1. Daily technical analysis of selected currency pairs
USD/JPY Bullish
Image Features: forms “Hammer (Bullish)” pattern
Target
Opportunity recognized 2021 Aug 09 for the period of up to 48 hours
+0.512 (51.2 pips) price change since the Technical Event at 110.139
Technical Analysis
We found a pattern called Hammer on 2021 Aug 09 at 13:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.
The CCI triggered a bullish signal on 2021 Aug 10 at 09:00 GMT by crossing above the +100% level.
USD/AUD Bullish
Image Features: forms “Hammer (Bullish)” pattern
Target
Opportunity recognized 2021 Aug 11 for the period of up to 12 hours
+0.00039 (3.9 pips) price change since the Technical Event at 1.36130
Technical Analysis
We found a pattern called Hammer on 2021 Aug 11 at 02:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.
The price crossed above its moving average on 2021 Aug 11 at 03:00 GMT signaling a new uptrend has been established.
2. Daily Analyst’s View
EUR/USD
may fall 18 – 33 pips
Pivot
1.1740
Our preference
Short positions below 1.1740 with targets at 1.1705 & 1.1690 in extension.
Alternative scenario
Above 1.1740 look for further upside with 1.1755 & 1.1770 as targets.
Comment
As long as 1.1740 is resistance, look for choppy price action with a bearish bias.
GBP/USD
may fall 15 – 30 pips
Pivot
1.3850
Our preference
Short positions below 1.3850 with targets at 1.3815 & 1.3800 in extension.
Alternative scenario
Above 1.3850 look for further upside with 1.3870 & 1.3895 as targets.
Comment
As long as the resistance at 1.3850 is not surpassed, the risk of the break below 1.3815 remains high.
USD/CAD
may fall 16 – 31 pips
Pivot
1.2545
Our preference
Short positions below 1.2545 with targets at 1.2505 & 1.2490 in extension.
Alternative scenario
Above 1.2545 look for further upside with 1.2565 & 1.2590 as targets.
Comment
As long as 1.2545 is resistance, look for choppy price action with a bearish bias.
Gold
may fall to 1703.00 – 1717.00
Pivot
1739.00
Our preference
Short positions below 1739.00 with targets at 1717.00 & 1703.00 in extension.
Alternative scenario
Above 1739.00 look for further upside with 1752.00 & 1765.00 as targets.
Comment
The RSI is mixed with a bearish bias.
Crude Oil (WTI)
may rise to 69.50 – 70.15
Pivot
67.20
Our preference
Long positions above 67.20 with targets at 69.50 & 70.15 in extension.
Alternative scenario
Below 67.20 look for further downside with 66.55 & 65.90 as targets.
Comment
The RSI is mixed with a bullish bias.
S&P 500 (CME)
may rise to 4435.00 – 4438.00
Pivot
4422.00
Our preference
Long positions above 4422.00 with targets at 4435.00 & 4438.00 in extension.
Alternative scenario
Below 4422.00 look for further downside with 4417.00 & 4412.00 as targets.
Comment
The RSI is mixed.
Nasdaq 100 (CME)
may rise to 15085.00 – 15120.00
Pivot
15000.00
Our preference
Long positions above 15000.00 with targets at 15085.00 & 15120.00 in extension.
Alternative scenario
Below 15000.00 look for further downside with 14980.00 & 14960.00 as targets.
Comment
A support base at 15000.00 has formed and has allowed for a temporary stabilisation.
Hang Seng (HKFE)
may rise to 26730.00 – 27050.00
Pivot
26300.00
Our preference
Long positions above 26300.00 with targets at 26730.00 & 27050.00 in extension.
Alternative scenario
Below 26300.00 look for further downside with 26025.00 & 25815.00 as targets.
Comment
The RSI is bullish and calls 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.
