1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Continuation Diamond (Bullish)” pattern

Target
Opportunity recognized 2021 Jun 10 for the period of up to 2 weeks
+0.518 (51.8 pips) price change since the Technical Event at 84.923

Technical Analysis

We found a pattern called Continuation Diamond (Bullish) on 2021 Jun 10 at 13:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 88.100 to 88.800.

The price crossed above its moving average on 2021 Oct 25 at 01:00 GMT signaling a new uptrend has been established.

EUR/GBP Bearish

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

Target
Opportunity recognized 2021 Oct 26 for the period of up to 12 hours
-0.00058 (5.8 pips) price change since the Technical Event at 0.84329

Technical Analysis

We found a pattern called Inside Bar (Bearish) on 2021 Oct 26 at 00:00 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

The Momentum oscillator crossed below 0 on 2021 Oct 26 at 02:30 GMT, thereby signaling a new accelerating downtrend.

2. Daily Analyst’s View



EUR/USD

may fall 18 – 33 pips

Pivot
1.1630

Our preference
Short positions below 1.1630 with targets at 1.1590 & 1.1575 in extension.

Alternative scenario
Above 1.1630 look for further upside with 1.1645 & 1.1665 as targets.

Comment
The RSI calls for a new downleg.

GBP/USD

may fall 20 – 40 pips

Pivot
1.3790

Our preference
Short positions below 1.3790 with targets at 1.3740 & 1.3720 in extension.

Alternative scenario
Above 1.3790 look for further upside with 1.3810 & 1.3830 as targets.

Comment
As long as the resistance at 1.3790 is not surpassed, the risk of the break below 1.3740 remains high.

USD/CAD

may rise 30 – 50 pips

Pivot
1.2350

Our preference
Long positions above 1.2350 with targets at 1.2410 & 1.2430 in extension.

Alternative scenario
Below 1.2350 look for further downside with 1.2330 & 1.2310 as targets.

Comment
The RSI calls for a bounce.

Gold

may rise to 1814.00 – 1823.00

Pivot
1797.00

Our preference
Long positions above 1797.00 with targets at 1814.00 & 1823.00 in extension.

Alternative scenario
Below 1797.00 look for further downside with 1790.00 & 1782.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

may fall to 82.55 – 83.20

Pivot
84.25

Our preference
Short positions below 84.25 with targets at 83.20 & 82.55 in extension.

Alternative scenario
Above 84.25 look for further upside with 84.75 & 85.40 as targets.

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

S&P 500 (CME)

may rise to 4574.00 – 4590.00

Pivot
4548.00

Our preference
Long positions above 4548.00 with targets at 4574.00 & 4590.00 in extension.

Alternative scenario
Below 4548.00 look for further downside with 4538.00 & 4529.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Nasdaq 100 (CME)

may rise to 15600.00 – 15720.00

Pivot
15450.00

Our preference
Long positions above 15450.00 with targets at 15600.00 & 15720.00 in extension.

Alternative scenario
Below 15450.00 look for further downside with 15405.00 & 15330.00 as targets.

Comment
The RSI advocates for further advance.

Hang Seng (HKFE)

may rise to 26220.00 – 26330.00

Pivot
25920.00

Our preference
Long positions above 25920.00 with targets at 26220.00 & 26480.00 in extension.

Alternative scenario
Below 25920.00 look for further downside with 25820.00 & 25720.00 as targets.

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

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.