1. Daily technical analysis of selected currency pairs
AUD/JPY Bearish
Image Features: forms “Flag (Bearish)” pattern
Target
Opportunity recognized 2021 Sep 20 for the period of up to 12 hours
-0.426 (42.6 pips) price change since the Technical Event at 79.918
Technical Analysis
We found a pattern called Flag (Bearish) on 2021 Sep 20 at 01:00 GMT on a 30 minute chart, providing a target price for up to 12 hours in the range of 79.520 to 79.600.
The MACD generated a bearish signal on 2021 Sep 20 at 02:00 GMT.
GBP/CAD Bullish
Image Features: forms “Engulfing Line (Bullish)” pattern
Target
Opportunity recognized 2021 Sep 20 for the period of up to 12 hours
+0.00278 (27.8 pips) price change since the Technical Event at 1.75196
Technical Analysis
We found a pattern called Engulfing Line (Bullish) on 2021 Sep 20 at 00:45 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.
The CCI triggered a bullish signal on 2021 Sep 20 at 03:00 GMT by crossing above the +100% level.
2. Daily Analyst’s View
EUR/USD
may fall 16 – 36 pips
Pivot
1.1750
Our preference
Short positions below 1.1750 with targets at 1.1710 & 1.1690 in extension.
Alternative scenario
Above 1.1750 look for further upside with 1.1770 & 1.1790 as targets.
Comment
The RSI is bearish and calls for further decline.
GBP/USD
may fall 27 – 47 pips
Pivot
1.3765
Our preference
Short positions below 1.3765 with targets at 1.3700 & 1.3680 in extension.
Alternative scenario
Above 1.3765 look for further upside with 1.3785 & 1.3810 as targets.
Comment
The RSI advocates for further decline.
USD/CAD
may rise 32 – 62 pips
Pivot
1.2720
Our preference
Long positions above 1.2720 with targets at 1.2800 & 1.2830 in extension.
Alternative scenario
Below 1.2720 look for further downside with 1.2690 & 1.2660 as targets.
Comment
The RSI advocates for further advance.
Gold
may fall to 1735.00 – 1745.00
Pivot
1768.00
Our preference
Short positions below 1768.00 with targets at 1745.00 & 1735.00 in extension.
Alternative scenario
Above 1768.00 look for further upside with 1780.00 & 1790.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Crude Oil (WTI)
may fall to 70.65 – 71.05
Pivot
72.20
Our preference
Short positions below 72.20 with targets at 71.05 & 70.65 in extension.
Alternative scenario
Above 72.20 look for further upside with 72.60 & 72.85 as targets.
Comment
The RSI calls for a new downleg.
S&P 500 (CME)
may fall to 4384.00 – 4404.00
Pivot
4438.00
Our preference
Short positions below 4438.00 with targets at 4404.00 & 4384.00 in extension.
Alternative scenario
Above 4438.00 look for further upside with 4448.00 & 4463.00 as targets.
Comment
A break below 4404.00 would trigger a drop towards 4384.00.
Nasdaq 100 (CME)
may fall to 15190.00 – 15250.00
Pivot
15360.00
Our preference
Short positions below 15360.00 with targets at 15250.00 & 15190.00 in extension.
Alternative scenario
Above 15360.00 look for further upside with 15405.00 & 15460.00 as targets.
Comment
As long as the resistance at 15360.00 is not surpassed, the risk of the break below 15250.00 remains high.
Hang Seng (HKFE)
may fall to 24410.00 – 24610.00
Pivot
24930.00
Our preference
Short positions below 24930.00 with targets at 24610.00 & 24410.00 in extension.
Alternative scenario
Above 24930.00 look for further upside with 25270.00 & 25480.00 as targets.
Comment
As long as the resistance at 24930.00 is not surpassed, the risk of the break below 24610.00 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.
