1. Daily technical analysis of selected currency pairs



CNH/JPY Bullish

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

Target
Opportunity recognized 2021 Jul 14 for the period of up to 12 hours
-0.007 (0.7 pips) price change since the Technical Event at 17.055

Technical Analysis

We found a pattern called Engulfing Line (Bullish) on 2021 Jul 14 at 03:00 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

A bullish event triggered for Fast Stochastics on 2021 Jul 14 at 03:15 GMT when the %K line crossed above the %D line. The close prices are trading closer to the upper end of the recent high-low price range, which is associated with price increases.

GBP/AUD Bullish

Image Features: forms “Continuation Diamond (Bullish)” pattern

Target
Opportunity recognized 2021 Jun 21 for the period of up to 2 weeks
+0.01096 (109.6 pips) price change since the Technical Event at 1.84207

Technical Analysis

We found a pattern called Continuation Diamond (Bullish) on 2021 Jun 21 at 06:00 GMT on a 1 hour chart, providing a target price for up to 2 weeks in the range of 1.87000 to 1.88000.

The faster moving average crossed above the slower moving average on 2021 Jul 08 at 05:00 GMT, signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may fall 24 – 44 pips

Pivot
1.1810

Our preference
Short positions below 1.1810 with targets at 1.1760 & 1.1740 in extension.

Alternative scenario
Above 1.1810 look for further upside with 1.1830 & 1.1850 as targets.

Comment
The RSI calls for a new downleg.

GBP/USD

may fall 21 – 41 pips

Pivot
1.3850

Our preference
Short positions below 1.3850 with targets at 1.3800 & 1.3780 in extension.

Alternative scenario
Above 1.3850 look for further upside with 1.3870 & 1.3890 as targets.

Comment
As long as the resistance at 1.3850 is not surpassed, the risk of the break below 1.3800 remains high.

USD/CAD

may rise 37 – 57 pips

Pivot
1.2480

Our preference
Long positions above 1.2480 with targets at 1.2540 & 1.2560 in extension.

Alternative scenario
Below 1.2480 look for further downside with 1.2460 & 1.2440 as targets.

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

Gold

may rise to 1818.00 – 1825.00

Pivot
1803.00

Our preference
Long positions above 1803.00 with targets at 1818.00 & 1825.00 in extension.

Alternative scenario
Below 1803.00 look for further downside with 1798.00 & 1792.00 as targets.

Comment
The RSI calls for a new upleg.

Crude Oil (WTI)

may rise to 75.50 – 76.00

Pivot
74.50

Our preference
Long positions above 74.50 with targets at 75.50 & 76.00 in extension.

Alternative scenario
Below 74.50 look for further downside with 74.10 & 73.70 as targets.

Comment
The RSI advocates for further advance.

S&P 500 (CME)

may fall to 4342.00 – 4352.00

Pivot
4371.00

Our preference
Short positions below 4371.00 with targets at 4352.00 & 4342.00 in extension.

Alternative scenario
Above 4371.00 look for further upside with 4384.00 & 4392.00 as targets.

Comment
The RSI lacks upward momentum.

Nasdaq 100 (CME)

may fall to 14740.00 – 14795.00

Pivot
14910.00

Our preference
Short positions below 14910.00 with targets at 14795.00 & 14740.00 in extension.

Alternative scenario
Above 14910.00 look for further upside with 14990.00 & 15050.00 as targets.

Comment
The RSI lacks upward momentum.

Hang Seng (HKFE)

may fall to 27450.00 – 27600.00

Pivot
28000.00

Our preference
Short positions below 28000.00 with targets at 27600.00 & 27450.00 in extension.

Alternative scenario
Above 28000.00 look for further upside with 28150.00 & 28330.00 as targets.

Comment
A break below 27600.00 would trigger a drop towards 27450.00.

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.