1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Apr 01 for the period of up to 48 hours
+0.167 (16.7 pips) price change since the Technical Event at 91.382

Technical Analysis

We found a pattern called Double Bottom on 2022 Apr 01 at 02:00 GMT on a 1 hour chart, providing a target price for up to 48 hours in the range of 91.950 to 92.050.

On 2022 Apr 01 at 02:00 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.

CAD/JPY Bearish

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

Target
Opportunity recognized 2022 Apr 01 for the period of up to 12 hours
-0.068 (6.8 pips) price change since the Technical Event at 97.884

Technical Analysis

We found a pattern called Inside Bar (Bearish) on 2022 Apr 01 at 02:10 GMT on a 5 minute chart suggesting the outlook is bearish for up to 12 hours.

A bearish event triggered for Slow Stochastics on 2022 Apr 01 at 02:20 GMT when the %K line crossed below the %D line. The close prices are trading closer to the lower end of the recent high-low price range, which is associated with price decreases.

2. Daily Analyst’s View

EUR/USD

may fall 28 – 48 pips

Pivot
1.1110

Our preference
Short positions below 1.1110 with targets at 1.1040 & 1.1020 in extension.

Alternative scenario
Above 1.1110 look for further upside with 1.1130 & 1.1150 as targets.

Comment
Technically the RSI is below its neutrality area at 50.

GBP/USD

may fall 16 – 31 pips

Pivot
1.3155

Our preference
Short positions below 1.3155 with targets at 1.3120 & 1.3105 in extension.

Alternative scenario
Above 1.3155 look for further upside with 1.3180 & 1.3200 as targets.

Comment
As long as the resistance at 1.3155 is not surpassed, the risk of the break below 1.3120 remains high.

USD/CAD

may rise 33 – 53 pips

Pivot
1.2465

Our preference
Long positions above 1.2465 with targets at 1.2535 & 1.2555 in extension.

Alternative scenario
Below 1.2465 look for further downside with 1.2445 & 1.2425 as targets.

Comment
The RSI calls for a bounce.

Gold

may rise to 1944.00 – 1950.00

Pivot
1928.00

Our preference
Long positions above 1928.00 with targets at 1944.00 & 1950.00 in extension.

Alternative scenario
Below 1928.00 look for further downside with 1919.00 & 1912.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

may fall to 96.95 – 98.40

Pivot
102.60

Our preference
Short positions below 102.60 with targets at 98.40 & 96.95 in extension.

Alternative scenario
Above 102.60 look for further upside with 104.15 & 105.60 as targets.

Comment
The RSI is bearish and calls for further downside.

S&P 500 (CME)

may fall to 4493.00 – 4514.00

Pivot
4575.00

Our preference
Short positions below 4575.00 with targets at 4514.00 & 4493.00 in extension.

Alternative scenario
Above 4575.00 look for further upside with 4589.00 & 4610.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Nasdaq 100 (CME)

may fall to 14740.00 – 14830.00

Pivot
15030.00

Our preference
Short positions below 15030.00 with targets at 14830.00 & 14740.00 in extension.

Alternative scenario
Above 15030.00 look for further upside with 15115.00 & 15230.00 as targets.

Comment
The RSI shows downside momentum.

Hang Seng (HKFE)

may fall to 21400.00 – 21620.00

Pivot
21980.00

Our preference
Short positions below 21980.00 with targets at 21620.00 & 21400.00 in extension.

Alternative scenario
Above 21980.00 look for further upside with 22140.00 & 22410.00 as targets.

Comment
The RSI is bearish and calls for further decline.

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.