1. Daily technical analysis of selected currency pairs
AUD/JPY Bullish
Image Features: forms “Engulfing Line (Bullish)” pattern
Target
Opportunity recognized 2022 Feb 10 for the period of up to 12 hours
-0.004 (0.4 pips) price change since the Technical Event at 82.801
Technical Analysis
We found a pattern called Engulfing Line (Bullish) on 2022 Feb 10 at 02:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.
A bullish event triggered for Fast Stochastics on 2022 Feb 10 at 02:45 GMT when the %K line crossed above the %D line. The close prices are trading closer to the upper end of the recent high-low price range, which is associated with price increases.
CAD/JPY Bullish
Image Features: forms “Hammer (Bullish)” pattern
Target
Opportunity recognized 2022 Feb 10 for the period of up to 12 hours
+0.034 (3.4 pips) price change since the Technical Event at 91.058
Technical Analysis
We found a pattern called Hammer on 2022 Feb 10 at 01:45 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.
The price crossed above its moving average on 2022 Feb 10 at 02:45 GMT signaling a new uptrend has been established.
2. Daily Analyst’s View
EUR/USD
may fall 9 – 24 pips
Pivot
1.1435
Our preference
Short positions below 1.1435 with targets at 1.1410 & 1.1395 in extension.
Alternative scenario
Above 1.1435 look for further upside with 1.1450 & 1.1465 as targets.
Comment
A break below 1.1410 would trigger a drop towards 1.1395.
GBP/USD
may fall 12 – 27 pips
Pivot
1.3550
Our preference
Short positions below 1.3550 with targets at 1.3520 & 1.3505 in extension.
Alternative scenario
Above 1.3550 look for further upside with 1.3565 & 1.3585 as targets.
Comment
A break below 1.3520 would trigger a drop towards 1.3505.
USD/CAD
may rise 9 – 24 pips
Pivot
1.2665
Our preference
Long positions above 1.2665 with targets at 1.2690 & 1.2705 in extension.
Alternative scenario
Below 1.2665 look for further downside with 1.2650 & 1.2635 as targets.
Comment
The RSI calls for a rebound.
Gold
may rise to 1842.00 – 1850.00
Pivot
1824.00
Our preference
Long positions above 1824.00 with targets at 1842.00 & 1850.00 in extension.
Alternative scenario
Below 1824.00 look for further downside with 1816.00 & 1809.00 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
Crude Oil (WTI)
may rise to 90.75 – 91.50
Pivot
89.00
Our preference
Long positions above 89.00 with targets at 90.75 & 91.50 in extension.
Alternative scenario
Below 89.00 look for further downside with 88.40 & 87.70 as targets.
Comment
The RSI calls for a bounce.
S&P 500 (CME)
may rise to 4602.00 – 4630.00
Pivot
4545.00
Our preference
Long positions above 4545.00 with targets at 4602.00 & 4630.00 in extension.
Alternative scenario
Below 4545.00 look for further downside with 4525.00 & 4505.00 as targets.
Comment
The RSI is bullish and calls for further advance.
Nasdaq 100 (CME)
may rise to 15260.00 – 15420.00
Pivot
14850.00
Our preference
Long positions above 14850.00 with targets at 15260.00 & 15420.00 in extension.
Alternative scenario
Below 14850.00 look for further downside with 14725.00 & 14610.00 as targets.
Comment
The RSI is bullish and calls for further upside.
Hang Seng (HKFE)
may rise to 25400.00 – 25600.00
Pivot
24650.00
Our preference
Long positions above 24650.00 with targets at 25400.00 & 25600.00 in extension.
Alternative scenario
Below 24650.00 look for further downside with 24380.00 & 24150.00 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.
