1. Daily technical analysis of selected currency pairs



GBP/CAD Bullish

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

Target
Opportunity recognized 2021 Jul 05 for the period of up to 12 hours
+0.00249 (24.9 pips) price change since the Technical Event at 1.70840

Technical Analysis
We found a pattern called Engulfing Line (Bullish) on 2021 Jul 05 at 22:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.

The MACD generated a bullish signal on 2021 Jul 06 at 02:00 GMT.

EUR/DKK Bearish

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

Target
Opportunity recognized 2021 Jul 05 for the period of up to 12 hours
-0.00001 (0.1 pips) price change since the Technical Event at 7.43567

Technical Analysis

We found a pattern called Inside Bar (Bearish) on 2021 Jul 05 at 19:00 GMT on a 1 hour chart suggesting the outlook is bearish for up to 12 hours.

The Momentum oscillator crossed below 0 on 2021 Jul 06 at 02:00 GMT, thereby signaling a new accelerating downtrend.

2. Daily Analyst’s View

EUR/USD

may rise 12 – 27 pips

Pivot
1.1850

Our preference
Long positions above 1.1850 with targets at 1.1880 & 1.1895 in extension.

Alternative scenario
Below 1.1850 look for further downside with 1.1835 & 1.1820 as targets.

Comment
The RSI calls for a new upleg.

GBP/USD

may rise 26 – 46 pips

Pivot
1.3835

Our preference
Long positions above 1.3835 with targets at 1.3900 & 1.3920 in extension.

Alternative scenario
Below 1.3835 look for further downside with 1.3815 & 1.3800 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/CAD

may fall 28 – 48 pips

Pivot
1.2370

Our preference
Short positions below 1.2370 with targets at 1.2310 & 1.2290 in extension.

Alternative scenario
Above 1.2370 look for further upside with 1.2390 & 1.2410 as targets.

Comment
As long as the resistance at 1.2370 is not surpassed, the risk of the break below 1.2310 remains high.

Gold

may rise to 1803.00 – 1811.00

Pivot
1783.00

Our preference
Long positions above 1783.00 with targets at 1803.00 & 1811.00 in extension.

Alternative scenario
Below 1783.00 look for further downside with 1776.00 & 1767.00 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

may rise to 77.00 – 77.55

Pivot
75.55

Our preference
Long positions above 75.55 with targets at 77.00 & 77.55 in extension.

Alternative scenario
Below 75.55 look for further downside with 75.00 & 74.40 as targets.

Comment
The RSI shows upside momentum.

S&P 500 (CME)

may rise to 4360.00 – 4375.00

Pivot
4333.00

Our preference
Long positions above 4333.00 with targets at 4360.00 & 4375.00 in extension.

Alternative scenario
Below 4333.00 look for further downside with 4318.00 & 4309.00 as targets.

Comment
The RSI advocates for further upside.

Nasdaq 100 (CME)

may rise to 14775.00 – 14825.00

Pivot
14630.00

Our preference
Long positions above 14630.00 with targets at 14775.00 & 14825.00 in extension.

Alternative scenario
Below 14630.00 look for further downside with 14555.00 & 14515.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Hang Seng (HKFE)

may fall to 27500.00 – 27680.00

Pivot
28340.00

Our preference
Short positions below 28340.00 with targets at 27680.00 & 27500.00 in extension.

Alternative scenario
Above 28340.00 look for further upside with 28580.00 & 28765.00 as targets.

Comment
The RSI is bearish and calls for further decline.

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.