1. Daily technical analysis of selected currency pairs



NZD/JPY Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Aug 06 for the period of up to 12 hours
+0.007 (0.7 pips) price change since the Technical Event at 77.385

Technical Analysis

We found a pattern called Hammer on 2021 Aug 06 at 01:15 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2021 Aug 06 at 03:15 GMT signaling a new uptrend has been established.

USD/AUD Bearish

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

Target
Opportunity recognized 2021 Aug 06 for the period of up to 12 hours
-0.00003 (0.3 pips) price change since the Technical Event at 1.35402

Technical Analysis

We found a pattern called Engulfing Line (Bearish) on 2021 Aug 06 at 03:00 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.

The RSI fallen below 70 on 2021 Aug 06 at 03:00 GMT, telling us the price is starting to pull back from being overbought.

2. Daily Analyst’s View

EUR/USD

may fall 11 – 26 pips

Pivot
1.1845

Our preference
Short positions below 1.1845 with targets at 1.1820 & 1.1805 in extension.

Alternative scenario
Above 1.1845 look for further upside with 1.1860 & 1.1875 as targets.

Comment
The RSI calls for a new downleg.

GBP/USD

may rise 22 – 37 pips

Pivot
1.3900

Our preference
Long positions above 1.3900 with targets at 1.3950 & 1.3965 in extension.

Alternative scenario
Below 1.3900 look for further downside with 1.3885 & 1.3870 as targets.

Comment
The RSI calls for a bounce.

USD/CAD

may rise 17 – 32 pips

Pivot
1.2475

Our preference
Long positions above 1.2475 with targets at 1.2520 & 1.2535 in extension.

Alternative scenario
Below 1.2475 look for further downside with 1.2460 & 1.2445 as targets.

Comment
The RSI calls for a rebound.

Gold

may fall to 1790.00 – 1797.00

Pivot
1808.00

Our preference
Short positions below 1808.00 with targets at 1797.00 & 1790.00 in extension.

Alternative scenario
Above 1808.00 look for further upside with 1815.00 & 1823.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Crude Oil (WTI)

may rise to 69.80 – 70.75

Pivot
67.60

Our preference
Long positions above 67.60 with targets at 69.80 & 70.75 in extension.

Alternative scenario
Below 67.60 look for further downside with 66.40 & 65.60 as targets.

Comment
The RSI calls for a bounce.

S&P 500 (CME)

may rise to 4436.00 – 4448.00

Pivot
4400.00

Our preference
Long positions above 4400.00 with targets at 4436.00 & 4448.00 in extension.

Alternative scenario
Below 4400.00 look for further downside with 4391.00 & 4382.00 as targets.

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

Nasdaq 100 (CME)

may rise to 15210.00 – 15300.00

Pivot
15075.00

Our preference
Long positions above 15075.00 with targets at 15210.00 & 15300.00 in extension.

Alternative scenario
Below 15075.00 look for further downside with 15000.00 & 14940.00 as targets.

Comment
The RSI is bullish and calls for further advance.

Hang Seng (HKFE)

may fall to 25700.00 – 25920.00

Pivot
26435.00

Our preference
Short positions below 26435.00 with targets at 25920.00 & 25700.00 in extension.

Alternative scenario
Above 26435.00 look for further upside with 26585.00 & 26820.00 as targets.

Comment
The RSI is around its neutrality area at 50%

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.