Doo Prime Daily Featured Trading Strategies – September 3, 2021 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – September 3, 2021
Doo Prime Daily Featured Trading Strategies

1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2021 Sep 03 for the period of up to 12 hours
+0.016 (1.6 pips) price change since the Technical Event at 81.410

Technical Analysis

We found a pattern called Double Bottom on 2021 Sep 03 at 02:45 GMT on a 15 minute chart, providing a target price for up to 12 hours in the range of 81.550 to 81.590.

On 2021 Sep 03 at 03:15 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/CAD Bearish

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

Target
Opportunity recognized 2021 Sep 03 for the period of up to 12 hours
+0.00058 (5.8 pips) price change since the Technical Event at 1.73655

Technical Analysis

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

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

2. Daily Analyst’s View

EUR/USD

may rise 17 – 32 pips

Pivot
1.1855

Our preference
Long positions above 1.1855 with targets at 1.1895 & 1.1910 in extension.

Alternative scenario
Below 1.1855 look for further downside with 1.1835 & 1.1820 as targets.

Comment
The RSI advocates for further advance.

GBP/USD

may rise 24 – 44 pips

Pivot
1.3800

Our preference
Long positions above 1.3800 with targets at 1.3860 & 1.3880 in extension.

Alternative scenario
Below 1.3800 look for further downside with 1.3780 & 1.3760 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/CAD

may fall 25 – 45 pips

Pivot
1.2585

Our preference
Short positions below 1.2585 with targets at 1.2530 & 1.2510 in extension.

Alternative scenario
Above 1.2585 look for further upside with 1.2610 & 1.2635 as targets.

Comment
The RSI advocates for further downside.

Gold

may rise to 1820.00 – 1823.00

Pivot
1808.00

Our preference
Long positions above 1808.00 with targets at 1820.00 & 1823.00 in extension.

Alternative scenario
Below 1808.00 look for further downside with 1804.00 & 1800.00 as targets.

Comment
The RSI calls for a bounce.

Crude Oil (WTI)

may rise to 70.60 – 71.00

Pivot
69.55

Our preference
Long positions above 69.55 with targets at 70.60 & 71.00 in extension.

Alternative scenario
Below 69.55 look for further downside with 69.25 & 68.80 as targets.

Comment
The RSI is bullish and calls for further advance.

S&P 500 (CME)

may rise to 4544.00 – 4553.00

Pivot
4523.00

Our preference
Long positions above 4523.00 with targets at 4544.00 & 4553.00 in extension.

Alternative scenario
Below 4523.00 look for further downside with 4516.00 & 4510.00 as targets.

Comment
The RSI calls for a new upleg.

Nasdaq 100 (CME)

may rise to 15655.00 – 15700.00

Pivot
15555.00

Our preference
Long positions above 15555.00 with targets at 15655.00 & 15700.00 in extension.

Alternative scenario
Below 15555.00 look for further downside with 15515.00 & 15475.00 as targets.

Comment
The RSI calls for a rebound.

Hang Seng (HKFE)

may fall to 25575.00 – 25720.00

Pivot
26075.00

Our preference
Short positions below 26075.00 with targets at 25720.00 & 25575.00 in extension.

Alternative scenario
Above 26075.00 look for further upside with 26265.00 & 26440.00 as targets.

Comment
The RSI calls for a drop.

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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