1. Daily technical analysis of selected currency pairs
CAD/JPY Bullish
Image Features: forms “Double Bottom (Bullish)” pattern
Target
Opportunity recognized 2021 Sep 22 for the period of up to 2 weeks
+1.589 (158.9 pips) price change since the Technical Event at 86.024
Technical Analysis
We found a pattern called Double Bottom on 2021 Sep 22 at 15:30 GMT on a 30 minute chart, providing a target price for up to 2 weeks in the range of 87.000 to 87.300.
The faster moving average crossed above the slower moving average on 2021 Sep 23 at 05:30 GMT, signaling a new uptrend has been established.
AUD/CHF Bearish
Image Features: forms “Hanging Man (Bearish)” pattern
Target
Opportunity recognized 2021 Sep 27 for the period of up to 12 hours
+0.00016 (1.6 pips) price change since the Technical Event at 0.67371
Technical Analysis
We found a pattern called Hanging Man on 2021 Sep 27 at 01:45 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.
The RSI fallen below 70 on 2021 Sep 27 at 02:15 GMT, telling us the price is starting to pull back from being overbought.
2. Daily Analyst’s View
EUR/USD
may fall 19 – 34 pips
Pivot
1.1735
Our preference
Short positions below 1.1735 with targets at 1.1700 & 1.1685 in extension.
Alternative scenario
Above 1.1735 look for further upside with 1.1750 & 1.1765 as targets.
Comment
As long as the resistance at 1.1735 is not surpassed, the risk of the break below 1.1700 remains high.
GBP/USD
may fall 19 – 39 pips
Pivot
1.3695
Our preference
Short positions below 1.3695 with targets at 1.3650 & 1.3630 in extension.
Alternative scenario
Above 1.3695 look for further upside with 1.3715 & 1.3735 as targets.
Comment
A break below 1.3650 would trigger a drop towards 1.3630.
USD/CAD
may fall 15 – 45 pips
Pivot
1.2670
Our preference
Short positions below 1.2670 with targets at 1.2630 & 1.2600 in extension.
Alternative scenario
Above 1.2670 look for further upside with 1.2700 & 1.2730 as targets.
Comment
The RSI is bearish and calls for further downside.
Gold
may rise to 1764.00 – 1775.00
Pivot
1745.00
Our preference
Long positions above 1745.00 with targets at 1764.00 & 1775.00 in extension.
Alternative scenario
Below 1745.00 look for further downside with 1737.00 & 1730.00 as targets.
Comment
The RSI is bullish and calls for further upside.
Crude Oil (WTI)
may rise to 75.05 – 75.75
Pivot
73.85
Our preference
Long positions above 73.85 with targets at 75.05 & 75.75 in extension.
Alternative scenario
Below 73.85 look for further downside with 73.00 & 72.50 as targets.
Comment
The RSI is bullish and calls for further upside.
S&P 500 (CME)
may rise to 4464.00 – 4488.00
Pivot
4427.00
Our preference
Long positions above 4427.00 with targets at 4464.00 & 4488.00 in extension.
Alternative scenario
Below 4427.00 look for further downside with 4410.00 & 4380.00 as targets.
Comment
The RSI is bullish and calls for further advance.
Nasdaq 100 (CME)
may rise to 15400.00 – 15490.00
Pivot
15175.00
Our preference
Long positions above 15175.00 with targets at 15400.00 & 15490.00 in extension.
Alternative scenario
Below 15175.00 look for further downside with 15090.00 & 15015.00 as targets.
Comment
The RSI is bullish and calls for further upside.
Hang Seng (HKFE)
may fall to 23665.00 – 23820.00
Pivot
24230.00
Our preference
Short positions below 24230.00 with targets at 23820.00 & 23665.00 in extension.
Alternative scenario
Above 24230.00 look for further upside with 24540.00 & 24790.00 as targets.
Comment
The RSI advocates 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.
