1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2021 Jul 19 for the period of up to 12 hours
-0.045 (4.5 pips) price change since the Technical Event at 81.125

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Jul 19 at 01:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The RSI rose above 30 on 2021 Jul 19 at 01:30 GMT, telling us the price is starting to recover from being oversold.

EUR/GBP Bullish

Image Features: forms “Double Bottom (Bullish)” pattern

Target
Opportunity recognized 2021 Jul 16 for the period of up to 2 weeks
+0.00151 (15.1 pips) price change since the Technical Event at 0.85676

Technical Analysis

We found a pattern called Double Bottom on 2021 Jul 16 at 17:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 0.86000 to 0.87000.

The price crossed above its moving average on 2021 Jul 19 at 01:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may fall 22 – 37 pips

Pivot
1.1820

Our preference
Short positions below 1.1820 with targets at 1.1790 & 1.1775 in extension.

Alternative scenario
Above 1.1820 look for further upside with 1.1835 & 1.1850 as targets.

Comment
As long as the resistance at 1.1820 is not surpassed, the risk of the break below 1.1790 remains high.

GBP/USD

may fall 30 – 60 pips

Pivot
1.3800

Our preference
Short positions below 1.3800 with targets at 1.3730 & 1.3700 in extension.

Alternative scenario
Above 1.3800 look for further upside with 1.3830 & 1.3860 as targets.

Comment
The RSI is bearish and calls for further downside.

USD/CAD

may rise 24 – 44 pips

Pivot
1.2580

Our preference
Long positions above 1.2580 with targets at 1.2640 & 1.2660 in extension.

Alternative scenario
Below 1.2580 look for further downside with 1.2560 & 1.2540 as targets.

Comment
The RSI is bullish and calls for further upside.

Gold

may fall to 1798.00 – 1803.00

Pivot
1820.00

Our preference
Short positions below 1820.00 with targets at 1803.00 & 1798.00 in extension.

Alternative scenario
Above 1820.00 look for further upside with 1826.00 & 1832.00 as targets.

Comment
The RSI advocates for further downside.

Crude Oil (WTI)

may fall to 69.60 – 70.15

Pivot
71.50

Our preference
Short positions below 71.50 with targets at 70.15 & 69.60 in extension.

Alternative scenario
Above 71.50 look for further upside with 72.00 & 72.40 as targets.

Comment
The RSI is bearish and calls for further downside.

S&P 500 (CME)

may fall to 4267.00 – 4291.00

Pivot
4334.00

Our preference
Short positions below 4334.00 with targets at 4291.00 & 4267.00 in extension.

Alternative scenario
Above 4334.00 look for further upside with 4352.00 & 4367.00 as targets.

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

Nasdaq 100 (CME)

may fall to 14470.00 – 14570.00

Pivot
14780.00

Our preference
Short positions below 14780.00 with targets at 14570.00 & 14470.00 in extension.

Alternative scenario
Above 14780.00 look for further upside with 14870.00 & 14960.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Hang Seng (HKFE)

may fall to 27530.00 – 27670.00

Pivot
27965.00

Our preference
Short positions below 27965.00 with targets at 27670.00 & 27530.00 in extension.

Alternative scenario
Above 27965.00 look for further upside with 28090.00 & 28210.00 as targets.

Comment
The RSI shows downside 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.