1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Mar 16 for the period of up to 2 weeks
+7.150 (714 pips) price change since the Technical Event at 85.202

Technical Analysis

We found a pattern called Continuation Diamond (Bullish) on 2022 Mar 16 at 09:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 87.100 to 87.500.

On 2022 Apr 04 at 01:00 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 Bullish

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

Target
Opportunity recognized 2022 Apr 01 for the period of up to 2 weeks
-0.009 (0.9 pips) price change since the Technical Event at 98.099

Technical Analysis

We found a pattern called Continuation Diamond (Bullish) on 2022 Apr 01 at 13:00 GMT on a 30 minute chart, providing a target price for up to 2 weeks in the range of 99.200 to 99.400.

The faster moving average crossed above the slower moving average on 2022 Apr 04 at 01:00 GMT, signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may fall 28 – 48 pips

Pivot
1.1010

Our preference
Short positions below 1.1010 with targets at 1.0950 & 1.0930 in extension.

Alternative scenario
Above 1.1010 look for further upside with 1.1030 & 1.1055 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.1010.

GBP/USD

may fall 24 – 39 pips

Pivot
1.3135

Our preference
Short positions below 1.3135 with targets at 1.3090 & 1.3075 in extension.

Alternative scenario
Above 1.3135 look for further upside with 1.3150 & 1.3165 as targets.

Comment
As long as the resistance at 1.3135 is not surpassed, the risk of the break below 1.3090 remains high.

USD/CAD

may fall 20 – 35 pips

Pivot
1.2510

Our preference
Short positions below 1.2510 with targets at 1.2465 & 1.2450 in extension.

Alternative scenario
Above 1.2510 look for further upside with 1.2525 & 1.2540 as targets.

Comment
The RSI calls for a drop.

Gold

may rise to 1939.00 – 1949.00

Pivot
1924.00

Our preference
Long positions above 1924.00 with targets at 1939.00 & 1949.00 in extension.

Alternative scenario
Below 1924.00 look for further downside with 1915.00 & 1907.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

may rise to 106.70 – 108.70

Pivot
101.20

Our preference
Long positions above 101.20 with targets at 106.70 & 108.70 in extension.

Alternative scenario
Below 101.20 look for further downside with 99.50 & 97.80 as targets.

Comment
The RSI advocates for further advance.

S&P 500 (CME)

may rise to 4589.00 – 4610.00

Pivot
4550.00

Our preference
Long positions above 4550.00 with targets at 4589.00 & 4610.00 in extension.

Alternative scenario
Below 4550.00 look for further downside with 4528.00 & 4501.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Nasdaq 100 (CME)

may rise to 15260.00 – 15340.00

Pivot
15030.00

Our preference
Long positions above 15030.00 with targets at 15260.00 & 15340.00 in extension.

Alternative scenario
Below 15030.00 look for further downside with 14960.00 & 14820.00 as targets.

Comment
The RSI shows upside momentum.

Hang Seng (HKFE)

may rise to 22845.00 – 23000.00

Pivot
22400.00

Our preference
Long positions above 22400.00 with targets at 22845.00 & 23000.00 in extension.

Alternative scenario
Below 22400.00 look for further downside with 22070.00 & 21910.00 as targets.

Comment
The RSI is above its neutrality area at 50%. The market is closed for Ching Ming Festival holiday.

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.