1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Double Bottom (Bullish)” pattern

Target
Opportunity recognized 2021 Dec 21 for the period of up to 48 hours
+0.603 (60.3 pips) price change since the Technical Event at 80.940

Technical Analysis

We found a pattern called Double Bottom on 2021 Dec 21 at 07:00 GMT on a 1 hour chart, providing a target price for up to 48 hours in the range of 81.270 to 81.350.

The faster moving average crossed above the slower moving average on 2021 Dec 21 at 13:00 GMT, signaling a new uptrend has been established.

CAD/JPY Bullish

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

Target
Opportunity recognized 2021 Dec 20 for the period of up to 48 hours
+0.536 (53.6 pips) price change since the Technical Event at 87.843

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Dec 20 at 21:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.

The price crossed above its moving average on 2021 Dec 21 at 21:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may rise 20 – 35 pips

Pivot
1.1260

Our preference
Long positions above 1.1260 with targets at 1.1305 & 1.1320 in extension.

Alternative scenario
Below 1.1260 look for further downside with 1.1245 & 1.1230 as targets.

Comment
The RSI calls for a bounce.

GBP/USD

may rise 32 – 52 pips

Pivot
1.3230

Our preference
Long positions above 1.3230 with targets at 1.3300 & 1.3320 in extension.

Alternative scenario
Below 1.3230 look for further downside with 1.3215 & 1.3200 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/CAD

may fall 22 – 42 pips

Pivot
1.2950

Our preference
Short positions below 1.2950 with targets at 1.2900 & 1.2880 in extension.

Alternative scenario
Above 1.2950 look for further upside with 1.2965 & 1.2980 as targets.

Comment
The RSI calls for a drop.

Gold

may fall to 1775.00 – 1784.00

Pivot
1799.00

Our preference
Short positions below 1799.00 with targets at 1784.00 & 1775.00 in extension.

Alternative scenario
Above 1799.00 look for further upside with 1806.00 & 1814.00 as targets.

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

Crude Oil (WTI)

may rise to 72.75 – 73.70

Pivot
70.00

Our preference
Long positions above 70.00 with targets at 72.75 & 73.70 in extension.

Alternative scenario
Below 70.00 look for further downside with 69.35 & 68.60 as targets.

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

S&P 500 (CME)

may rise to 4666.00 – 4690.00

Pivot
4606.00

Our preference
Long positions above 4606.00 with targets at 4666.00 & 4690.00 in extension.

Alternative scenario
Below 4606.00 look for further downside with 4572.00 & 4524.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Nasdaq 100 (CME)

may rise to 16050.00 – 16120.00

Pivot
15840.00

Our preference
Long positions above 15840.00 with targets at 16050.00 & 16120.00 in extension.

Alternative scenario
Below 15840.00 look for further downside with 15720.00 & 15605.00 as targets.

Comment
The RSI is above its neutrality area at 50%.

Hang Seng (HKFE)

may rise to 23340.00 – 23480.00

Pivot
22940.00

Our preference
Long positions above 22940.00 with targets at 23340.00 & 23480.00 in extension.

Alternative scenario
Below 22940.00 look for further downside with 22790.00 & 22660.00 as targets.

Comment
The RSI is bullish and calls for further upside.

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.