1. Daily technical analysis of selected currency pairs



AUD/JPY Bearish

Image Features: forms “Two Bar Reversal (Bearish)” pattern

Target
Opportunity recognized 2021 Nov 25 for the period of up to 12 hours
+0.017 (1.7 pips) price change since the Technical Event at 83.100

Technical Analysis

We found a pattern called Two Bar Reversal (Bearish) on 2021 Nov 25 at 01:00 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 Nov 25 at 02:00 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.

CAD/JPY Bearish

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

Target
Opportunity recognized 2021 Nov 25 for the period of up to 12 hours
+0.041 (4.1 pips) price change since the Technical Event at 91.146

Technical Analysis

We found a pattern called Engulfing Line (Bearish) on 2021 Nov 25 at 01:00 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.

The Momentum oscillator crossed below 0 on 2021 Nov 25 at 02:45 GMT, thereby signaling a new accelerating downtrend.

2. Daily Analyst’s View



EUR/USD

may fall 17 – 32 pips

Pivot
1.1230

Our preference
Short positions below 1.1230 with targets at 1.1185 & 1.1170 in extension.

Alternative scenario
Above 1.1230 look for further upside with 1.1245 & 1.1260 as targets.

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

GBP/USD

may fall 19 – 39 pips

Pivot
1.3360

Our preference
Short positions below 1.3360 with targets at 1.3310 & 1.3290 in extension.

Alternative scenario
Above 1.3360 look for further upside with 1.3375 & 1.3390 as targets.

Comment
The RSI advocates for further decline.

USD/CAD

may fall 29 – 49 pips

Pivot
1.2690

Our preference
Short positions below 1.2690 with targets at 1.2630 & 1.2610 in extension.

Alternative scenario
Above 1.2690 look for further upside with 1.2710 & 1.2730 as targets.

Comment
The RSI is bearish and calls for further decline.

Gold

may rise to 1802.00 – 1809.00

Pivot
1783.00

Our preference
Long positions above 1783.00 with targets at 1802.00 & 1809.00 in extension.

Alternative scenario
Below 1783.00 look for further downside with 1778.00 & 1771.00 as targets.

Comment
The RSI shows upside momentum.

Crude Oil (WTI)

may rise to 79.20 – 80.00

Pivot
77.70

Our preference
Long positions above 77.70 with targets at 79.20 & 80.00 in extension.

Alternative scenario
Below 77.70 look for further downside with 77.20 & 76.70 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

S&P 500 (CME)

may rise to 4713.00 – 4729.00

Pivot
4680.00

Our preference
Long positions above 4680.00 with targets at 4713.00 & 4729.00 in extension.

Alternative scenario
Below 4680.00 look for further downside with 4667.00 & 4656.00 as targets.

Comment
The RSI shows upside momentum.

Nasdaq 100 (CME)

may rise to 16415.00 – 16500.00

Pivot
16250.00

Our preference
Long positions above 16250.00 with targets at 16415.00 & 16500.00 in extension.

Alternative scenario
Below 16250.00 look for further downside with 16175.00 & 16100.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Hang Seng (HKFE)

may fall to 24425.00 – 24490.00

Pivot
24700.00

Our preference
Short positions below 24700.00 with targets at 24490.00 & 24425.00 in extension.

Alternative scenario
Above 24700.00 look for further upside with 24780.00 & 24855.00 as targets.

Comment
As long as the resistance at 24700.00 is not surpassed, the risk of the break below 24490.00 remains high.

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.