1. Daily technical analysis of selected currency pairs


AUD/JPY Bullish

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

Target
Opportunity recognized 2021 Jun 16 for the period of up to 48 hours
+0.024 (2.4 pips) price change since the Technical Event at 84.666

Technical Analysis
We found a pattern called Outside Bar (Bullish) on 2021 Jun 16 at 01:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.

The Williams %R indicator triggered a bullish signal on 2021 Jun 16 at 01:00 GMT, having risen up out of oversold (-80 level) and continued on to cross above the -50 level.

GBP/HKD Bearish

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

Target
Opportunity recognized 2021 Jun 16 for the period of up to 12 hours
-0.00203 (20.3 pips) price change since the Technical Event at 10.92824

Technical Analysis
We found a pattern called Outside Bar (Bearish) on 2021 Jun 16 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 Jun 16 at 02:30 GMT by crossing below the -100% level.

2. Daily Analyst’s View

EUR/USD

may rise 15 – 30 pips

Pivot
1.4065

Our preference
Long positions above 1.4065 with targets at 1.4095 & 1.4110 in extension.

Alternative scenario
Below 1.4065 look for further downside with 1.4050 & 1.4030 as targets.

Comment
The RSI lacks downward momentum.

USD/CAD

may rise 21 – 36 pips

Pivot
1.2165

Our preference
Long positions above 1.2165 with targets at 1.2205 & 1.2220 in extension.

Alternative scenario
Below 1.2165 look for further downside with 1.2150 & 1.2125 as targets.

Comment
A support base at 1.2165 has formed and has allowed for a temporary stabilisation.

Gold

may fall to 1834.00 – 1844.00

Pivot
1868.00

Our preference
Short positions below 1868.00 with targets at 1844.00 & 1834.00 in extension.

Alternative scenario
Above 1868.00 look for further upside with 1878.00 & 1889.00 as targets.

Comment
As long as the resistance at 1868.00 is not surpassed, the risk of the break below 1844.00 remains high.

Crude Oil (WTI)

may rise to 73.00 – 73.70

Pivot
71.65

Our preference
Long positions above 71.65 with targets at 73.00 & 73.70 in extension.

Alternative scenario
Below 71.65 look for further downside with 71.20 & 70.70 as targets.

Comment
The RSI shows upside momentum.

S&P 500 (CME)

may fall to 4222.00 – 4228.00

Pivot
4242.00

Our preference
Short positions below 4242.00 with targets at 4228.00 & 4222.00 in extension.

Alternative scenario
Above 4242.00 look for further upside with 4251.00 & 4258.00 as targets.

Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.

Nasdaq 100 (CME)

may fall to 13955.00 – 13980.00

Pivot
14045.00

Our preference
Short positions below 14045.00 with targets at 13980.00 & 13955.00 in extension.

Alternative scenario
Above 14045.00 look for further upside with 14100.00 & 14155.00 as targets.

Comment
As long as 14045.00 is resistance, likely decline to 13980.00.

Hang Seng (HKFE)

may fall to 28245.00 – 28350.00

Pivot
28555.00

Our preference
Short positions below 28555.00 with targets at 28350.00 & 28245.00 in extension.

Alternative scenario
Above 28555.00 look for further upside with 28680.00 & 28835.00 as targets.

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

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.