1. Daily technical analysis of selected currency pairs



GBP/JPY Bullish

Image Features: forms “Inverted Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Nov 12 for the period of up to 12 hours
+0.102 (10.2 pips) price change since the Technical Event at 152.550

Technical Analysis

We found a pattern called Inverted Hammer on 2021 Nov 12 at 02:45 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The Momentum oscillator crossed above 0 on 2021 Nov 12 at 03:30 GMT, thereby signaling a new accelerating uptrend.

AUD/CAD Bullish

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

Target
Opportunity recognized 2021 Nov 12 for the period of up to 12 hours
-0.00059 (5.9 pips) price change since the Technical Event at 0.91763

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Nov 12 at 00:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2021 Nov 12 at 03:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 17 – 37 pips

Pivot
1.1475

Our preference
Short positions below 1.1475 with targets at 1.1430 & 1.1410 in extension.

Alternative scenario
Above 1.1475 look for further upside with 1.1490 & 1.1510 as targets.

Comment
The RSI is bearish and calls for further decline.

GBP/USD

may fall 25 – 45 pips

Pivot
1.3400

Our preference
Short positions below 1.3400 with targets at 1.3340 & 1.3320 in extension.

Alternative scenario
Above 1.3400 look for further upside with 1.3415 & 1.3430 as targets.

Comment
The RSI advocates for further downside.

USD/CAD

may rise 41 – 61 pips

Pivot
1.2540

Our preference
Long positions above 1.2540 with targets at 1.2630 & 1.2650 in extension.

Alternative scenario
Below 1.2540 look for further downside with 1.2520 & 1.2500 as targets.

Comment
The RSI is bullish and calls for further advance.

Gold

may rise to 1869.00 – 1885.00

Pivot
1851.00

Our preference
Long positions above 1851.00 with targets at 1869.00 & 1885.00 in extension.

Alternative scenario
Below 1851.00 look for further downside with 1841.00 & 1832.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

may rise to 82.35 – 83.00

Pivot
80.65

Our preference
Long positions above 80.65 with targets at 82.35 & 83.00 in extension.

Alternative scenario
Below 80.65 look for further downside with 80.05 & 79.25 as targets.

Comment
The RSI lacks downward momentum.

S&P 500 (CME)

may fall to 4614.00 – 4625.00

Pivot
4660.00

Our preference
Short positions below 4660.00 with targets at 4625.00 & 4614.00 in extension.

Alternative scenario
Above 4660.00 look for further upside with 4670.00 & 4684.00 as targets.

Comment
As long as 4660.00 is resistance, look for choppy price action with a bearish bias.

Nasdaq 100 (CME)

may rise to 16160.00 – 16240.00

Pivot
15960.00

Our preference
Long positions above 15960.00 with targets at 16160.00 & 16240.00 in extension.

Alternative scenario
Below 15960.00 look for further downside with 15890.00 & 15800.00 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

Hang Seng (HKFE)

may rise to 25640.00 – 25850.00

Pivot
25155.00

Our preference
Long positions above 25155.00 with targets at 25640.00 & 25850.00 in extension.

Alternative scenario
Below 25155.00 look for further downside with 24970.00 & 24770.00 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.