Doo Prime Daily Featured Trading Strategies – September 23, 2021 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – September 23, 2021

1. Daily technical analysis of selected currency pairs



GBP/AUD Bullish

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

Target

Opportunity recognized 2021 Sep 23 for the period of up to 48 hours
+0.00191 (19.1 pips) price change since the Technical Event at 1.88280

Technical Analysis

We found a pattern called Double Bottom on 2021 Sep 23 at 01:00 GMT on a 1 hour chart, providing a target price for up to 48 hours in the range of 1.89000 to 1.90000.

On 2021 Sep 23 at 03:00 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.

CAD/JPY Bullish

Image Features: forms “Inside Bar (Bullish)” pattern

Target
Opportunity recognized 2021 Sep 23 for the period of up to 12 hours
+0.190 (19 pips) price change since the Technical Event at 85.888

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Sep 23 at 01:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2021 Sep 23 at 03:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 20 – 35 pips

Pivot
1.1715

Our preference
Short positions below 1.1715 with targets at 1.1680 & 1.1665 in extension.

Alternative scenario
Above 1.1715 look for further upside with 1.1735 & 1.1755 as targets.

Comment
As long as the resistance at 1.1715 is not surpassed, the risk of the break below 1.1680 remains high.

GBP/USD

may fall 24 – 49 pips

Pivot
1.3650

Our preference
Short positions below 1.3650 with targets at 1.3605 & 1.3580 in extension.

Alternative scenario
Above 1.3650 look for further upside with 1.3675 & 1.3695 as targets.

Comment
As long as the resistance at 1.3650 is not surpassed, the risk of the break below 1.3605 remains high.

USD/CAD

may fall 22 – 57 pips

Pivot
1.2810

Our preference
Short positions below 1.2810 with targets at 1.2740 & 1.2705 in extension.

Alternative scenario
Above 1.2810 look for further upside with 1.2830 & 1.2850 as targets.

Comment
As long as 1.2810 is resistance, likely decline to 1.2740.

Gold

may fall to 1750.00 – 1757.00

Pivot
1774.00

Our preference
Short positions below 1774.00 with targets at 1757.00 & 1750.00 in extension.

Alternative scenario
Above 1774.00 look for further upside with 1787.00 & 1796.00 as targets.

Comment
The RSI calls for a drop.

Crude Oil (WTI)

may rise to 72.60 – 73.20

Pivot
71.70

Our preference
Long positions above 71.70 with targets at 72.60 & 73.20 in extension.

Alternative scenario
Below 71.70 look for further downside with 71.25 & 70.65 as targets.

Comment
The RSI is bullish and calls for further upside.

S&P 500 (CME)

may rise to 4418.00 – 4438.00

Pivot
4372.00

Our preference
Long positions above 4372.00 with targets at 4418.00 & 4438.00 in extension.

Alternative scenario
Below 4372.00 look for further downside with 4355.00 & 4322.00 as targets.

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

Nasdaq 100 (CME)

may rise to 15265.00 – 15335.00

Pivot
15090.00

Our preference
Long positions above 15090.00 with targets at 15265.00 & 15335.00 in extension.

Alternative scenario
Below 15090.00 look for further downside with 15015.00 & 14930.00 as targets.

Comment
The next resistances are at 15265.00 and then at 15335.00.

Hang Seng (HKFE)

may rise to 24790.00 – 25050.00

Pivot
24260.00

Our preference
Long positions above 24260.00 with targets at 24790.00 & 25050.00 in extension.

Alternative scenario
Below 24260.00 look for further downside with 23995.00 & 23665.00 as targets.

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

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.

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