Doo Prime Daily Featured Trading Strategies – January 25, 2021

2021-01-25

Doo Prime Daily Featured Trading Strategies – January 25, 2021 

1. Daily technical analysis of selected currency pairs 

AUD/CAD  Bullish

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

Target  

Opportunity recognized 2021 Jan 25 for the period of up to 12 hours

+0.00028 (29 pips) price change since the Technical Event at 0.98157

Technical Analysis  

We found a pattern called Inside Bar (Bullish) on 2021 Jan 25 at 02:00 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.
The price crossed above its moving average on 2021 Jan 25 at 02:15 GMT signaling a new uptrend has been established.

 

AUD/JPY  Bearish 

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

Target 

Opportunity recognized 2021 Jan 25 for the period of up to 12 hours

+0.055 (55 pips) price change since the Technical Event at 80.116

Technical Analysis  

We found a pattern called Inside Bar (Bearish) on 2021 Jan 25 at 02:00 GMT on a 1 hour chart suggesting the outlook is bearish for up to 12 hours.
The Momentum oscillator crossed below 0 on 2021 Jan 25 at 02:00 GMT, thereby signaling a new accelerating downtrend.

2. Daily Analyst View

EUR/USD  

may fall 14 – 29 pips

Pivot

1.2180

Our preference

Short positions below 1.2180 with targets at 1.2150 & 1.2135 in extension.

Alternative scenario

Above 1.2180 look for further upside with 1.2200 & 1.2220 as targets.

Comment

As long as the resistance at 1.2180 is not surpassed, the risk of the break below 1.2150 remains high.

GBP/USD  

may rise 15 – 35 pips

Pivot

1.3660

Our preference

Long positions above 1.3660 with targets at 1.3700 & 1.3720 in extension.

Alternative scenario

Below 1.3660 look for further downside with 1.3635 & 1.3620 as targets.

Comment

The RSI advocates for further upside.

USD/CAD  

may rise 20 – 40 pips

Pivot

1.2700

Our preference

Long positions above 1.2700 with targets at 1.2740 & 1.2760 in extension.

Alternative scenario

Below 1.2700 look for further downside with 1.2680 & 1.2650 as targets.

Comment

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

Gold

may rise to 1865.00 – 1875.00

Pivot

1845.00

Our preference

Long positions above 1845.00 with targets at 1865.00 & 1875.00 in extension.

Alternative scenario

Below 1845.00 look for further downside with 1837.00 & 1832.00 as targets.

Comment

The RSI is mixed with a bullish bias.

Brent (ICE)  

may rise to 55.70 – 56.20

Pivot

55.00

Our preference

Long positions above 55.00 with targets at 55.70 & 56.20 in extension.

Alternative scenario

Below 55.00 look for further downside with 54.50 & 53.95 as targets.

Comment

The RSI calls for a bounce.

 

S&P 500 (CME)  

may rise to 3860.00 – 3875.00

Pivot

3830.00

Our preference

Long positions above 3830.00 with targets at 3860.00 & 3875.00 in extension.

Alternative scenario

Below 3830.00 look for further downside with 3813.00 & 3800.00 as targets.

Comment

The RSI is bullish and calls for further advance.

 

Dax (Eurex)  

may rise to 13940.00 – 14017.00

Pivot

13815.00

Our preference

Long positions above 13815.00 with targets at 13940.00 & 14017.00 in extension.

Alternative scenario

Below 13815.00 look for further downside with 13731.00 & 13680.00 as targets.

Comment

The RSI is bullish and calls for further upside.

SGX FTSE China A50  

may rise to 18685.00 – 18795.00

Pivot

18490.00

Our preference

Long positions above 18490.00 with targets at 18685.00 & 18795.00 in extension.

Alternative scenario

Below 18490.00 look for further downside with 18350.00 & 18280.00 as targets.

Comment

The RSI is bullish and calls for further upside.

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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Brand Upgrade & MT4 Server Name Update 

Following the launch of our new brand logo, official website, and user center, we have also updated the MT4 server names as part of this upgrade to D Prime.