1. Daily technical analysis of selected currency pairs



AUD/JPY Bearish

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

Target
Opportunity recognized 2021 Jul 09 for the period of up to 12 hours
+0.006 (0.6 pips) price change since the Technical Event at 81.561

Technical Analysis

We found a pattern called Engulfing Line (Bearish) on 2021 Jul 09 at 01:00 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

The CCI triggered a bearish signal on 2021 Jul 09 at 01:30 GMT by crossing below the -100% level.

GBP/CAD Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2021 Jul 09 for the period of up to 12 hours
+0.00002 (0.2 pips) price change since the Technical Event at 1.72784

Technical Analysis

We found a pattern called Hammer on 2021 Jul 09 at 01:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The CCI triggered a bullish signal on 2021 Jul 09 at 02:00 GMT by crossing above the +100% level.

2. Daily Analyst’s View

EUR/USD

may rise 15 – 30 pips

Pivot
1.1825

Our preference
Long positions above 1.1825 with targets at 1.1850 & 1.1865 in extension.

Alternative scenario
Below 1.1825 look for further downside with 1.1810 & 1.1795 as targets.

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

GBP/USD

may rise 19 – 39 pips

Pivot
1.3755

Our preference
Long positions above 1.3755 with targets at 1.3795 & 1.3815 in extension.

Alternative scenario
Below 1.3755 look for further downside with 1.3740 & 1.3720 as targets.

Comment
A support base at 1.3755 has formed and has allowed for a temporary stabilisation.

USD/CAD

may rise 19 – 44 pips

Pivot
1.2515

Our preference
Long positions above 1.2515 with targets at 1.2560 & 1.2585 in extension.

Alternative scenario
Below 1.2515 look for further downside with 1.2490 & 1.2460 as targets.

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

Gold

may rise to 1810.00 – 1818.00

Pivot
1794.00

Our preference
Long positions above 1794.00 with targets at 1810.00 & 1818.00 in extension.

Alternative scenario
Below 1794.00 look for further downside with 1789.00 & 1783.00 as targets.

Comment
A support base at 1794.00 has formed and has allowed for a temporary stabilisation.

Crude Oil (WTI)

may rise to 73.85 – 74.80

Pivot
72.10

Our preference
Long positions above 72.10 with targets at 73.85 & 74.80 in extension.

Alternative scenario
Below 72.10 look for further downside with 71.20 & 70.75 as targets.

Comment
The RSI is bullish and calls for further upside.

S&P 500 (CME)

may fall to 4270.00 – 4280.00

Pivot
4322.00

Our preference
Short positions below 4322.00 with targets at 4280.00 & 4270.00 in extension.

Alternative scenario
Above 4322.00 look for further upside with 4343.00 & 4353.00 as targets.

Comment
As long as the resistance at 4322.00 is not surpassed, the risk of the break below 4280.00 remains high.

Nasdaq 100 (CME)

may fall to 14545.00 – 14615.00

Pivot
14755.00

Our preference
Short positions below 14755.00 with targets at 14615.00 & 14545.00 in extension.

Alternative scenario
Above 14755.00 look for further upside with 14820.00 & 14880.00 as targets.

Comment
As long as 14755.00 is resistance, look for choppy price action with a bearish bias.

Hang Seng (HKFE)

may fall to 26750.00 – 26945.00

Pivot
27375.00

Our preference
Short positions below 27375.00 with targets at 26945.00 & 26750.00 in extension.

Alternative scenario
Above 27375.00 look for further upside with 27650.00 & 28015.00 as targets.

Comment
Intraday technical indicators are mixed and call for caution.

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.