1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2021 Dec 13 for the period of up to 12 hours
+0.054 (5.4 pips) price change since the Technical Event at 81.336

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Dec 13 at 01:15 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

On 2021 Dec 13 at 00:15 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.

USD/JPY Bullish

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

Target
Opportunity recognized 2021 Dec 12 for the period of up to 48 hours
+0.075 (7.5 pips) price change since the Technical Event at 113.463

Technical Analysis

We found a pattern called Double Bottom on 2021 Dec 12 at 23:30 GMT on a 30 minute chart, providing a target price for up to 48 hours in the range of 113.700 to 113.760.

The price crossed above its moving average on 2021 Dec 13 at 00:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may rise 15 – 30 pips

Pivot
1.1285

Our preference
Long positions above 1.1285 with targets at 1.1325 & 1.1340 in extension.

Alternative scenario
Below 1.1285 look for further downside with 1.1265 & 1.1250 as targets.

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

GBP/USD

may rise 21 – 41 pips

Pivot
1.3230

Our preference
Long positions above 1.3230 with targets at 1.3275 & 1.3295 in extension.

Alternative scenario
Below 1.3230 look for further downside with 1.3210 & 1.3185 as targets.

Comment
A support base at 1.3230 has formed and has allowed for a temporary stabilisation.

USD/CAD

may rise 15 – 35 pips

Pivot
1.2705

Our preference
Long positions above 1.2705 with targets at 1.2740 & 1.2760 in extension.

Alternative scenario
Below 1.2705 look for further downside with 1.2690 & 1.2670 as targets.

Comment
The RSI advocates for further advance.

Gold

may rise to 1789.00 – 1793.00

Pivot
1776.00

Our preference
Long positions above 1776.00 with targets at 1789.00 & 1793.00 in extension.

Alternative scenario
Below 1776.00 look for further downside with 1769.00 & 1763.00 as targets.

Comment
The RSI calls for a bounce.

Crude Oil (WTI)

may rise to 73.30 – 74.30

Pivot
71.20

Our preference
Long positions above 71.20 with targets at 73.30 & 74.30 in extension.

Alternative scenario
Below 71.20 look for further downside with 70.40 & 69.50 as targets.

Comment
The RSI advocates for further advance.

S&P 500 (CME)

may rise to 4747.00 – 4767.00

Pivot
4676.00

Our preference
Long positions above 4676.00 with targets at 4747.00 & 4767.00 in extension.

Alternative scenario
Below 4676.00 look for further downside with 4657.00 & 4635.00 as targets.

Comment
The RSI shows upside momentum.

Nasdaq 100 (CME)

may rise to 16435.00 – 16570.00

Pivot
16210.00

Our preference
Long positions above 16210.00 with targets at 16435.00 & 16570.00 in extension.

Alternative scenario
Below 16210.00 look for further downside with 16120.00 & 15990.00 as targets.

Comment
The RSI advocates for further upside.

Hang Seng (HKFE)

may rise to 24340.00 – 24450.00

Pivot
23910.00

Our preference
Long positions above 23910.00 with targets at 24340.00 & 24450.00 in extension.

Alternative scenario
Below 23910.00 look for further downside with 23695.00 & 23500.00 as targets.

Comment
The RSI is around its neutrality area at 50%.

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.