1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2021 Nov 26 for the period of up to 48 hours
-0.363 (36.3 pips) price change since the Technical Event at 81.493

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Nov 26 at 13:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.

The RSI rose above 30 on 2021 Nov 29 at 01:00 GMT, telling us the price is starting to recover from being oversold.

EUR/JPY Bullish

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

Target
Opportunity recognized 2021 Nov 26 for the period of up to 48 hours
-0.480 (48 pips) price change since the Technical Event at 128.680

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Nov 26 at 13:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.

The RSI rose above 30 on 2021 Nov 27 at 01:00 GMT, telling us the price is starting to recover from being oversold.

2. Daily Analyst’s View



EUR/USD

may rise 27 – 42 pips

Pivot
1.1270

Our preference
Long positions above 1.1270 with targets at 1.1315 & 1.1330 in extension.

Alternative scenario
Below 1.1270 look for further downside with 1.1255 & 1.1240 as targets.

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

GBP/USD

may rise 25 – 40 pips

Pivot
1.3305

Our preference
Long positions above 1.3305 with targets at 1.3365 & 1.3380 in extension.

Alternative scenario
Below 1.3305 look for further downside with 1.3290 & 1.3275 as targets.

Comment
The RSI calls for a bounce.

USD/CAD

may fall 25 – 45 pips

Pivot
1.2760

Our preference
Short positions below 1.2760 with targets at 1.2700 & 1.2680 in extension.

Alternative scenario
Above 1.2760 look for further upside with 1.2780 & 1.2800 as targets.

Comment
The RSI is bearish and calls for further downside.

Gold

may fall to 1768.00 – 1779.00

Pivot
1802.00

Our preference
Short positions below 1802.00 with targets at 1779.00 & 1768.00 in extension.

Alternative scenario
Above 1802.00 look for further upside with 1815.00 & 1825.00 as targets.

Comment
As long as 1802.00 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI)

may fall to 64.10 – 67.50

Pivot
75.60

Our preference
Short positions below 75.60 with targets at 67.50 & 64.10 in extension.

Alternative scenario
Above 75.60 look for further upside with 79.25 & 83.70 as targets.

Comment
As long as the resistance at 75.60 is not surpassed, the risk of the break below 67.50 remains high.

S&P 500 (CME)

may fall to 4560.00 – 4577.00

Pivot
4643.00

Our preference
Short positions below 4643.00 with targets at 4577.00 & 4560.00 in extension.

Alternative scenario
Above 4643.00 look for further upside with 4663.00 & 4683.00 as targets.

Comment
The index currently faces a challenging resistance area at 4643.00.

Nasdaq 100 (CME)

may fall to 15920.00 – 16000.00

Pivot
16250.00

Our preference
Short positions below 16250.00 with targets at 16000.00 & 15920.00 in extension.

Alternative scenario
Above 16250.00 look for further upside with 16310.00 & 16430.00 as targets.

Comment
As long as 16250.00 is resistance, look for choppy price action with a bearish bias.

Hang Seng (HKFE)

may fall to 23430.00 – 23600.00

Pivot
23940.00

Our preference
Short positions below 23940.00 with targets at 23600.00 & 23430.00 in extension.

Alternative scenario
Above 23940.00 look for further upside with 24080.00 & 24230.00 as targets.

Comment
As long as the resistance at 23940.00 is not surpassed, the risk of the break below 23600.00 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.