1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2022 Apr 11 for the period of up to 12 hours
+0.105 (10.5 pips) price change since the Technical Event at 92.626

Technical Analysis

We found a pattern called Hammer on 2022 Apr 11 at 00:15 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The MACD generated a bullish signal on 2022 Apr 11 at 01:30 GMT.

CAD/JPY Bullish

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

Target
Opportunity recognized 2022 Apr 08 for the period of up to 48 hours
+0.397 (39.7 pips) price change since the Technical Event at 98.647

Technical Analysis

We found a pattern called Double Bottom on 2022 Apr 08 at 13:00 GMT on a 1 hour chart, providing a target price for up to 48 hours in the range of 99.050 to 99.150.

The faster moving average crossed above the slower moving average on 2022 Apr 08 at 18:00 GMT, signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may fall 18 – 33 pips

Pivot
1.0910

Our preference
Short positions below 1.0910 with targets at 1.0865 & 1.0850 in extension.

Alternative scenario
Above 1.0910 look for further upside with 1.0925 & 1.0940 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.0910.

GBP/USD

may fall 29 – 49 pips

Pivot
1.3045

Our preference
Short positions below 1.3045 with targets at 1.3000 & 1.2980 in extension.

Alternative scenario
Above 1.3045 look for further upside with 1.3060 & 1.3075 as targets.

Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.

USD/CAD

may rise 28 – 43 pips

Pivot
1.2560

Our preference
Long positions above 1.2560 with targets at 1.2615 & 1.2630 in extension.

Alternative scenario
Below 1.2560 look for further downside with 1.2545 & 1.2530 as targets.

Comment
The RSI shows upside momentum.

Gold

may rise to 1955.00 – 1962.00

Pivot
1935.00

Our preference
Long positions above 1935.00 with targets at 1955.00 & 1962.00 in extension.

Alternative scenario
Below 1935.00 look for further downside with 1927.00 & 1919.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

may rise to 98.80 – 100.20

Pivot
95.70

Our preference
Long positions above 95.70 with targets at 98.80 & 100.20 in extension.

Alternative scenario
Below 95.70 look for further downside with 93.80 & 92.80 as targets.

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

S&P 500 (CME)

may fall to 4415.00 – 4444.00

Pivot
4503.00

Our preference
Short positions below 4503.00 with targets at 4444.00 & 4415.00 in extension.

Alternative scenario
Above 4503.00 look for further upside with 4519.00 & 4536.00 as targets.

Comment
A break below 4444.00 would trigger a drop towards 4415.00.

Nasdaq 100 (CME)

may fall to 14000.00 – 14180.00

Pivot
14490.00

Our preference
Short positions below 14490.00 with targets at 14180.00 & 14000.00 in extension.

Alternative scenario
Above 14490.00 look for further upside with 14660.00 & 14780.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Hang Seng (HKFE)

may fall to 21550.00 – 21720.00

Pivot
21950.00

Our preference
Short positions below 21950.00 with targets at 21720.00 & 21550.00 in extension.

Alternative scenario
Above 21950.00 look for further upside with 22210.00 & 22400.00 as targets.

Comment
The index currently faces a challenging resistance area at 21950.00.

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.