Doo Prime Daily Featured Trading Strategies – January 15, 2021 - Doo Prime News
Doo Prime News > Important Notice > Doo Prime Daily Featured Trading Strategies – January 15, 2021

Doo Prime Daily Featured Trading Strategies – January 14, 2021 

1. Daily technical analysis of selected currency pairs 

GBP/JPY  Bullish

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

Target  

Opportunity recognized 2021 Jan 15 for the period of up to 12 hours

-0.020 (2 pips) price change since the Technical Event at 142.030

Technical Analysis  

We found a pattern called Engulfing Line (Bullish) on 2021 Jan 15 at 03:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The Williams %R indicator triggered a bullish signal on 2021 Jan 15 at 03:00 GMT, having risen up out of oversold (-80 level) and continued on to cross above the -50 level.

GBP/EUR  Bearish 

Image Features: forms “Two Bar Reversal (Bearish)” pattern

Target  

Opportunity recognized 2021 Jan 15 for the period of up to 12 hours

-0.00010 (1 pips) price change since the Technical Event at 1.12609

Technical Analysis  

We found a pattern called Two Bar Reversal (Bearish) on 2021 Jan 15 at 03:15 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.

 

The Momentum oscillator crossed below 0 on 2021 Jan 15 at 03:15 GMT, thereby signaling a new accelerating downtrend.

 

2. Daily Analyst View

EUR/USD  

may rise 29 – 49 pips

Pivot

1.2130

Our preference

Long positions above 1.2130 with targets at 1.2180 & 1.2200 in extension.

Alternative scenario

Below 1.2130 look for further downside with 1.2110 & 1.2090 as targets.

Comment

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

GBP/USD  

may rise 41 – 66 pips

Pivot

1.3655

Our preference

Long positions above 1.3655 with targets at 1.3725 & 1.3750 in extension.

Alternative scenario

Below 1.3655 look for further downside with 1.3620 & 1.3585 as targets.

Comment

The RSI advocates for further advance.

USD/CAD  

may fall 25 – 45 pips

Pivot

1.2670

Our preference

Short positions below 1.2670 with targets at 1.2620 & 1.2600 in extension.

Alternative scenario

Above 1.2670 look for further upside with 1.2700 & 1.2725 as targets.

Comment

A break below 1.2620 would trigger a drop towards 1.2600.

Gold

may rise to 1864.00 – 1877.00

Pivot

1840.00

Our preference

Long positions above 1840.00 with targets at 1864.00 & 1877.00 in extension.

Alternative scenario

Below 1840.00 look for further downside with 1828.00 & 1816.00 as targets.

Comment

The RSI is mixed to bullish.

Brent (ICE)  

may rise to 56.85 – 57.40

Pivot

55.85

Our preference

Long positions above 55.85 with targets at 56.85 & 57.40 in extension.

Alternative scenario

Below 55.85 look for further downside with 55.50 & 55.25 as targets.

Comment

The RSI calls for a rebound.

S&P 500 (CME)  

may fall to 3749.00 – 3768.00

Pivot

3807.00

Our preference

Short positions below 3807.00 with targets at 3768.00 & 3749.00 in extension.

Alternative scenario

Above 3807.00 look for further upside with 3817.00 & 3824.00 as targets.

Comment

The RSI is bearish and calls for further decline.

Dax (Eurex)  

may rise to 14040.00 – 14085.00

Pivot

13920.00

Our preference

Long positions above 13920.00 with targets at 14040.00 & 14085.00 in extension.

Alternative scenario

Below 13920.00 look for further downside with 13855.00 & 13790.00 as targets.

Comment

The RSI is mixed and calls for caution.

 

SGX FTSE China A50  

may rise to 18730.00 – 18865.00

Pivot

18475.00

Our preference

Long positions above 18475.00 with targets at 18730.00 & 18865.00 in extension.

Alternative scenario

Below 18475.00 look for further downside with 18335.00 & 18200.00 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.

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