1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Feb 15 for the period of up to 2 weeks
+0.694 (69.4 pips) price change since the Technical Event at 82.580

Technical Analysis

We found a pattern called Double Bottom on 2022 Feb 15 at 09:00 GMT on a 1 hour chart, providing a target price for up to 2 weeks in the range of 83.250 to 83.400.

The faster moving average crossed above the slower moving average on 2022 Feb 16 at 09:00 GMT, signaling a new uptrend has been established.

EUR/JPY Bullish

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

Target
Opportunity recognized 2022 Feb 16 for the period of up to 12 hours
+0.071 (7.1 pips) price change since the Technical Event at 131.339

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 Feb 16 at 23:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The Momentum oscillator crossed above 0 on 2022 Feb 17 at 01:30 GMT, thereby signaling a new accelerating uptrend.

2. Daily Analyst’s View

EUR/USD

may rise 16 – 36 pips

Pivot
1.1355

Our preference
Long positions above 1.1355 with targets at 1.1395 & 1.1415 in extension.

Alternative scenario
Below 1.1355 look for further downside with 1.1340 & 1.1320 as targets.

Comment
The RSI is mixed to bullish.

GBP/USD

may rise 12 – 32 pips

Pivot
1.3565

Our preference
Long positions above 1.3565 with targets at 1.3600 & 1.3620 in extension.

Alternative scenario
Below 1.3565 look for further downside with 1.3545 & 1.3525 as targets.

Comment
The RSI advocates for further advance.

USD/CAD

may fall 17 – 32 pips

Pivot
1.2710

Our preference
Short positions below 1.2710 with targets at 1.2675 & 1.2660 in extension.

Alternative scenario
Above 1.2710 look for further upside with 1.2725 & 1.2740 as targets.

Comment
As long as the resistance at 1.2710 is not surpassed, the risk of the break below 1.2675 remains high.

Gold

may rise to 1879.00 – 1888.00

Pivot
1859.00

Our preference
Long positions above 1859.00 with targets at 1879.00 & 1888.00 in extension.

Alternative scenario
Below 1859.00 look for further downside with 1850.00 & 1844.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

may fall to 89.00 – 90.00

Pivot
92.50

Our preference
Short positions below 92.50 with targets at 90.00 & 89.00 in extension.

Alternative scenario
Above 92.50 look for further upside with 93.30 & 94.00 as targets.

Comment
As long as the resistance at 92.50 is not surpassed, the risk of the break below 90.00 remains high.

S&P 500 (CME)

may rise to 4502.00 – 4550.00

Pivot
4430.00

Our preference
Long positions above 4430.00 with targets at 4502.00 & 4550.00 in extension.

Alternative scenario
Below 4430.00 look for further downside with 4410.00 & 4382.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Nasdaq 100 (CME)

may rise to 14740.00 – 14870.00

Pivot
14470.00

Our preference
Long positions above 14470.00 with targets at 14740.00 & 14870.00 in extension.

Alternative scenario
Below 14470.00 look for further downside with 14390.00 & 14240.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Hang Seng (HKFE)

may rise to 24860.00 – 24980.00

Pivot
24530.00

Our preference
Long positions above 24530.00 with targets at 24860.00 & 24980.00 in extension.

Alternative scenario
Below 24530.00 look for further downside with 24390.00 & 24280.00 as targets.

Comment
The RSI is bullish and calls for further advance.

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.