1. Daily technical analysis of selected currency pairs

GBP/EUR Bearish

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

Target
Opportunity recognized 2021 Jun 28 for the period of up to 12 hours
+0.00101 (10.1 pips) price change since the Technical Event at 1.16350

Technical Analysis
We found a pattern called Engulfing Line (Bearish) on 2021 Jun 28 at 01:15 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.

A bearish event triggered for Fast Stochastics on 2021 Jun 28 at 03:30 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/EUR Bullish

Image Features: forms “Hammer” pattern

Target
Opportunity recognized 2021 Jun 28 for the period of up to 12 hours
-0.00007 (0.7 pips) price change since the Technical Event at 1.31820

Technical Analysis
We found a pattern called Hammer on 2021 Jun 28 at 01:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

On 2021 Jun 28 at 02:30 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.

2. Daily Analyst’s View

EUR/USD

may fall 13 – 28 pips

Pivot
1.1945

Our preference
Short positions below 1.1945 with targets at 1.1910 & 1.1895 in extension.

Alternative scenario
Above 1.1945 look for further upside with 1.1960 & 1.1975 as targets.

Comment
The RSI is bearish and calls for further downside.

GBP/USD

may fall 13 – 33 pips

Pivot
1.3905

Our preference
Short positions below 1.3905 with targets at 1.3870 & 1.3850 in extension.

Alternative scenario
Above 1.3905 look for further upside with 1.3930 & 1.3950 as targets.

Comment
A break below 1.3870 would trigger a drop towards 1.3850.

USD/CAD

may rise 15 – 30 pips

Pivot
1.2285

Our preference
Long positions above 1.2285 with targets at 1.2325 & 1.2340 in extension.

Alternative scenario
Below 1.2285 look for further downside with 1.2270 & 1.2255 as targets.

Comment
The RSI calls for a new upleg.

Gold

may fall to 1766.00 – 1771.00

Pivot
1783.00

Our preference
Short positions below 1783.00 with targets at 1771.00 & 1766.00 in extension.

Alternative scenario
Above 1783.00 look for further upside with 1789.00 & 1795.00 as targets.

Comment
As long as 1783.00 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI)

may rise to 74.60 – 75.00

Pivot
73.45

Our preference
Long positions above 73.45 with targets at 74.60 & 75.00 in extension.

Alternative scenario
Below 73.45 look for further downside with 72.85 & 72.30 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500 (CME)

may rise to 4287.00 – 4300.00

Pivot
4262.00

Our preference
Long positions above 4262.00 with targets at 4287.00 & 4300.00 in extension.

Alternative scenario
Below 4262.00 look for further downside with 4253.00 & 4240.00 as targets.

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

Nasdaq 100 (CME)

may rise to 14420.00 – 14470.00

Pivot
14295.00

Our preference
Long positions above 14295.00 with targets at 14420.00 & 14470.00 in extension.

Alternative scenario
Below 14295.00 look for further downside with 14250.00 & 14200.00 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 29520.00 – 29725.00

Pivot
28945.00

Our preference
Long positions above 28945.00 with targets at 29520.00 & 29725.00 in extension.

Alternative scenario
Below 28945.00 look for further downside with 28810.00 & 28665.00 as targets.

Comment
The RSI shows upside momentum.

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.