1. Daily technical analysis of selected currency pairs



CAD/JPY Bullish

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

Target
Opportunity recognized 2021 Aug 30 for the period of up to 12 hours
-0.076 (7.6 pips) price change since the Technical Event at 86.998

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Aug 30 at 02:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

On 2021 Aug 30 at 00:30 GMT, the 4-bar Moving Average crossed above the 9-bar MA which crossed above the 18-bar MA, signaling a new uptrend has been established.

GBP/EUR Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Aug 30 for the period of up to 12 hours
+0.00049 (4.9 pips) price change since the Technical Event at 1.16601

Technical Analysis

We found a pattern called Hammer on 2021 Aug 30 at 01:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2021 Aug 30 at 03:15 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may rise 23 – 38 pips

Pivot
1.1775

Our preference
Long positions above 1.1775 with targets at 1.1810 & 1.1825 in extension.

Alternative scenario
Below 1.1775 look for further downside with 1.1760 & 1.1740 as targets.

Comment
The RSI advocates for further upside.

GBP/USD

may rise 16 – 36 pips

Pivot
1.3740

Our preference
Long positions above 1.3740 with targets at 1.3780 & 1.3800 in extension.

Alternative scenario
Below 1.3740 look for further downside with 1.3720 & 1.3700 as targets.

Comment
The RSI calls for a new upleg.

USD/CAD

may fall 30 – 60 pips

Pivot
1.2655

Our preference
Short positions below 1.2655 with targets at 1.2580 & 1.2550 in extension.

Alternative scenario
Above 1.2655 look for further upside with 1.2680 & 1.2705 as targets.

Comment
The RSI advocates for further decline.

Gold

may rise to 1825.00 – 1835.00

Pivot
1805.00

Our preference
Long positions above 1805.00 with targets at 1825.00 & 1835.00 in extension.

Alternative scenario
Below 1805.00 look for further downside with 1794.00 & 1784.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

may rise to 69.85 – 70.50

Pivot
68.55

Our preference
Long positions above 68.55 with targets at 69.85 & 70.50 in extension.

Alternative scenario
Below 68.55 look for further downside with 67.95 & 67.55 as targets.

Comment
The break above 68.55 is a positive signal that has opened a path to 69.85.

S&P 500 (CME)

may rise to 4520.00 – 4530.00

Pivot
4500.00

Our preference
Long positions above 4500.00 with targets at 4520.00 & 4530.00 in extension.

Alternative scenario
Below 4500.00 look for further downside with 4492.00 & 4484.00 as targets.

Comment
The break above the resistance at 4500.00 triggered an upward acceleration to 4520.00.

Nasdaq 100 (CME)

may rise to 15500.00 – 15550.00

Pivot
15400.00

Our preference
Long positions above 15400.00 with targets at 15500.00 & 15550.00 in extension.

Alternative scenario
Below 15400.00 look for further downside with 15360.00 & 15300.00 as targets.

Comment
The RSI shows upside momentum.

Hang Seng (HKFE)

may fall to 24940.00 – 25140.00

Pivot
25435.00

Our preference
Short positions below 25435.00 with targets at 25140.00 & 24940.00 in extension.

Alternative scenario
Above 25435.00 look for further upside with 25600.00 & 25750.00 as targets.

Comment
A break below 25140.00 would trigger a drop towards 24940.00.

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.