1. Daily technical analysis of selected currency pairs



GBP/JPY Bullish

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

Target
Opportunity recognized 2022 Mar 25 for the period of up to 12 hours
+0.171 (17.1 pips) price change since the Technical Event at 160.927

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 Mar 25 at 01:45 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

A bullish event triggered for Slow Stochastics on 2022 Mar 25 at 02:00 GMT when the %K line crossed above the %D line. The close prices are trading closer to the upper end of the recent high-low price range, which is associated with price increases.

CAD/JPY Bullish

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

Target
Opportunity recognized 2022 Feb 23 for the period of up to 2 weeks
+6.901 (690.1 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.

The price crossed above its moving average on 2022 Mar 10 at 17:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may rise 21 – 51 pips

Pivot
1.0990

Our preference
Long positions above 1.0990 with targets at 1.1050 & 1.1080 in extension.

Alternative scenario
Below 1.0990 look for further downside with 1.0965 & 1.0945 as targets.

Comment
The RSI is bullish and calls for further upside.

GBP/USD

may rise 25 – 45 pips

Pivot
1.3160

Our preference
Long positions above 1.3160 with targets at 1.3215 & 1.3235 in extension.

Alternative scenario
Below 1.3160 look for further downside with 1.3140 & 1.3120 as targets.

Comment
The RSI is mixed with a bullish bias.

USD/CAD

may fall 28 – 43 pips

Pivot
1.2555

Our preference
Short positions below 1.2555 with targets at 1.2505 & 1.2490 in extension.

Alternative scenario
Above 1.2555 look for further upside with 1.2570 & 1.2585 as targets.

Comment
As long as the resistance at 1.2555 is not surpassed, the risk of the break below 1.2505 remains high.

Gold

may rise to 1974.00 – 1984.00

Pivot
1948.00

Our preference
Long positions above 1948.00 with targets at 1974.00 & 1984.00 in extension.

Alternative scenario
Below 1948.00 look for further downside with 1937.00 & 1924.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Crude Oil (WTI)

may rise to 117.00 – 119.70

Pivot
113.70

Our preference
Short positions below 113.70 with targets at 110.60 & 109.05 in extension.

Alternative scenario
Above 113.70 look for further upside with 115.65 & 116.60 as targets.

Comment
The RSI is mixed with a bearish bias.

S&P 500 (CME)

may rise to 4530.00 – 4560.00

Pivot
4482.00

Our preference
Long positions above 4482.00 with targets at 4530.00 & 4560.00 in extension.

Alternative scenario
Below 4482.00 look for further downside with 4460.00 & 4445.00 as targets.

Comment
The RSI advocates for further upside.

Nasdaq 100 (CME)

may rise to 14900.00 – 15070.00

Pivot
14580.00

Our preference
Long positions above 14580.00 with targets at 14900.00 & 15070.00 in extension.

Alternative scenario
Below 14580.00 look for further downside with 14430.00 & 14300.00 as targets.

Comment
The RSI shows upside momentum.

Hang Seng (HKFE)

may rise to 22200.00 – 22400.00

Pivot
21690.00

Our preference
Long positions above 21690.00 with targets at 22200.00 & 22400.00 in extension.

Alternative scenario
Below 21690.00 look for further downside with 21480.00 & 21080.00 as targets.

Comment
The RSI is below its neutrality area at 50% but reversing up.

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.