Doo Prime Daily Featured Trading Strategies – September 6, 2021 - Doo Prime News
Doo Prime News > Analysis > Daily Featured Trading Strategies > Doo Prime Daily Featured Trading Strategies – September 6, 2021
Doo Prime Daily Featured Trading Strategies

1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Sep 06 for the period of up to 12 hours
-0.067 (6.7 pips) price change since the Technical Event at 81.676

Technical Analysis

We found a pattern called Hammer on 2021 Sep 06 at 02:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The faster moving average crossed above the slower moving average on 2021 Sep 06 at 01:15 GMT, signaling a new uptrend has been established.

GBP/DKK Bullish

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

Target
Opportunity recognized 2021 Sep 06 for the period of up to 12 hours
+0.00320 (32 pips) price change since the Technical Event at 8.67270

Technical Analysis

We found a pattern called Outside Bar (Bullish) on 2021 Sep 06 at 01:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

On 2021 Sep 06 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.

2. Daily Analyst’s View

EUR/USD

may fall 15 – 35 pips

Pivot
1.1890

Our preference
Short positions below 1.1890 with targets at 1.1855 & 1.1835 in extension.

Alternative scenario
Above 1.1890 look for further upside with 1.1910 & 1.1930 as targets.

Comment
The RSI is bearish and calls for further downside.

GBP/USD

may fall 19 – 39 pips

Pivot
1.3870

Our preference
Short positions below 1.3870 with targets at 1.3835 & 1.3815 in extension.

Alternative scenario
Above 1.3870 look for further upside with 1.3890 & 1.3910 as targets.

Comment
The RSI calls for a drop.

USD/CAD

may rise 21 – 41 pips

Pivot
1.2510

Our preference
Long positions above 1.2510 with targets at 1.2560 & 1.2580 in extension.

Alternative scenario
Below 1.2510 look for further downside with 1.2490 & 1.2470 as targets.

Comment
The RSI advocates for further upside.

Gold

may rise to 1834.00 – 1842.00

Pivot
1819.00

Our preference
Long positions above 1819.00 with targets at 1834.00 & 1842.00 in extension.

Alternative scenario
Below 1819.00 look for further downside with 1812.00 & 1804.00 as targets.

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

Crude Oil (WTI)

may fall to 67.50 – 67.85

Pivot
69.30

Our preference
Short positions below 69.30 with targets at 67.85 & 67.50 in extension.

Alternative scenario
Above 69.30 look for further upside with 70.00 & 70.60 as targets.

Comment
The RSI is bearish and calls for further downside.

S&P 500 (CME)

may fall to 4513.00 – 4519.00

Pivot
4540.00

Our preference
Short positions below 4540.00 with targets at 4519.00 & 4513.00 in extension.

Alternative scenario
Above 4540.00 look for further upside with 4545.00 & 4549.00 as targets.

Comment
As long as 4540.00 is resistance, look for choppy price action with a bearish bias.

Nasdaq 100 (CME)

may fall to 15605.00 – 15630.00

Pivot
15675.00

Our preference
Short positions below 15675.00 with targets at 15630.00 & 15605.00 in extension.

Alternative scenario
Above 15675.00 look for further upside with 15700.00 & 15740.00 as targets.

Comment
As long as 15675.00 is resistance, look for choppy price action with a bearish bias.

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 is mixed and calls for caution.

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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