1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Feb 07 for the period of up to 12 hours
+0.109 (10.9 pips) price change since the Technical Event at 81.460

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 Feb 07 at 00:45 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The MACD generated a bullish signal on 2022 Feb 07 at 01:45 GMT.

EUR/JPY Bullish

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

Target
Opportunity recognized 2022 Feb 07 for the period of up to 12 hours
-0.047 (4.7 pips) price change since the Technical Event at 131.984

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 Feb 07 at 01:00 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 07 at 01:30 GMT, thereby signaling a new accelerating uptrend.

2. Daily Analyst’s View

EUR/USD

may fall 23 – 43 pips

Pivot
1.1485

Our preference
Short positions below 1.1485 with targets at 1.1430 & 1.1410 in extension.

Alternative scenario
Above 1.1485 look for further upside with 1.1500 & 1.1520 as targets.

Comment
As long as 1.1485 is resistance, look for choppy price action with a bearish bias.

GBP/USD

may fall 31 – 51 pips

Pivot
1.3560

Our preference
Short positions below 1.3560 with targets at 1.3500 & 1.3480 in extension.

Alternative scenario
Above 1.3560 look for further upside with 1.3580 & 1.3600 as targets.

Comment
The RSI calls for a new downleg.

USD/CAD

may rise 25 – 45 pips

Pivot
1.2720

Our preference
Long positions above 1.2720 with targets at 1.2770 & 1.2790 in extension.

Alternative scenario
Below 1.2720 look for further downside with 1.2700 & 1.2680 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Gold

may rise to 1815.00 – 1822.00

Pivot
1800.00

Our preference
Long positions above 1800.00 with targets at 1815.00 & 1822.00 in extension.

Alternative scenario
Below 1800.00 look for further downside with 1795.00 & 1791.00 as targets.

Comment
The RSI calls for a new upleg.

Crude Oil (WTI)

may rise to 92.50 – 93.15

Pivot
91.00

Our preference
Long positions above 91.00 with targets at 92.50 & 93.15 in extension.

Alternative scenario
Below 91.00 look for further downside with 90.30 & 89.70 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

S&P 500 (CME)

may rise to 4543.00 – 4585.00

Pivot
4472.00

Our preference
Long positions above 4472.00 with targets at 4543.00 & 4585.00 in extension.

Alternative scenario
Below 4472.00 look for further downside with 4438.00 & 4394.00 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

Nasdaq 100 (CME)

may rise to 14870.00 – 15000.00

Pivot
14560.00

Our preference
Long positions above 14560.00 with targets at 14870.00 & 15000.00 in extension.

Alternative scenario
Below 14560.00 look for further downside with 14410.00 & 14270.00 as targets.

Comment
The RSI is mixed to bullish.

Hang Seng (HKFE)

may rise to 25020.00 – 25250.00

Pivot
24150.00

Our preference
Long positions above 24150.00 with targets at 25020.00 & 25250.00 in extension.

Alternative scenario
Below 24150.00 look for further downside with 24000.00 & 23760.00 as targets.

Comment
The RSI shows upside 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.