1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Two Bar Reversal (Bullish)” pattern

Target
Opportunity recognized 2022 Feb 24 for the period of up to 12 hours
-0.009 (0.9 pips) price change since the Technical Event at 82.850

Technical Analysis

We found a pattern called Two Bar Reversal (Bullish) on 2022 Feb 24 at 01:15 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The RSI rose above 30 on 2022 Feb 24 at 01:15 GMT, telling us the price is starting to recover from being oversold.

CAD/JPY Bullish

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

Target
Opportunity recognized 2022 Feb 23 for the period of up to 2 weeks
-0.334 (33.4 pips) price change since the Technical Event at 90.449

Technical Analysis

We found a pattern called Continuation Diamond (Bullish) on 2022 Feb 23 at 09:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 92.800 to 93.300.

On 2022 Feb 23 at 13:00 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.

2. Daily Analyst’s View

EUR/USD

may fall 21 – 36 pips

Pivot
1.1330

Our preference
Short positions below 1.1330 with targets at 1.1285 & 1.1270 in extension.

Alternative scenario
Above 1.1330 look for further upside with 1.1345 & 1.1360 as targets.

Comment
The RSI is bearish and calls for further decline.

GBP/USD

may fall 27 – 47 pips

Pivot
1.3575

Our preference
Short positions below 1.3575 with targets at 1.3520 & 1.3500 in extension.

Alternative scenario
Above 1.3575 look for further upside with 1.3590 & 1.3605 as targets.

Comment
The RSI advocates for further downside.

USD/CAD

may rise 22 – 37 pips

Pivot
1.2705

Our preference
Long positions above 1.2705 with targets at 1.2755 & 1.2770 in extension.

Alternative scenario
Below 1.2705 look for further downside with 1.2690 & 1.2675 as targets.

Comment
The RSI calls for a bounce.

Gold

may rise to 1921.00 – 1930.00

Pivot
1899.00

Our preference
Long positions above 1899.00 with targets at 1921.00 & 1930.00 in extension.

Alternative scenario
Below 1899.00 look for further downside with 1892.00 & 1886.00 as targets.

Comment
The RSI shows upside momentum.

Crude Oil (WTI)

may rise to 93.90 – 94.95

Pivot
91.30

Our preference
Long positions above 91.30 with targets at 93.90 & 94.95 in extension.

Alternative scenario
Below 91.30 look for further downside with 90.65 & 89.75 as targets.

Comment
The RSI calls for a rebound.

S&P 500 (CME)

may fall to 4145.00 – 4172.00

Pivot
4273.00

Our preference
Short positions below 4273.00 with targets at 4172.00 & 4145.00 in extension.

Alternative scenario
Above 4273.00 look for further upside with 4310.00 & 4358.00 as targets.

Comment
The immediate trend remains down and the momentum is strong.

Nasdaq 100 (CME)

may fall to 13100.00 – 13400.00

Pivot
13730.00

Our preference
Short positions below 13730.00 with targets at 13400.00 & 13100.00 in extension.

Alternative scenario
Above 13730.00 look for further upside with 13860.00 & 14100.00 as targets.

Comment
The RSI shows downside momentum.

Hang Seng (HKFE)

may fall to 22870.00 – 23100.00

Pivot
23600.00

Our preference
Short positions below 23600.00 with targets at 23100.00 & 22870.00 in extension.

Alternative scenario
Above 23600.00 look for further upside with 23850.00 & 24000.00 as targets.

Comment
The RSI shows downside 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.