1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Mar 25 for the period of up to 48 hours
+0.686 (68.6 pips) price change since the Technical Event at 91.877

Technical Analysis

We found a pattern called Continuation Diamond (Bullish) on 2022 Mar 25 at 20:00 GMT on a 30 minute chart, providing a target price for up to 48 hours in the range of 92.650 to 92.800.

The faster moving average crossed above the slower moving average on 2022 Mar 25 at 20:30 GMT, signaling a new uptrend has been established.

CAD/JPY Bullish

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

Target
Opportunity recognized 2022 Feb 23 for the period of up to 2 weeks
+8.001 (800.1 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 fall 12 – 32 pips

Pivot
1.0975

Our preference
Short positions below 1.0975 with targets at 1.0940 & 1.0920 in extension.

Alternative scenario
Above 1.0975 look for further upside with 1.0995 & 1.1020 as targets.

Comment
A break below 1.0940 would trigger a drop towards 1.0920.

GBP/USD

may fall 9 – 34 pips

Pivot
1.3175

Our preference
Short positions below 1.3175 with targets at 1.3140 & 1.3115 in extension.

Alternative scenario
Above 1.3175 look for further upside with 1.3195 & 1.3210 as targets.

Comment
The RSI advocates for further downside.

USD/CAD

may rise 30 – 50 pips

Pivot
1.2470

Our preference
Long positions above 1.2470 with targets at 1.2515 & 1.2535 in extension.

Alternative scenario
Below 1.2470 look for further downside with 1.2450 & 1.2430 as targets.

Comment
A support base at 1.2470 has formed and has allowed for a temporary stabilisation.

Gold

may fall to 1926.00 – 1935.00

Pivot
1958.00

Our preference
Short positions below 1958.00 with targets at 1935.00 & 1926.00 in extension.

Alternative scenario
Above 1958.00 look for further upside with 1966.00 & 1972.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Crude Oil (WTI)

may fall to 107.10 – 108.70

Pivot
112.40

Our preference
Short positions below 112.40 with targets at 108.70 & 107.10 in extension.

Alternative scenario
Above 112.40 look for further upside with 114.10 & 115.50 as targets.

Comment
As long as the resistance at 112.40 is not surpassed, the risk of the break below 108.70 remains high.

S&P 500 (CME)

may rise to 4560.00 – 4578.00

Pivot
4493.00

Our preference
Long positions above 4493.00 with targets at 4560.00 & 4578.00 in extension.

Alternative scenario
Below 4493.00 look for further downside with 4475.00 & 4460.00 as targets.

Comment
The next resistances are at 4560.00 and then at 4578.00.

Nasdaq 100 (CME)

may rise to 14840.00 – 14900.00

Pivot
14600.00

Our preference
Long positions above 14600.00 with targets at 14840.00 & 14900.00 in extension.

Alternative scenario
Below 14600.00 look for further downside with 14430.00 & 14300.00 as targets.

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

Hang Seng (HKFE)

may rise to 21930.00 – 22200.00

Pivot
21300.00

Our preference
Long positions above 21300.00 with targets at 21930.00 & 22200.00 in extension.

Alternative scenario
Below 21300.00 look for further downside with 21080.00 & 20870.00 as targets.

Comment
The RSI advocates for further upside.

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.