1. Daily technical analysis of selected currency pairs

GBP/TRY   Bullish

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

Target
Opportunity recognized 2021 May 21 for the period of up to 12 hours
+0.00333 (333 pips) price change since the Technical Event at 11.87808

Technical Analysis
We found a pattern called Inside Bar (Bullish) on 2021 May 21 at 01:30 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 May 21 at 01:30 GMT signaling a new uptrend has been established.

SGD/HKD Bearish

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

Target
Opportunity recognized 2021 May 21 for the period of up to 12 hours
+0.00077 (77 pips) price change since the Technical Event at 5.83090

Technical Analysis
We found a pattern called Engulfing Line (Bearish) on 2021 May 21 at 00:00 GMT on a 1 hour chart suggesting the outlook is bearish for up to 12 hours.
A bearish event triggered for Slow Stochastics on 2021 May 21 at 01:00 GMT when the %K line crossed below the %D line. The close prices are trading closer to the lower end of the recent high-low price range, which is associated with price decreases

2. Daily Analyst’s View

EUR/USD

may rise 18 – 43 pips

Pivot
1.2200

Our preference
Long positions above 1.2200 with targets at 1.2245 & 1.2270 in extension.

Alternative scenario
Below 1.2200 look for further downside with 1.2180 & 1.2160 as targets.

Comment
The RSI calls for a new upleg.

GBP/USD

may rise 35 – 65 pips

Pivot
1.4150

Our preference
Long positions above 1.4150 with targets at 1.4220 & 1.4250 in extension.

Alternative scenario
Below 1.4150 look for further downside with 1.4125 & 1.4100 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/CAD

may fall 30 – 50 pips

Pivot
1.2100

Our preference
Short positions below 1.2100 with targets at 1.2030 & 1.2010 in extension.

Alternative scenario
Above 1.2100 look for further upside with 1.2120 & 1.2145 as targets.

Comment
The RSI advocates for further decline.

Gold

may rise to 1890.00 – 1900.00

Pivot
1865.00

Our preference
Long positions above 1865.00 with targets at 1890.00 & 1900.00 in extension.

Alternative scenario
Below 1865.00 look for further downside with 1851.00 & 1843.00 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

may fall to 60.10 – 61.15

Pivot
63.15

Our preference
Short positions below 63.15 with targets at 61.15 & 60.10 in extension.

Alternative scenario
Above 63.15 look for further upside with 63.95 & 64.55 as targets.

Comment
The RSI is bullish and calls for further upside.

S&P 500 (CME)

may rise to 4200.00 – 4230.00

Pivot
4123.00

Our preference
Long positions above 4123.00 with targets at 4200.00 & 4230.00 in extension.

Alternative scenario
Below 4123.00 look for further downside with 4084.00 & 4055.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Nasdaq 100 (CME)

may rise to 13680.00 – 13815.00

Pivot
13300.00

Our preference
Long positions above 13300.00 with targets at 13680.00 & 13815.00 in extension.

Alternative scenario
Below 13300.00 look for further downside with 13155.00 & 12982.00 as targets.

Comment
The RSI is bullish and calls for further advance.

FTSE China A50

may rise to 18576.31 – 18886.83

Pivot
 17066.34

Our preference
The upside prevails as long as 17066.34 is support.

Alternative scenario
Below 17066.34, expect 16549.12 and 16241.59.

Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. FTSE China A50 index is trading above both its 20 and 50 period moving average (respectively at 17262.36 and 17250.07).

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.