1. Daily technical analysis of selected currency pairs
AUD/JPY Bullish
Image Features: forms “Megaphone Bottom (Bullish)” pattern
Target
Opportunity recognized 2021 Dec 23 for the period of up to 2 weeks
+0.503 (50.3 pips) price change since the Technical Event at 82.435
Technical Analysis
We found a pattern called Megaphone Bottom on 2021 Dec 23 at 09:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 84.400 to 84.800.
The faster moving average crossed above the slower moving average on 2021 Dec 27 at 17:00 GMT, signaling a new uptrend has been established.
EUR/JPY Bullish
Image Features: forms “Triple Bottom (Bullish)” pattern
Target
Opportunity recognized 2021 Dec 08 for the period of up to 2 weeks
+1.102 (110.2 pips) price change since the Technical Event at 128.782
Technical Analysis
We found a pattern called Triple Bottom on 2021 Dec 08 at 17:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 130.000 to 130.300.
The faster moving average crossed above the slower moving average on 2021 Dec 27 at 17:00 GMT, signaling a new uptrend has been established.
2. Daily Analyst’s View
EUR/USD
may fall 22 – 37 pips
Pivot
1.1335
Our preference
Short positions below 1.1335 with targets at 1.1290 & 1.1275 in extension.
Alternative scenario
Above 1.1335 look for further upside with 1.1350 & 1.1365 as targets.
Comment
As long as the resistance at 1.1335 is not surpassed, the risk of the break below 1.1290 remains high.
GBP/USD
may fall 18 – 33 pips
Pivot
1.3450
Our preference
Short positions below 1.3450 with targets at 1.3415 & 1.3400 in extension.
Alternative scenario
Above 1.3450 look for further upside with 1.3465 & 1.3480 as targets.
Comment
As long as the resistance at 1.3450 is not surpassed, the risk of the break below 1.3415 remains high.
USD/CAD
may rise 16 – 31 pips
Pivot
1.2790
Our preference
Long positions above 1.2790 with targets at 1.2830 & 1.2845 in extension.
Alternative scenario
Below 1.2790 look for further downside with 1.2775 & 1.2760 as targets.
Comment
The RSI calls for a bounce.
Gold
may fall to 1798.00 – 1803.00
Pivot
1812.00
Our preference
Short positions below 1812.00 with targets at 1803.00 & 1798.00 in extension.
Alternative scenario
Above 1812.00 look for further upside with 1816.00 & 1820.00 as targets.
Comment
As long as the resistance at 1812.00 is not surpassed, the risk of the break below 1803.00 remains high.
Crude Oil (WTI)
may rise to 76.90 – 77.80
Pivot
75.20
Our preference
Long positions above 75.20 with targets at 76.90 & 77.80 in extension.
Alternative scenario
Below 75.20 look for further downside with 74.20 & 73.50 as targets.
Comment
The RSI is mixed with a bullish bias.
S&P 500 (CME)
may rise to 4800.00 – 4815.00
Pivot
4770.00
Our preference
Long positions above 4770.00 with targets at 4800.00 & 4815.00 in extension.
Alternative scenario
Below 4770.00 look for further downside with 4755.00 & 4740.00 as targets.
Comment
The RSI calls for a rebound.
Nasdaq 100 (CME)
may rise to 16590.00 – 16660.00
Pivot
16450.00
Our preference
Long positions above 16450.00 with targets at 16590.00 & 16660.00 in extension.
Alternative scenario
Below 16450.00 look for further downside with 16380.00 & 16300.00 as targets.
Comment
The RSI calls for a rebound.
Hang Seng (HKFE)
may rise to 23300.00 – 23380.00
Pivot
23180.00
Our preference
Long positions above 23180.00 with targets at 23300.00 & 23380.00 in extension.
Alternative scenario
Below 23180.00 look for further downside with 23100.00 & 23000.00 as targets.
Comment
The RSI lacks downward momentum.
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.
