1. Daily technical analysis of selected currency pairs

CAD/CHF Bullish

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

Target
Opportunity recognized 2021 Jun 10 for the period of up to 12 hours
+0.00004 (0.4 pips) price change since the Technical Event at 0.73933

Technical Analysis
We found a pattern called Inside Bar (Bullish) on 2021 Jun 10 at 02:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2021 Jun 10 at 04:30 GMT signaling a new uptrend has been established.

GBP/AUD Bearish

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

Target
Opportunity recognized 2021 Jun 10 for the period of up to 12 hours
-0.00197 (19.7 pips) price change since the Technical Event at 1.82597

Technical Analysis
We found a pattern called Inside Bar (Bearish) on 2021 Jun 10 at 03:00 GMT on a 1 hour chart suggesting the outlook is bearish for up to 12 hours.

The MACD generated a bearish signal on 2021 Jun 10 at 04:00 GMT.

2. Daily Analyst’s View

EUR/USD

may fall 21 – 36 pips

Pivot
1.2185

Our preference
Short positions below 1.2185 with targets at 1.2145 & 1.2130 in extension.

Alternative scenario
Above 1.2185 look for further upside with 1.2200 & 1.2215 as targets.

Comment
The RSI is bearish and calls for further decline.

GBP/USD

may fall 34 – 54 pips

Pivot
1.4140

Our preference
Short positions below 1.4140 with targets at 1.4080 & 1.4060 in extension.

Alternative scenario
Above 1.4140 look for further upside with 1.4160 & 1.4190 as targets.

Comment
The RSI calls for a new downleg.

USD/CAD

may rise 19 – 39 pips

Pivot
1.2090

Our preference
Long positions above 1.2090 with targets at 1.2135 & 1.2155 in extension.

Alternative scenario
Below 1.2090 look for further downside with 1.2070 & 1.2055 as targets.

Comment
The RSI advocates for further upside.

Gold

may fall to 1874.00 – 1880.00

Pivot
1893.00

Our preference
Short positions below 1893.00 with targets at 1880.00 & 1874.00 in extension.

Alternative scenario
Above 1893.00 look for further upside with 1898.00 & 1903.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Crude Oil (WTI)

may fall to 68.50 – 68.90

Pivot
70.10

Our preference
Short positions below 70.10 with targets at 68.90 & 68.50 in extension.

Alternative scenario
Above 70.10 look for further upside with 70.60 & 71.00 as targets.

Comment
The RSI is bearish and calls for further downside.

S&P 500 (CME)

may fall to 4211.00 – 4217.00

Pivot
4228.00

Our preference
Short positions below 4228.00 with targets at 4217.00 & 4211.00 in extension.

Alternative scenario
Above 4228.00 look for further upside with 4235.00 & 4242.00 as targets.

Comment
As long as the resistance at 4228.00 is not surpassed, the risk of the break below 4217.00 remains high.

Nasdaq 100 (CME)

may fall to 13740.00 – 13790.00

Pivot
13855.00

Our preference
Short positions below 13855.00 with targets at 13790.00 & 13740.00 in extension.

Alternative scenario
Above 13855.00 look for further upside with 13900.00 & 13945.00 as targets.

Comment
The upward potential is likely to be limited by the resistance at 13855.00.

Hang Seng (HKFE)

may rise to 28880.00 – 28980.00

Pivot
28690.00

Our preference
Long positions above 28690.00 with targets at 28880.00 & 28980.00 in extension.

Alternative scenario
Below 28690.00 look for further downside with 28620.00 & 28560.00 as targets.

Comment
Technically the RSI is above 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.