1. Daily technical analysis of selected currency pairs

GBP/EUR Bullish

Image Features: forms “Hammer” pattern

Target
Opportunity recognized 2021 Jun 23 for the period of up to 12 hours
-0.00023 (23 pips) price change since the Technical Event at 1.16813

Technical Analysis
We found a pattern called Hammer on 2021 Jun 23 at 02:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.

The Momentum oscillator crossed above 0 on 2021 Jun 23 at 03:00 GMT, thereby signaling a new accelerating uptrend.

USD/DKK Bullish

Image Features:forms “Hammer” pattern

Target
Opportunity recognized 2021 Jun 22 for the period of up to 12 hours
+0.01052 (1052 pips) price change since the Technical Event at 6.22698

Technical Analysis
We found a pattern called Hammer on 2021 Jun 22 at 20:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.

The Momentum oscillator crossed above 0 on 2021 Jun 23 at 03:00 GMT, thereby signaling a new accelerating uptrend.

2. Daily Analyst’s View

EUR/USD

may rise 26 – 36 pips

Pivot
1.1910

Our preference
Long positions above 1.1910 with targets at 1.1950 & 1.1960 in extension.

Alternative scenario
Below 1.1910 look for further downside with 1.1895 & 1.1880 as targets.

Comment
A support base at 1.1910 has formed and has allowed for a temporary stabilisation.

GBP/USD

may rise 36 – 61 pips

Pivot
1.3910

Our preference
Long positions above 1.3910 with targets at 1.3965 & 1.3990 in extension.

Alternative scenario
Below 1.3910 look for further downside with 1.3885 & 1.3860 as targets.

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

USD/CAD

may fall 19 – 39 pips

Pivot
1.2350

Our preference
Short positions below 1.2350 with targets at 1.2300 & 1.2280 in extension.

Alternative scenario
Above 1.2350 look for further upside with 1.2370 & 1.2400 as targets.

Comment
As long as the resistance at 1.2350 is not surpassed, the risk of the break below 1.2300 remains high.

Gold

may rise to 1790.00 – 1797.00

Pivot
1771.00

Our preference
Long positions above 1771.00 with targets at 1790.00 & 1797.00 in extension.

Alternative scenario
Below 1771.00 look for further downside with 1766.00 & 1760.00 as targets.

Comment
The RSI advocates for further upside.

Crude Oil (WTI)

may rise to 74.00 – 74.65

Pivot
72.45

Our preference
Long positions above 72.45 with targets at 74.00 & 74.65 in extension.

Alternative scenario
Below 72.45 look for further downside with 71.60 & 70.80 as targets.

Comment
The RSI is bullish and calls for further advance.

S&P 500 (CME)

may rise to 4259.00 – 4281.00

Pivot
4220.00

Our preference
Long positions above 4220.00 with targets at 4259.00 & 4281.00 in extension.

Alternative scenario
Below 4220.00 look for further downside with 4206.00 & 4185.00 as targets.

Comment
The RSI is mixed to bullish.

Nasdaq 100 (CME)

may rise to 14350.00 – 14400.00

Pivot
14210.00

Our preference
Long positions above 14210.00 with targets at 14350.00 & 14400.00 in extension.

Alternative scenario
Below 14210.00 look for further downside with 14105.00 & 14010.00 as targets.

Comment
The next resistances are at 14350.00 and then at 14400.00.

Hang Seng (HKFE)

may rise to 28770.00 – 29000.00

Pivot
28365.00

Our preference
Long positions above 28365.00 with targets at 28770.00 & 29000.00 in extension.

Alternative scenario
Below 28365.00 look for further downside with 28165.00 & 28030.00 as targets.

Comment
The RSI advocates 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.