1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Mar 30 for the period of up to 12 hours
+0.123 (12.3 pips) price change since the Technical Event at 91.455

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 Mar 30 at 04:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The RSI rose above 30 on 2022 Mar 30 at 04:00 GMT, telling us the price is starting to recover from being oversold.

CAD/JPY Bullish

Image Features: forms “Engulfing Line (Bullish)” pattern

Target
Opportunity recognized 2022 Mar 30 for the period of up to 12 hours
+0.162 (16.2 pips) price change since the Technical Event at 97.331

Technical Analysis

We found a pattern called Engulfing Line (Bullish) on 2022 Mar 30 at 03:45 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The RSI rose above 30 on 2022 Mar 30 at 04:00 GMT, telling us the price is starting to recover from being oversold.

2. Daily Analyst’s View

EUR/USD

may rise 16 – 36 pips

Pivot
1.1075

Our preference
Long positions above 1.1075 with targets at 1.1120 & 1.1140 in extension.

Alternative scenario
Below 1.1075 look for further downside with 1.1055 & 1.1030 as targets.

Comment
The RSI advocates for further advance.

GBP/USD

may rise 20 – 35 pips

Pivot
1.3075

Our preference
Long positions above 1.3075 with targets at 1.3115 & 1.3130 in extension.

Alternative scenario
Below 1.3075 look for further downside with 1.3055 & 1.3035 as targets.

Comment
The RSI lacks downward momentum.

USD/CAD

may fall 17 – 37 pips

Pivot
1.2525

Our preference
Short positions below 1.2525 with targets at 1.2475 & 1.2455 in extension.

Alternative scenario
Above 1.2525 look for further upside with 1.2545 & 1.2565 as targets.

Comment
A break below 1.2475 would trigger a drop towards 1.2455.

Gold

may rise to 1928.00 – 1941.00

Pivot
1908.00

Our preference
Long positions above 1908.00 with targets at 1928.00 & 1941.00 in extension.

Alternative scenario
Below 1908.00 look for further downside with 1899.00 & 1890.00 as targets.

Comment
The RSI calls for a bounce.

Crude Oil (WTI)

may rise to 108.70 – 111.00

Pivot
102.10

Our preference
Long positions above 102.10 with targets at 108.70 & 111.00 in extension.

Alternative scenario
Below 102.10 look for further downside with 99.40 & 96.15 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500 (CME)

may rise to 4663.00 – 4690.00

Pivot
4581.00

Our preference
Long positions above 4581.00 with targets at 4663.00 & 4690.00 in extension.

Alternative scenario
Below 4581.00 look for further downside with 4548.00 & 4525.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Nasdaq 100 (CME)

may rise to 15370.00 – 15510.00

Pivot
15030.00

Our preference
Long positions above 15030.00 with targets at 15370.00 & 15510.00 in extension.

Alternative scenario
Below 15030.00 look for further downside with 14900.00 & 14740.00 as targets.

Comment
The RSI is mixed to bullish.

Hang Seng (HKFE)

may rise to 22370.00 – 22570.00

Pivot
21980.00

Our preference
Long positions above 21980.00 with targets at 22370.00 & 22570.00 in extension.

Alternative scenario
Below 21980.00 look for further downside with 21830.00 & 21620.00 as targets.

Comment
The RSI is mixed with a bullish bias.

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.