1. Daily technical analysis of selected currency pairs



NZD/JPY Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Jul 29 for the period of up to 12 hours
+0.116 (11.6 pips) price change since the Technical Event at 76.314

Technical Analysis

We found a pattern called Hammer on 2021 Jul 29 at 02:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2021 Jul 29 at 03:00 GMT signaling a new uptrend has been established.

GBP/AUD Bearish

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

Target
Opportunity recognized 2021 Jul 29 for the period of up to 12 hours
-0.00204 (20.4 pips) price change since the Technical Event at 1.88964

Technical Analysis

We found a pattern called Inside Bar (Bearish) on 2021 Jul 29 at 02:30 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.

The Momentum oscillator crossed below 0 on 2021 Jul 29 at 03:45 GMT, thereby signaling a new accelerating downtrend.

2. Daily Analyst’s View

EUR/USD

may rise 11 – 31 pips

Pivot
1.1830

Our preference
Long positions above 1.1830 with targets at 1.1865 & 1.1885 in extension.

Alternative scenario
Below 1.1830 look for further downside with 1.1810 & 1.1785 as targets.

Comment
The RSI is bullish and calls for further upside.

GBP/USD

may rise 15 – 45 pips

Pivot
1.3885

Our preference
Long positions above 1.3885 with targets at 1.3940 & 1.3970 in extension.

Alternative scenario
Below 1.3885 look for further downside with 1.3860 & 1.3840 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/CAD

may fall 27 – 57 pips

Pivot
1.2555

Our preference
Short positions below 1.2555 with targets at 1.2480 & 1.2450 in extension.

Alternative scenario
Above 1.2555 look for further upside with 1.2575 & 1.2600 as targets.

Comment
The immediate trend remains down and the momentum is strong.

Gold

may rise to 1825.00 – 1831.00

Pivot
1804.00

Our preference
Long positions above 1804.00 with targets at 1825.00 & 1831.00 in extension.

Alternative scenario
Below 1804.00 look for further downside with 1798.00 & 1793.00 as targets.

Comment
The RSI advocates for further advance.

Crude Oil (WTI)

may rise to 73.30 – 73.70

Pivot
72.10

Our preference
Long positions above 72.10 with targets at 73.30 & 73.70 in extension.

Alternative scenario
Below 72.10 look for further downside with 71.70 & 71.10 as targets.

Comment
The RSI is supported by a bullish trend line.

S&P 500 (CME)

may rise to 4417.00 – 4437.00

Pivot
4378.00

Our preference
Long positions above 4378.00 with targets at 4417.00 & 4437.00 in extension.

Alternative scenario
Below 4378.00 look for further downside with 4365.00 & 4356.00 as targets.

Comment
A support base at 4378.00 has formed and has allowed for a temporary stabilisation.

Nasdaq 100 (CME)

may rise to 15130.00 – 15215.00

Pivot
14900.00

Our preference
Long positions above 14900.00 with targets at 15130.00 & 15215.00 in extension.

Alternative scenario
Below 14900.00 look for further downside with 14775.00 & 14680.00 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

Hang Seng (HKFE)

may rise to 26615.00 – 27000.00

Pivot
25530.00

Our preference
Long positions above 25530.00 with targets at 26615.00 & 27000.00 in extension.

Alternative scenario
Below 25530.00 look for further downside with 25150.00 & 24800.00 as targets.

Comment
The RSI is bullish and calls for further advance.

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.