Doo Prime Daily Featured Trading Strategies – November 27, 2020

2020-11-27

Doo Prime Daily Featured Trading Strategies – November 27, 2020 

  1. Daily technical analysis of selected currency pairs 

NZD/USD  Bearish

Image Features:  forms “Hanging Man” pattern

Target

Opportunity recognized 2020 Nov 27 for the period of up to 12 hours

-0.00013 (13 pips) price change since the Technical Event at 0.70076

Technical Analysis

We found a pattern called Hanging Man on 2020 Nov 27 at 01:30 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

The Momentum oscillator crossed below 0 on 2020 Nov 27 at 02:00 GMT, thereby signaling a new accelerating downtrend.

GBP/AUD  Bearish

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

Target

Opportunity recognized 2020 Nov 27 for the period of up to 12 hours

+0.00036 (36 pips) price change since the Technical Event at 1.81481

Technical Analysis

We found a pattern called Inside Bar (Bearish) on 2020 Nov 27 at 02:00 GMT on a 30 minute chart suggesting the outlook is bearish for up to 12 hours.

A bearish event triggered for Slow Stochastics on 2020 Nov 27 at 01:30 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

  1. Daily analyst View

EUR/USD

may fall 11 – 26 pips

Pivot

1.1920

Our preference

Short positions below 1.1920 with targets at 1.1900 & 1.1885 in extension.

Alternative scenario

Above 1.1920 look for further upside with 1.1940 & 1.1955 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.1920.

GBP/USD

may fall 16 – 31 pips

Pivot

1.3365

Our preference

Short positions below 1.3365 with targets at 1.3335 & 1.3320 in extension.

Alternative scenario

Above 1.3365 look for further upside with 1.3380 & 1.3400 as targets.

Comment

As long as the resistance at 1.3365 is not surpassed, the risk of the break below 1.3335 remains high.

USD/CAD

may rise 8 – 28 pips

Pivot

1.3005

Our preference

Long positions above 1.3005 with targets at 1.3030 & 1.3050 in extension.

Alternative scenario

Below 1.3005 look for further downside with 1.2985 & 1.2970 as targets.

Comment

The RSI calls for a rebound.

Gold spot

may fall to 1791.00 – 1800.00

Pivot

1820.00

Our preference

Short positions below 1820.00 with targets at 1800.00 & 1791.00 in extension.

Alternative scenario

Above 1820.00 look for further upside with 1833.00 & 1841.00 as targets.

Comment

As long as 1820.00 is resistance, look for choppy price action with a bearish bias.

Brent (ICE)

may fall to 46.70 – 47.20

Pivot

48.40

Our preference

Short positions below 48.40 with targets at 47.20 & 46.70 in extension.

Alternative scenario

Above 48.40 look for further upside with 48.70 & 49.10 as targets.

Comment

The RSI is bearish and calls for further downside.

S&P 500 (CME)

may rise to 3638.00 – 3655.00

Pivot

3605.00

Our preference

Long positions above 3605.00 with targets at 3638.00 & 3655.00 in extension.

Alternative scenario

Below 3605.00 look for further downside with 3593.00 & 3581.00 as targets.

Comment

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

Dax (Eurex)

may fall to 13160.00 – 13226.00

Pivot

13327.00

Our preference

Short positions below 13327.00 with targets at 13226.00 & 13160.00 in extension.

Alternative scenario

Above 13327.00 look for further upside with 13370.00 & 13410.00 as targets.

Comment

The RSI lacks momentum.

 

SGX FTSE China A50

may rise to 16725.00 – 16805.00

Pivot

16510.00

Our preference

Long positions above 16510.00 with targets at 16725.00 & 16805.00 in extension.

Alternative scenario

Below 16510.00 look for further downside with 16395.00 & 16320.00 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.

Daily Featured Trading Strategies

 

Service UpdatesIconBrandElement

article-thumbnail

2025-02-13 | Trading Hours

Adjusted Trading Hours for Presidents’ Day 

We wish to inform you of adjusted trading hours due to the upcoming Presidents’ Day in the US on February 17,2025.

article-thumbnail

2025-02-13 | Product Updates

Upcoming Margin Adjustments for US Stock CFDs 

We would like to inform you of an upcoming adjustment to the margin requirements for several US stock CFDs.  

article-thumbnail

2025-02-12 | System Maintenance

MT4 Live 3 Update: Order Compression 

As part of our ongoing efforts to enhance your trading experience, we will be performing scheduled maintenance on the MT4 Live 3 server on 15.02.2025

Service UpdatesIconBrandElement

MT4 Live 3 Update: Order Compression 

2025-02-12 | System Maintenance