1. Daily technical analysis of selected currency pairs


USD/CHF Bearish

Image Features: forms “Engulfing Line (Bearish)” pattern

Target
Opportunity recognized 2021 Jun 14 for the period of up to 12 hours
+0.00054 (5.4 pips) price change since the Technical Event at 0.89846

Technical Analysis
We found a pattern called Engulfing Line (Bearish) on 2021 Jun 14 at 05:00 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 14 at 06:00 GMT, thereby signaling a new accelerating downtrend.

GBP/AUD Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Jun 14 for the period of up to 12 hours
-0.00028 (2.8 pips) price change since the Technical Event at 1.83008

Technical Analysis
We found a pattern called Hammer on 2021 Jun 14 at 06:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

On 2021 Jun 14 at 02:30 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 9 – 29 pips

Pivot
1.2120

Our preference
Short positions below 1.2120 with targets at 1.2090 & 1.2070 in extension.

Alternative scenario
Above 1.2120 look for further upside with 1.2140 & 1.2160 as targets.

Comment
The RSI is mixed to bearish.

GBP/USD

may fall 38 – 58 pips

Pivot
1.4135

Our preference
Short positions below 1.4135 with targets at 1.4090 & 1.4070 in extension.

Alternative scenario
Above 1.4135 look for further upside with 1.4160 & 1.4185 as targets.

Comment
The RSI is mixed to bearish.

USD/CAD

may rise 25 – 45 pips

Pivot
1.2130

Our preference
Long positions above 1.2130 with targets at 1.2175 & 1.2195 in extension.

Alternative scenario
Below 1.2130 look for further downside with 1.2105 & 1.2075 as targets.

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

Gold

may fall to 1842.00 – 1850.00

Pivot
1878.00

Our preference
Short positions below 1878.00 with targets at 1850.00 & 1842.00 in extension.

Alternative scenario
Above 1878.00 look for further upside with 1885.00 & 1895.00 as targets.

Comment
The immediate trend remains down and the momentum is strong.

Crude Oil (WTI)

may rise to 71.80 – 72.20

Pivot
70.60

Our preference
Long positions above 70.60 with targets at 71.80 & 72.20 in extension.

Alternative scenario
Below 70.60 look for further downside with 70.10 & 69.70 as targets.

Comment
The RSI is bullish and calls for further upside.

S&P 500 (CME)

may rise to 4245.00 – 4259.00

Pivot
4224.00

Our preference
Long positions above 4224.00 with targets at 4245.00 & 4259.00 in extension.

Alternative scenario
Below 4224.00 look for further downside with 4215.00 & 4209.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Nasdaq 100 (CME)

may rise to 14085.00 – 14150.00

Pivot
13925.00

Our preference
Long positions above 13925.00 with targets at 14085.00 & 14150.00 in extension.

Alternative scenario
Below 13925.00 look for further downside with 13885.00 & 13840.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Hang Seng (HKFE)

may rise to 28910.00 – 28990.00

Pivot
28660.00

Our preference
Long positions above 28660.00 with targets at 28910.00 & 28990.00 in extension.

Alternative scenario
Below 28660.00 look for further downside with 28580.00 & 28470.00 as targets.

Comment
The RSI calls for a bounce. The market is closed for Dragon Boat Festival Holiday.

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.