1. Daily technical analysis of selected currency pairs



AUD/JPY Bearish

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

Target
Opportunity recognized 2021 Dec 06 for the period of up to 12 hours
+0.087 (8.7 pips) price change since the Technical Event at 79.913

Technical Analysis

We found a pattern called Engulfing Line (Bearish) on 2021 Dec 06 at 23:30 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

A bearish event triggered for Slow Stochastics on 2021 Dec 06 at 23:30 GMT when the %K line crossed below the %D line. The close prices are trading closer to the lower end of the recent high-low price range, which is associated with price decreases.

GBP/JPY Bullish

Image Features: forms “Key Reversal Bar (Bullish)” pattern

Target
Opportunity recognized 2021 Dec 06 for the period of up to 12 hours
+0.258 (25.8 pips) price change since the Technical Event at 150.440

Technical Analysis

We found a pattern called Key Reversal Bar (Bullish) on 2021 Dec 06 at 22:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The Momentum oscillator crossed above 0 on 2021 Dec 07 at 01:30 GMT, thereby signaling a new accelerating uptrend.

2. Daily Analyst’s View



EUR/USD

may fall 17 – 32 pips

Pivot
1.1305

Our preference
Short positions below 1.1305 with targets at 1.1265 & 1.1250 in extension.

Alternative scenario
Above 1.1305 look for further upside with 1.1325 & 1.1345 as targets.

Comment
As long as the resistance at 1.1305 is not surpassed, the risk of the break below 1.1265 remains high.

GBP/USD

may rise 27 – 47 pips

Pivot
1.3230

Our preference
Long positions above 1.3230 with targets at 1.3285 & 1.3305 in extension.

Alternative scenario
Below 1.3230 look for further downside with 1.3210 & 1.3190 as targets.

Comment
A support base at 1.3230 has formed and has allowed for a temporary stabilisation.

USD/CAD

may fall 18 – 48 pips

Pivot
1.2795

Our preference
Short positions below 1.2795 with targets at 1.2740 & 1.2710 in extension.

Alternative scenario
Above 1.2795 look for further upside with 1.2820 & 1.2845 as targets.

Comment
A break below 1.2740 would trigger a drop towards 1.2710.

Gold

may fall to 1770.00 – 1775.00

Pivot
1787.00

Our preference
Short positions below 1787.00 with targets at 1775.00 & 1770.00 in extension.

Alternative scenario
Above 1787.00 look for further upside with 1792.00 & 1797.00 as targets.

Comment
A break below 1775.00 would trigger a drop towards 1770.00.

Crude Oil (WTI)

may rise to 71.30 – 72.50

Pivot
68.20

Our preference
Long positions above 68.20 with targets at 71.30 & 72.50 in extension.

Alternative scenario
Below 68.20 look for further downside with 67.35 & 66.60 as targets.

Comment
The RSI is bullish and calls for further upside.

S&P 500 (CME)

may rise to 4646.00 – 4670.00

Pivot
4530.00

Our preference
Long positions above 4530.00 with targets at 4646.00 & 4670.00 in extension.

Alternative scenario
Below 4530.00 look for further downside with 4498.00 & 4458.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Nasdaq 100 (CME)

may rise to 16120.00 – 16245.00

Pivot
15680.00

Our preference
Long positions above 15680.00 with targets at 16120.00 & 16245.00 in extension.

Alternative scenario
Below 15680.00 look for further downside with 15560.00 & 15420.00 as targets.

Comment
The RSI is above its neutrality area at 50%.

Hang Seng (HKFE)

may rise to 23845.00 – 24000.00

Pivot
23555.00

Our preference
Long positions above 23555.00 with targets at 23845.00 & 24000.00 in extension.

Alternative scenario
Below 23555.00 look for further downside with 23270.00 & 22970.00 as targets.

Comment
The next resistances are at 23845.00 and then at 24000.00.

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.