Doo Prime Daily Featured Trading Strategies – September 28, 2021 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – September 28, 2021

1. Daily technical analysis of selected currency pairs



CAD/JPY Bullish

Image Features: forms “Flag (Bullish)” pattern

Target

Opportunity recognized 2021 Sep 28 for the period of up to 12 hours
+0.260 (25 pips) price change since the Technical Event at 87.930

Technical Analysis

We found a pattern called Flag (Bullish) on 2021 Sep 28 at 01:30 GMT on a 30 minute chart, providing a target price for up to 12 hours in the range of 88.350 to 88.450.

On 2021 Sep 28 at 02:30 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.

EUR/AUD Bearish

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

Target
Opportunity recognized 2021 Sep 17 for the period of up to 2 weeks
-0.00464 (46.4 pips) price change since the Technical Event at 1.60622

Technical Analysis

We found a pattern called Double Top on 2021 Sep 17 at 21:00 GMT on a 1 hour chart, providing a target price for up to 2 weeks in the range of 1.60000 to 1.61000.

The faster moving average crossed below the slower moving average on 2021 Sep 24 at 04:00 GMT, signaling a new downtrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 11 – 26 pips

Pivot
1.1710

Our preference
Short positions below 1.1710 with targets at 1.1680 & 1.1665 in extension.

Alternative scenario
Above 1.1710 look for further upside with 1.1725 & 1.1740 as targets.

Comment
A break below 1.1680 would trigger a drop towards 1.1665.

GBP/USD

may rise 10 – 30 pips

Pivot
1.3685

Our preference
Long positions above 1.3685 with targets at 1.3710 & 1.3730 in extension.

Alternative scenario
Below 1.3685 look for further downside with 1.3660 & 1.3635 as targets.

Comment
A support base at 1.3685 has formed and has allowed for a temporary stabilisation.

USD/CAD

may fall 13 – 43 pips

Pivot
1.2645

Our preference
Short positions below 1.2645 with targets at 1.2595 & 1.2565 in extension.

Alternative scenario
Above 1.2645 look for further upside with 1.2670 & 1.2695 as targets.

Comment
A break below 1.2595 would trigger a drop towards 1.2565.

Gold

may rise to 1761.00 – 1768.00

Pivot
1744.00

Our preference
Long positions above 1744.00 with targets at 1761.00 & 1768.00 in extension.

Alternative scenario
Below 1744.00 look for further downside with 1737.00 & 1730.00 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

may rise to 76.40 – 77.00

Pivot
75.20

Our preference
Long positions above 75.20 with targets at 76.40 & 77.00 in extension.

Alternative scenario
Below 75.20 look for further downside with 74.55 & 73.85 as targets.

Comment
The RSI calls for a new upleg.

S&P 500 (CME)

may rise to 4446.00 – 4461.00

Pivot
4420.00

Our preference
Long positions above 4420.00 with targets at 4446.00 & 4461.00 in extension.

Alternative scenario
Below 4420.00 look for further downside with 4410.00 & 4392.00 as targets.

Comment
Intraday technical indicators are mixed and call for caution.

Nasdaq 100 (CME)

may rise to 15275.00 – 15340.00

Pivot
15120.00

Our preference
Long positions above 15120.00 with targets at 15275.00 & 15340.00 in extension.

Alternative scenario
Below 15120.00 look for further downside with 15060.00 & 15015.00 as targets.

Comment
The next resistances are at 15275.00 and then at 15340.00.

Hang Seng (HKFE)

may rise to 24790.00 – 25030.00

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Pivot
24300.00

Our preference
Long positions above 24300.00 with targets at 24790.00 & 25030.00 in extension.

Alternative scenario
Below 24300.00 look for further downside with 24050.00 & 23915.00 as targets.

Comment
The RSI calls for a rebound.

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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