1. Daily technical analysis of selected currency pairs



CAD/JPY Bullish

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

Target

Opportunity recognized 2021 Sep 27 for the period of up to 2 weeks
-0.029 (2.9 pips) price change since the Technical Event at 87.886

Technical Analysis

We found a pattern called Double Bottom on 2021 Sep 27 at 17:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 90.800 to 91.400.

The faster moving average crossed above the slower moving average on 2021 Sep 24 at 17:00 GMT, signaling a new uptrend has been established.

EUR/AUD Bearish

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

Target
Opportunity recognized 2021 Sep 29 for the period of up to 12 hours
-0.00138 (13.8 pips) price change since the Technical Event at 1.61389

Technical Analysis

We found a pattern called Inside Bar (Bearish) on 2021 Sep 29 at 03:00 GMT on a 1 hour chart suggesting the outlook is bearish for up to 12 hours.

The Momentum oscillator crossed below 0 on 2021 Sep 29 at 03:00 GMT, thereby signaling a new accelerating downtrend.

2. Daily Analyst’s View



EUR/USD

may fall 11 – 21 pips

Pivot
1.1700

Our preference
Short positions below 1.1700 with targets at 1.1675 & 1.1665 in extension.

Alternative scenario
Above 1.1700 look for further upside with 1.1715 & 1.1730 as targets.

Comment
A break below 1.1675 would trigger a drop towards 1.1665.

GBP/USD

may fall 25 – 55 pips

Pivot
1.3570

Our preference
Short positions below 1.3570 with targets at 1.3520 & 1.3490 in extension.

Alternative scenario
Above 1.3570 look for further upside with 1.3595 & 1.3625 as targets.

Comment
A break below 1.3520 would trigger a drop towards 1.3490.

USD/CAD

may rise 32 – 52 pips

Pivot
1.2650

Our preference
Long positions above 1.2650 with targets at 1.2710 & 1.2730 in extension.

Alternative scenario
Below 1.2650 look for further downside with 1.2630 & 1.2610 as targets.

Comment
The RSI calls for a new upleg.

Gold

may fall to 1727.00 – 1732.00

Pivot
1744.00

Our preference
Short positions below 1744.00 with targets at 1732.00 & 1727.00 in extension.

Alternative scenario
Above 1744.00 look for further upside with 1754.00 & 1761.00 as targets.

Comment
The index currently faces a challenging resistance area at 1744.00.

Crude Oil (WTI)

may fall to 72.80 – 73.65

Pivot
75.30

Our preference
Short positions below 75.30 with targets at 73.65 & 72.80 in extension.

Alternative scenario
Above 75.30 look for further upside with 76.05 & 76.65 as targets.

Comment
The RSI shows downside momentum.

S&P 500 (CME)

may fall to 4295.00 – 4322.00

Pivot
4386.00

Our preference
Short positions below 4386.00 with targets at 4322.00 & 4295.00 in extension.

Alternative scenario
Above 4386.00 look for further upside with 4410.00 & 4427.00 as targets.

Comment
The RSI is mixed with a bearish bias.

Nasdaq 100 (CME)

may fall to 14580.00 – 14700.00

Pivot
14925.00

Our preference
Short positions below 14925.00 with targets at 14700.00 & 14580.00 in extension.

Alternative scenario
Above 14925.00 look for further upside with 15065.00 & 15190.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Hang Seng (HKFE)

may fall to 23910.00 – 24030.00

Pivot
24475.00

Our preference
Short positions below 24475.00 with targets at 24030.00 & 23910.00 in extension.

Alternative scenario
Above 24475.00 look for further upside with 24640.00 & 24780.00 as targets.

Comment
The RSI is mixed.

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.