1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Feb 07 for the period of up to 2 weeks
+0.829 (82.9 pips) price change since the Technical Event at 81.818

Technical Analysis

We found a pattern called Continuation Diamond (Bullish) on 2022 Feb 07 at 17:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 83.500 to 83.900.

The price crossed above its moving average on 2022 Feb 08 at 21:00 GMT signaling a new uptrend has been established.

EUR/JPY Bullish

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

Target
Opportunity recognized 2022 Jan 31 for the period of up to 2 weeks
+2.684 (268.4 pips) price change since the Technical Event at 129.235

Technical Analysis

We found a pattern called Triple Bottom on 2022 Jan 31 at 21:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 130.150 to 130.350.

The faster moving average crossed above the slower moving average on 2022 Feb 09 at 01:00 GMT, signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may rise 13 – 28 pips

Pivot
1.1405

Our preference
Long positions above 1.1405 with targets at 1.1435 & 1.1450 in extension.

Alternative scenario
Below 1.1405 look for further downside with 1.1395 & 1.1385 as targets.

Comment
The RSI shows upside momentum.

GBP/USD

may rise 7 – 27 pips

Pivot
1.3535

Our preference
Long positions above 1.3535 with targets at 1.3565 & 1.3585 in extension.

Alternative scenario
Below 1.3535 look for further downside with 1.3520 & 1.3505 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/CAD

may fall 16 – 31 pips

Pivot
1.2720

Our preference
Short positions below 1.2720 with targets at 1.2685 & 1.2670 in extension.

Alternative scenario
Above 1.2720 look for further upside with 1.2740 & 1.2760 as targets.

Comment
As long as the resistance at 1.2720 is not surpassed, the risk of the break below 1.2685 remains high.

Gold

may rise to 1835.00 – 1842.00

Pivot
1816.00

Our preference
Long positions above 1816.00 with targets at 1835.00 & 1842.00 in extension.

Alternative scenario
Below 1816.00 look for further downside with 1809.00 & 1802.00 as targets.

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

Crude Oil (WTI)

may fall to 87.70 – 88.50

Pivot
90.25

Our preference
Short positions below 90.25 with targets at 88.50 & 87.70 in extension.

Alternative scenario
Above 90.25 look for further upside with 90.90 & 91.70 as targets.

Comment
As long as the resistance at 90.25 is not surpassed, the risk of the break below 88.50 remains high.

S&P 500 (CME)

may rise to 4567.00 – 4585.00

Pivot
4485.00

Our preference
Long positions above 4485.00 with targets at 4567.00 & 4585.00 in extension.

Alternative scenario
Below 4485.00 look for further downside with 4462.00 & 4438.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Nasdaq 100 (CME)

may rise to 15000.00 – 15140.00

Pivot
14610.00

Our preference
Long positions above 14610.00 with targets at 15000.00 & 15140.00 in extension.

Alternative scenario
Below 14610.00 look for further downside with 14410.00 & 14270.00 as targets.

Comment
The RSI advocates for further upside.

Hang Seng (HKFE)

may rise to 25020.00 – 25200.00

Pivot
24390.00

Our preference
Long positions above 24390.00 with targets at 25020.00 & 25200.00 in extension.

Alternative scenario
Below 24390.00 look for further downside with 24150.00 & 23870.00 as targets.

Comment
Technically the RSI is above 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.