1. Daily technical analysis of selected currency pairs

GBP/EUR Bullish

Image Features: forms “Hammer” pattern 

Target
Opportunity recognized 2021 Jun 21 for the period of up to 12 hours
-0.00069 (69 pips) price change since the Technical Event at 1.16412

Technical Analysis
We found a pattern called Hammer on 2021 Jun 21 at 02:45 GMT on a 15-minute chart suggesting the outlook is bullish for up to 12 hours.

The faster-moving average crossed above the slower moving average on 2021 Jun 21 at 03:15 GMT, signaling a new uptrend has been established.

USD/DKK Bearish

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

Target
Opportunity recognized 2021 Jun 18 for the period of up to 12 hours
+0.01162 (1162 pips) price change since the Technical Event at 6.26308

Technical Analysis
We found a pattern called Inside Bar (Bearish) on 2021 Jun 18 at 16:00 GMT on a 1-hour chart suggesting the outlook is bearish for up to 12 hours.

The MACD generated a bearish signal on 2021 Jun 18 at 19:00 GMT.

2. Daily Analyst’s View

EUR/USD

may fall 18 – 43 pips

Pivot
1.1890

Our preference
Short positions below 1.1890 with targets at 1.1845 & 1.1820 in extension.

Alternative scenario
Above 1.1890 look for further upside with 1.1925 & 1.1955 as targets.

Comment
As long as the resistance at 1.1890 is not surpassed, the risk of the break below 1.1845 remains high.

GBP/USD

may fall 19 – 49 pips

Pivot
1.3835

Our preference
Short positions below 1.3835 with targets at 1.3790 & 1.3760 in extension.

Alternative scenario
Above 1.3835 look for further upside with 1.3865 & 1.3910 as targets.

Comment
A break below 1.3790 would trigger a drop towards 1.3760.

USD/CAD

may rise 39 – 69 pips

Pivot
1.2415

Our preference
Long positions above 1.2415 with targets at 1.2480 & 1.2510 in extension.

Alternative scenario
Below 1.2415 look for further downside with 1.2370 & 1.2335 as targets.

Comment
The RSI lacks downward momentum.

Gold

may fall to 1750.00 – 1760.00

Pivot
1781.00

Our preference
Short positions below 1781.00 with targets at 1760.00 & 1750.00 in extension.

Alternative scenario
Above 1781.00 look for further upside with 1797.00 & 1810.00 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1781.00.

Crude Oil (WTI)

may rise to 72.10 – 72.75

Pivot
71.10

Our preference
Long positions above 71.10 with targets at 72.10 & 72.75 in extension.

Alternative scenario
Below 71.10 look for further downside with 70.60 & 70.10 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500 (CME)

may fall to 4103.00 – 4133.00

Pivot
4183.00

Our preference
Short positions below 4183.00 with targets at 4133.00 & 4103.00 in extension.

Alternative scenario
Above 4183.00 look for further upside with 4215.00 & 4240.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Nasdaq 100 (CME)

may fall to 13830.00 – 13925.00

Pivot
14125.00

Our preference
Short positions below 14125.00 with targets at 13925.00 & 13830.00 in extension.

Alternative scenario
Above 14125.00 look for further upside with 14205.00 & 14300.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Hang Seng (HKFE)

may fall to 28090.00 – 28250.00

Pivot
28535.00

Our preference
Short positions below 28535.00 with targets at 28250.00 & 28090.00 in extension.

Alternative scenario
Above 28535.00 look for further upside with 28775.00 & 28925.00 as targets.

Comment
The RSI advocates for further downside.

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.