Doo Prime Daily Featured Trading Strategies – September 24, 2021 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – September 24, 2021

1. Daily technical analysis of selected currency pairs



CAD/JPY Bearish

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

Target

Opportunity recognized 2021 Sep 24 for the period of up to 12 hours
-0.153 (15.3 pips) price change since the Technical Event at 87.274

Technical Analysis

We found a pattern called Inside Bar (Bearish) on 2021 Sep 24 at 01:00 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 24 at 02:00 GMT signaling a new downtrend has been established.

GBP/AUD Bullish

Image Features: forms “Two Bar Reversal (Bullish)” pattern

Target
Opportunity recognized 2021 Sep 23 for the period of up to 48 hours
-0.00262 (26.2 pips) price change since the Technical Event at 1.88306

Technical Analysis

We found a pattern called Two Bar Reversal (Bullish) on 2021 Sep 23 at 01:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.

A bullish event triggered for Slow Stochastics on 2021 Sep 23 at 05:00 GMT when the %K line crossed above the %D line. The close prices are trading closer to the upper end of the recent high-low price range, which is associated with price increases.

2. Daily Analyst’s View



EUR/USD

may rise 11 – 31 pips

Pivot
1.1725

Our preference
Long positions above 1.1725 with targets at 1.1750 & 1.1770 in extension.

Alternative scenario
Below 1.1725 look for further downside with 1.1710 & 1.1695 as targets.

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

GBP/USD

may rise 23 – 53 pips

Pivot
1.3690

Our preference
Long positions above 1.3690 with targets at 1.3750 & 1.3780 in extension.

Alternative scenario
Below 1.3690 look for further downside with 1.3660 & 1.3630 as targets.

Comment
The RSI calls for a new upleg.

USD/CAD

may fall 30 – 60 pips

Pivot
1.2700

Our preference
Short positions below 1.2700 with targets at 1.2630 & 1.2600 in extension.

Alternative scenario
Above 1.2700 look for further upside with 1.2730 & 1.2760 as targets.

Comment
As long as the resistance at 1.2700 is not surpassed, the risk of the break below 1.2630 remains high.

Gold

may rise to 1760.00 – 1766.00

Pivot
1743.00

Our preference
Long positions above 1743.00 with targets at 1760.00 & 1766.00 in extension.

Alternative scenario
Below 1743.00 look for further downside with 1737.00 & 1730.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

may rise to 73.90 – 74.30

Pivot
72.50

Our preference
Long positions above 72.50 with targets at 73.90 & 74.30 in extension.

Alternative scenario
Below 72.50 look for further downside with 72.15 & 71.60 as targets.

Comment
The next resistances are at 73.90 and then at 74.30.

S&P 500 (CME)

may rise to 4464.00 – 4488.00

Pivot
4420.00

Our preference
Long positions above 4420.00 with targets at 4464.00 & 4488.00 in extension.

Alternative scenario
Below 4420.00 look for further downside with 4402.00 & 4380.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Nasdaq 100 (CME)

may rise to 15370.00 – 15500.00

Pivot
15175.00

Our preference
Long positions above 15175.00 with targets at 15370.00 & 15500.00 in extension.

Alternative scenario
Below 15175.00 look for further downside with 15090.00 & 15015.00 as targets.

Comment
The RSI is mixed with a bullish bias.

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
The RSI is around its neutrality area at 50%.

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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