1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Apr 14 for the period of up to 12 hours
+0.039 (3.9 pips) price change since the Technical Event at 93.454

Technical Analysis

We found a pattern called Outside Bar (Bullish) on 2022 Apr 14 at 02:50 GMT on a 5 minute chart suggesting the outlook is bullish for up to 12 hours.

The price crossed above its moving average on 2022 Apr 14 at 02:55 GMT signaling a new uptrend has been established.

CAD/JPY Bullish

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

Target
Opportunity recognized 2022 Apr 14 for the period of up to 12 hours
+0.004 (0.4 pips) price change since the Technical Event at 99.839

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 Apr 14 at 02:50 GMT on a 5 minute chart suggesting the outlook is bullish for up to 12 hours.

On 2022 Apr 14 at 02:25 GMT, the 4-bar Moving Average crossed above the 9-bar MA which crossed above the 18-bar MA, signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may rise 22 – 42 pips

Pivot
1.0870

Our preference
Long positions above 1.0870 with targets at 1.0925 & 1.0945 in extension.

Alternative scenario
Below 1.0870 look for further downside with 1.0845 & 1.0825 as targets.

Comment
The RSI advocates for further advance.

GBP/USD

may rise 28 – 58 pips

Pivot
1.3090

Our preference
Long positions above 1.3090 with targets at 1.3160 & 1.3190 in extension.

Alternative scenario
Below 1.3090 look for further downside with 1.3055 & 1.3020 as targets.

Comment
The RSI advocates for further advance.

USD/CAD

may fall 17 – 47 pips

Pivot
1.2585

Our preference
Short positions below 1.2585 with targets at 1.2530 & 1.2500 in extension.

Alternative scenario
Above 1.2585 look for further upside with 1.2610 & 1.2635 as targets.

Comment
The RSI has broken down its 30 level.

Gold

may rise to 1986.00 – 1998.00

Pivot
1966.00

Our preference
Long positions above 1966.00 with targets at 1986.00 & 1998.00 in extension.

Alternative scenario
Below 1966.00 look for further downside with 1960.00 & 1949.00 as targets.

Comment
The RSI calls for a new upleg.

Crude Oil (WTI)

may rise to 104.40 – 105.50

Pivot
102.00

Our preference
Long positions above 102.00 with targets at 104.40 & 105.50 in extension.

Alternative scenario
Below 102.00 look for further downside with 101.00 & 99.90 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500 (CME)

may rise to 4482.00 – 4518.00

Pivot
4404.00

Our preference
Long positions above 4404.00 with targets at 4482.00 & 4518.00 in extension.

Alternative scenario
Below 4404.00 look for further downside with 4376.00 & 4338.00 as targets.

Comment
The RSI calls for a rebound.

Nasdaq 100 (CME)

may rise to 14320.00 – 14490.00

Pivot
14040.00

Our preference
Long positions above 14040.00 with targets at 14320.00 & 14490.00 in extension.

Alternative scenario
Below 14040.00 look for further downside with 13880.00 & 13680.00 as targets.

Comment
The RSI advocates for further advance.

Hang Seng (HKFE)

may fall to 21000.00 – 21230.00

Pivot
21550.00

Our preference
Short positions below 21550.00 with targets at 21230.00 & 21000.00 in extension.

Alternative scenario
Above 21550.00 look for further upside with 21760.00 & 21950.00 as targets.

Comment
As long as 21550.00 is resistance, look for choppy price action with a bearish bias.

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.