1. Daily technical analysis of selected currency pairs


USD/DKK Bearish

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

Target
Opportunity recognized 2021 Jun 17 for the period of up to 12 hours
+0.00038 (3.8 pips) price change since the Technical Event at 6.19802

Technical Analysis
We found a pattern called Engulfing Line (Bearish) on 2021 Jun 17 at 01:30 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

The Williams %R indicator triggered a bearish signal on 2021 Jun 17 at 03:00 GMT, having fallen out of overbought (-20 level) and continued on to cross below the -50 level.

GBP/EUR Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Jun 17 for the period of up to 12 hours
+0.00047 (4.7 pips) price change since the Technical Event at 1.16589

Technical Analysis
We found a pattern called Hammer on 2021 Jun 17 at 01:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

On 2021 Jun 16 at 20:00 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 28 – 53 pips

Pivot
1.2030

Our preference
Short positions below 1.2030 with targets at 1.1975 & 1.1950 in extension.

Alternative scenario
Above 1.2030 look for further upside with 1.2055 & 1.2080 as targets.

Comment
As long as the resistance at 1.2030 is not surpassed, the risk of the break below 1.1975 remains high.

GBP/USD

may fall 31 – 56 pips

Pivot
1.4030

Our preference
Short positions below 1.4030 with targets at 1.3970 & 1.3945 in extension.

Alternative scenario
Above 1.4030 look for further upside with 1.4050 & 1.4075 as targets.

Comment
As long as the resistance at 1.4030 is not surpassed, the risk of the break below 1.3970 remains high.

USD/CAD

may rise 41 – 71 pips

Pivot
1.2245

Our preference
Long positions above 1.2245 with targets at 1.2310 & 1.2340 in extension.

Alternative scenario
Below 1.2245 look for further downside with 1.2220 & 1.2190 as targets.

Comment
The break above 1.2245 is a positive signal that has opened a path to 1.2310.

Gold

may fall to 1788.00 – 1803.00

Pivot
1840.00

Our preference
Short positions below 1840.00 with targets at 1803.00 & 1788.00 in extension.

Alternative scenario
Above 1840.00 look for further upside with 1851.00 & 1862.00 as targets.

Comment
The RSI shows downside momentum.

Crude Oil (WTI)

may fall to 70.70 – 71.30

Pivot
72.25

Our preference
Short positions below 72.25 with targets at 71.30 & 70.70 in extension.

Alternative scenario
Above 72.25 look for further upside with 73.00 & 73.70 as targets.

Comment
As long as the resistance at 72.25 is not surpassed, the risk of the break below 71.30 remains high.

S&P 500 (CME)

may fall to 4174.00 – 4191.00

Pivot
4221.00

Our preference
Short positions below 4221.00 with targets at 4191.00 & 4174.00 in extension.

Alternative scenario
Above 4221.00 look for further upside with 4240.00 & 4258.00 as targets.

Comment
The RSI has broken down its 30 level.

Nasdaq 100 (CME)

may fall to 13755.00 – 13830.00

Pivot
14000.00

Our preference
Short positions below 14000.00 with targets at 13830.00 & 13755.00 in extension.

Alternative scenario
Above 14000.00 look for further upside with 14095.00 & 14155.00 as targets.

Comment
As long as the resistance at 14000.00 is not surpassed, the risk of the break below 13830.00 remains high.

Hang Seng (HKFE)

may rise to 28565.00 – 28680.00

Pivot
28210.00

Our preference
Long positions above 28210.00 with targets at 28565.00 & 28680.00 in extension.

Alternative scenario
Below 28210.00 look for further downside with 28090.00 & 27925.00 as targets.

Comment
The RSI calls for a rebound.

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.