1. Daily technical analysis of selected currency pairs

GBP/HKD Bearish

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

Target
Opportunity recognized 2021 Jun 11 for the period of up to 12 hours
+0.00153 (15.3 pips) price change since the Technical Event at 10.99630

Technical Analysis
We found a pattern called Outside Bar (Bearish) on 2021 Jun 11 at 06:00 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

The Momentum oscillator crossed below 0 on 2021 Jun 11 at 06:30 GMT, thereby signaling a new accelerating downtrend.

EUR/AUD Bullish

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

Target
Opportunity recognized 2021 Jun 10 for the period of up to 12 hours
+0.00047 (4.7 pips) price change since the Technical Event at 1.57001

Technical Analysis
We found a pattern called Inside Bar (Bullish) on 2021 Jun 10 at 23:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2021 Jun 11 at 02:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may rise 13 – 28 pips

Pivot
1.2170

Our preference
Long positions above 1.2170 with targets at 1.2200 & 1.2215 in extension.

Alternative scenario
Below 1.2170 look for further downside with 1.2155 & 1.2140 as targets.

Comment
The RSI shows upside momentum.

GBP/USD

may rise 18 – 38 pips

Pivot
1.4140

Our preference
Long positions above 1.4140 with targets at 1.4200 & 1.4220 in extension.

Alternative scenario
Below 1.4140 look for further downside with 1.4120 & 1.4100 as targets.

Comment
The RSI advocates for further upside.

USD/CAD

may fall 15 – 30 pips

Pivot
1.2110

Our preference
Short positions below 1.2110 with targets at 1.2070 & 1.2055 in extension.

Alternative scenario
Above 1.2110 look for further upside with 1.2125 & 1.2140 as targets.

Comment
As long as the resistance at 1.2110 is not surpassed, the risk of the break below 1.2070 remains high.

Gold

may rise to 1909.00 – 1916.00

Pivot
1890.00

Our preference
Long positions above 1890.00 with targets at 1909.00 & 1916.00 in extension.

Alternative scenario
Below 1890.00 look for further downside with 1882.00 & 1876.00 as targets.

Comment
The RSI advocates for further upside.

Crude Oil (WTI)

may rise to 70.65 – 71.00

Pivot
69.65

Our preference
Long positions above 69.65 with targets at 70.65 & 71.00 in extension.

Alternative scenario
Below 69.65 look for further downside with 69.30 & 69.00 as targets.

Comment
The RSI advocates for further upside.

S&P 500 (CME)

may rise to 4239.00 – 4245.00

Pivot
4217.00

Our preference
Long positions above 4217.00 with targets at 4239.00 & 4245.00 in extension.

Alternative scenario
Below 4217.00 look for further downside with 4207.00 & 4197.00 as targets.

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

Nasdaq 100 (CME)

may rise to 14000.00 – 14070.00

Pivot
13910.00

Our preference
Long positions above 13910.00 with targets at 14000.00 & 14070.00 in extension.

Alternative scenario
Below 13910.00 look for further downside with 13865.00 & 13800.00 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

Hang Seng (HKFE)

may rise to 28890.00 – 28985.00

Pivot
28660.00

Our preference
Long positions above 28660.00 with targets at 28890.00 & 28985.00 in extension.

Alternative scenario
Below 28660.00 look for further downside with 28585.00 & 28525.00 as targets.

Comment
The RSI lacks downward momentum.

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.