1. Daily technical analysis of selected currency pairs



AUD/JPY Bearish

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

Target
Opportunity recognized 2022 Mar 31 for the period of up to 12 hours
-0.153 (15.3 pips) price change since the Technical Event at 91.789

Technical Analysis

We found a pattern called Inside Bar (Bearish) on 2022 Mar 31 at 01:30 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

A bearish event triggered for Fast Stochastics on 2022 Mar 31 at 00:00 GMT when the %K line crossed below the %D line. The close prices are trading closer to the lower end of the recent high-low price range, which is associated with price decreases.

CAD/JPY Bullish

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

Target
Opportunity recognized 2022 Mar 31 for the period of up to 12 hours
-0.098 (9.8 pips) price change since the Technical Event at 97.785

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 Mar 31 at 01:35 GMT on a 5 minute chart suggesting the outlook is bullish for up to 12 hours.

The CCI triggered a bullish signal on 2022 Mar 31 at 01:05 GMT by crossing above the +100% level.

2. Daily Analyst’s View

EUR/USD

may rise 27 – 47 pips

Pivot
1.1130

Our preference
Long positions above 1.1130 with targets at 1.1190 & 1.1210 in extension.

Alternative scenario
Below 1.1130 look for further downside with 1.1110 & 1.1090 as targets.

Comment
The RSI is bullish and calls for further upside.

GBP/USD

may rise 19 – 39 pips

Pivot
1.3120

Our preference
Long positions above 1.3120 with targets at 1.3160 & 1.3180 in extension.

Alternative scenario
Below 1.3120 look for further downside with 1.3105 & 1.3085 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

USD/CAD

may rise 28 – 48 pips

Pivot
1.2470

Our preference
Long positions above 1.2470 with targets at 1.2530 & 1.2550 in extension.

Alternative scenario
Below 1.2470 look for further downside with 1.2450 & 1.2430 as targets.

Comment
The RSI is bullish and calls for further upside.

Gold

may rise to 1941.00 – 1950.00

Pivot
1921.00

Our preference
Long positions above 1921.00 with targets at 1941.00 & 1950.00 in extension.

Alternative scenario
Below 1921.00 look for further downside with 1913.00 & 1906.00 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

may fall to 98.40 – 101.80

Pivot
107.80

Our preference
Short positions below 107.80 with targets at 101.80 & 98.40 in extension.

Alternative scenario
Above 107.80 look for further upside with 109.30 & 111.00 as targets.

Comment
The RSI calls for a drop.

S&P 500 (CME)

may fall to 4548.00 – 4574.00

Pivot
4630.00

Our preference
Short positions below 4630.00 with targets at 4574.00 & 4548.00 in extension.

Alternative scenario
Above 4630.00 look for further upside with 4663.00 & 4690.00 as targets.

Comment
As long as the resistance at 4630.00 is not surpassed, the risk of the break below 4574.00 remains high.

Nasdaq 100 (CME)

may fall to 14900.00 – 15010.00

Pivot
15230.00

Our preference
Short positions below 15230.00 with targets at 15010.00 & 14900.00 in extension.

Alternative scenario
Above 15230.00 look for further upside with 15370.00 & 15510.00 as targets.

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

Hang Seng (HKFE)

may rise to 22410.00 – 22570.00

Pivot
22030.00

Our preference
Long positions above 22030.00 with targets at 22410.00 & 22570.00 in extension.

Alternative scenario
Below 22030.00 look for further downside with 21830.00 & 21620.00 as targets.

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

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.