Above 1.2680 look for further upside with 1.2700 & 1.2720 as targets.

Comment
The RSI advocates for further decline.

Gold

may rise to 1799.00 – 1804.00

Pivot
1784.00

Our preference
Long positions above 1784.00 with targets at 1799.00 & 1804.00 in extension.

Alternative scenario
Below 1784.00 look for further downside with 1778.00 & 1771.00 as targets.

Comment
A support base at 1784.00 has formed and has allowed for a temporary stabilisation.

Crude Oil (WTI)

may rise to 71.20 – 71.60

Pivot
70.10

Our preference
Long positions above 70.10 with targets at 71.20 & 71.60 in extension.

Alternative scenario
Below 70.10 look for further downside with 69.70 & 69.30 as targets.

Comment
The RSI is bullish and calls for further upside.

S&P 500 (CME)

may rise to 4485.00 – 4495.00

Pivot
4445.00

Our preference
Long positions above 4445.00 with targets at 4485.00 & 4495.00 in extension.

Alternative scenario
Below 4445.00 look for further downside with 4435.00 & 4420.00 as targets.

Comment
The RSI advocates for further upside.

Nasdaq 100 (CME)

may rise to 15490.00 – 15560.00

Pivot
15355.00

Our preference
Long positions above 15355.00 with targets at 15490.00 & 15560.00 in extension.

Alternative scenario
Below 15355.00 look for further downside with 15275.00 & 15200.00 as targets.

Comment
The RSI shows upside momentum.

Hang Seng (HKFE)

may fall to 25490.00 – 25585.00

Pivot
25900.00

Our preference
Short positions below 25900.00 with targets at 25585.00 & 25490.00 in extension.

Alternative scenario
Above 25900.00 look for further upside with 26030.00 & 26180.00 as targets.

Comment
As long as the resistance at 25900.00 is not surpassed, the risk of the break below 25585.00 remains high.

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.