1. Daily technical analysis of selected currency pairs



AUD/JPY Bearish

Image Features: forms “Hanging Man (Bearish)” pattern

Target
Opportunity recognized 2021 Sep 01 for the period of up to 12 hours
-0.086 (8.6 pips) price change since the Technical Event at 81.091

Technical Analysis

We found a pattern called Hanging Man on 2021 Sep 01 at 23:30 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

The price crossed below its moving average on 2021 Sep 02 at 04:30 GMT signaling a new downtrend has been established.

EUR/CAD Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Sep 02 for the period of up to 12 hours
-0.00030 (3 pips) price change since the Technical Event at 1.49473

Technical Analysis

We found a pattern called Hammer on 2021 Sep 02 at 04:00 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

On 2021 Sep 02 at 00:00 GMT, the 4-bar Moving Average crossed above the 9-bar MA which crossed above the 18-bar MA, signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may rise 22 – 37 pips

Pivot
1.1815

Our preference
Long positions above 1.1815 with targets at 1.1860 & 1.1875 in extension.

Alternative scenario
Below 1.1815 look for further downside with 1.1795 & 1.1780 as targets.

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

GBP/USD

may rise 26 – 41 pips

Pivot
1.3750

Our preference
Long positions above 1.3750 with targets at 1.3800 & 1.3815 in extension.

Alternative scenario
Below 1.3750 look for further downside with 1.3730 & 1.3715 as targets.

Comment
The RSI is above its neutrality area at 50%.

USD/CAD

may rise 22 – 42 pips

Pivot
1.2600

Our preference
Long positions above 1.2600 with targets at 1.2655 & 1.2675 in extension.

Alternative scenario
Below 1.2600 look for further downside with 1.2580 & 1.2565 as targets.

Comment
The RSI is bullish and calls for further advance.

Gold

may rise to 1823.00 – 1830.00

Pivot
1807.00

Our preference
Long positions above 1807.00 with targets at 1823.00 & 1830.00 in extension.

Alternative scenario
Below 1807.00 look for further downside with 1801.00 & 1791.00 as targets.

Comment
The RSI lacks momentum.

Crude Oil (WTI)

may fall to 67.40 – 67.85

Pivot
68.70

Our preference
Short positions below 68.70 with targets at 67.85 & 67.40 in extension.

Alternative scenario
Above 68.70 look for further upside with 69.25 & 69.65 as targets.

Comment
As long as 68.70 is resistance, expect a return to 67.85.

S&P 500 (CME)

may fall to 4500.00 – 4512.00

Pivot
4530.00

Our preference
Short positions below 4530.00 with targets at 4512.00 & 4500.00 in extension.

Alternative scenario
Above 4530.00 look for further upside with 4542.00 & 4553.00 as targets.

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

Nasdaq 100 (CME)

may fall to 15515.00 – 15565.00

Pivot
15665.00

Our preference
Short positions below 15665.00 with targets at 15565.00 & 15515.00 in extension.

Alternative scenario
Above 15665.00 look for further upside with 15730.00 & 15780.00 as targets.

Comment
As long as 15665.00 is resistance, look for choppy price action with a bearish bias.

Hang Seng (HKFE)

may rise to 26270.00 – 26440.00

Pivot
25845.00

Our preference
Long positions above 25845.00 with targets at 26270.00 & 26440.00 in extension.

Alternative scenario
Below 25845.00 look for further downside with 25575.00 & 25395.00 as targets.

Comment
The RSI is mixed with a bullish bias.

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.