1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Upside Breakout (Bullish)” pattern

Target
Opportunity recognized 2022 Feb 03 for the period of up to 2 weeks
+0.047 (4.8 pips) price change since the Technical Event at 81.882

Technical Analysis

We found a pattern called Upside Breakout on 2022 Feb 03 at 14:00 GMT on a 1 hour chart, providing a target price for up to 2 weeks in the range of 82.330 to 82.430.

The faster moving average crossed above the slower moving average on 2022 Feb 02 at 05:00 GMT, signaling a new uptrend has been established.

CAD/JPY Bullish

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

Target
Opportunity recognized 2022 Feb 01 for the period of up to 2 weeks
-0.178 (17.8 pips) price change since the Technical Event at 90.718

Technical Analysis

We found a pattern called Diamond Bottom on 2022 Feb 01 at 09:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 92.200 to 92.500.

The faster moving average crossed above the slower moving average on 2022 Feb 01 at 13:00 GMT, signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may rise 28 – 58 pips

Pivot
1.1400

Our preference
Long positions above 1.1400 with targets at 1.1480 & 1.1510 in extension.

Alternative scenario
Below 1.1400 look for further downside with 1.1365 & 1.1330 as targets.

Comment
The RSI is bullish and calls for further advance.

GBP/USD

may rise 30 – 50 pips

Pivot
1.3560

Our preference
Long positions above 1.3560 with targets at 1.3630 & 1.3650 in extension.

Alternative scenario
Below 1.3560 look for further downside with 1.3540 & 1.3520 as targets.

Comment
The RSI calls for a new upleg.

USD/CAD

may fall 28 – 43 pips

Pivot
1.2700

Our preference
Short positions below 1.2700 with targets at 1.2650 & 1.2635 in extension.

Alternative scenario
Above 1.2700 look for further upside with 1.2715 & 1.2730 as targets.

Comment
As long as 1.2700 is resistance, look for choppy price action with a bearish bias.

Gold

may rise to 1811.00 – 1817.00

Pivot
1799.00

Our preference
Long positions above 1799.00 with targets at 1811.00 & 1817.00 in extension.

Alternative scenario
Below 1799.00 look for further downside with 1794.00 & 1788.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Crude Oil (WTI)

may rise to 91.50 – 92.60

Pivot
89.40

Our preference
Long positions above 89.40 with targets at 91.50 & 92.60 in extension.

Alternative scenario
Below 89.40 look for further downside with 88.60 & 87.90 as targets.

Comment
The RSI shows upside momentum.

S&P 500 (CME)

may rise to 4540.00 – 4585.00

Pivot
4471.00

Our preference
Long positions above 4471.00 with targets at 4540.00 & 4585.00 in extension.

Alternative scenario
Below 4471.00 look for further downside with 4436.00 & 4396.00 as targets.

Comment
The RSI calls for a rebound.

Nasdaq 100 (CME)

may rise to 14940.00 – 15150.00

Pivot
14450.00

Our preference
Long positions above 14450.00 with targets at 14940.00 & 15150.00 in extension.

Alternative scenario
Below 14450.00 look for further downside with 14270.00 & 14090.00 as targets.

Comment
The RSI calls for a bounce.

Hang Seng (HKFE)

may rise to 24075.00 – 24300.00

Pivot
23560.00

Our preference
Long positions above 23560.00 with targets at 24075.00 & 24300.00 in extension.

Alternative scenario
Below 23560.00 look for further downside with 23280.00 & 23100.00 as targets.

Comment
The RSI calls for a bounce.

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.