Doo Prime Daily Featured Trading Strategies – September 22, 2021 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – September 22, 2021

1. Daily technical analysis of selected currency pairs



EUR/JPY Bullish

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

Target
Opportunity recognized 2021 Sep 22 for the period of up to 12 hours
+0.329 (32.9 pips) price change since the Technical Event at 128.040

Technical Analysis

We found a pattern called Engulfing Line (Bullish) on 2021 Sep 22 at 00:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

On 2021 Sep 22 at 02:00 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.

GBP/AUD Bearish

Image Features: forms “Diamond Top (Bearish)” pattern

Target
Opportunity recognized 2021 Sep 22 for the period of up to 2 weeks
-0.00213 (21.3 pips) price change since the Technical Event at 1.88681

Technical Analysis

We found a pattern called Diamond Top on 2021 Sep 22 at 02:00 GMT on a 1 hour chart, providing a target price for up to 2 weeks in the range of 1.86000 to 1.87000.

The price crossed below its moving average on 2021 Sep 22 at 02:00 GMT signaling a new downtrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 23 – 38 pips

Pivot
1.1745

Our preference
Short positions below 1.1745 with targets at 1.1700 & 1.1685 in extension.

Alternative scenario
Above 1.1745 look for further upside with 1.1760 & 1.1775 as targets.

Comment
The RSI advocates for further downside.

GBP/USD

may fall 18 – 38 pips

Pivot
1.3690

Our preference
Short positions below 1.3690 with targets at 1.3640 & 1.3620 in extension.

Alternative scenario
Above 1.3690 look for further upside with 1.3710 & 1.3730 as targets.

Comment
As long as the resistance at 1.3690 is not surpassed, the risk of the break below 1.3640 remains high.

USD/CAD

may rise 30 – 75 pips

Pivot
1.2780

Our preference
Long positions above 1.2780 with targets at 1.2850 & 1.2895 in extension.

Alternative scenario
Below 1.2780 look for further downside with 1.2740 & 1.2710 as targets.

Comment
The RSI is bullish and calls for further upside.

Gold

may rise to 1782.00 – 1789.00

Pivot
1766.00

Our preference
Long positions above 1766.00 with targets at 1782.00 & 1789.00 in extension.

Alternative scenario
Below 1766.00 look for further downside with 1757.00 & 1750.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

may rise to 71.00 – 71.45

Pivot
70.15

Our preference
Long positions above 70.15 with targets at 71.00 & 71.45 in extension.

Alternative scenario
Below 70.15 look for further downside with 69.80 & 69.40 as targets.

Comment
The RSI calls for a rebound.

S&P 500 (CME)

may fall to 4270.00 – 4294.00

Pivot
4367.00

Our preference
Short positions below 4367.00 with targets at 4294.00 & 4270.00 in extension.

Alternative scenario
Above 4367.00 look for further upside with 4395.00 & 4417.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Nasdaq 100 (CME)

may fall to 14805.00 – 14880.00

Pivot
15120.00

Our preference
Short positions below 15120.00 with targets at 14880.00 & 14805.00 in extension.

Alternative scenario
Above 15120.00 look for further upside with 15200.00 & 15265.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Hang Seng (HKFE)

may rise to 24405.00 – 24550.00

Pivot
23995.00

Our preference
Long positions above 23995.00 with targets at 24405.00 & 24550.00 in extension.

Alternative scenario
Below 23995.00 look for further downside with 23860.00 & 23665.00 as targets.

Comment
The RSI is mixed to bullish. The market is closed for the day after Mid-autumn Festival.

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.

Share to