1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Apr 28 for the period of up to 2 weeks
+0.525 (52.5 pips) price change since the Technical Event at 92.581

Technical Analysis

We found a pattern called Megaphone Bottom on 2022 Apr 28 at 07:00 GMT on a 30 minute chart, providing a target price for up to 2 weeks in the range of 94.500 to 94.900.

The faster moving average crossed above the slower moving average on 2022 Apr 28 at 14:00 GMT, signaling a new uptrend has been established.

CAD/JPY Bullish

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

Target
Opportunity recognized 2022 Apr 08 for the period of up to 2 weeks
+3.643 (364.3 pips) price change since the Technical Event at 98.525

Technical Analysis

We found a pattern called Continuation Diamond (Bullish) on 2022 Apr 08 at 07:00 GMT on a 1 hour chart, providing a target price for up to 2 weeks in the range of 100.600 to 101.100.

The price crossed above its moving average on 2022 Apr 28 at 05:00 GMT signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may fall 37 – 57 pips

Pivot
1.0530

Our preference
Short positions below 1.0530 with targets at 1.0470 & 1.0450 in extension.

Alternative scenario
Above 1.0530 look for further upside with 1.0550 & 1.0570 as targets.

Comment
As long as the resistance at 1.0530 is not surpassed, the risk of the break below 1.0470 remains high.

GBP/USD

may fall 48 – 73 pips

Pivot
1.2510

Our preference
Short positions below 1.2510 with targets at 1.2435 & 1.2410 in extension.

Alternative scenario
Above 1.2510 look for further upside with 1.2540 & 1.2570 as targets.

Comment
As long as 1.2510 is resistance, look for choppy price action with a bearish bias.

USD/CAD

may fall 17 – 52 pips

Pivot
1.2830

Our preference
Short positions below 1.2830 with targets at 1.2775 & 1.2740 in extension.

Alternative scenario
Above 1.2830 look for further upside with 1.2855 & 1.2880 as targets.

Comment
The RSI is bearish and calls for further downside.

Gold

may rise to 1903.00 – 1911.00

Pivot
1883.00

Our preference
Long positions above 1883.00 with targets at 1903.00 & 1911.00 in extension.

Alternative scenario
Below 1883.00 look for further downside with 1872.00 & 1865.00 as targets.

Comment
The RSI calls for a rebound.

Crude Oil (WTI)

may rise to 106.80 – 108.00

Pivot
103.00

Our preference
Long positions above 103.00 with targets at 106.80 & 108.00 in extension.

Alternative scenario
Below 103.00 look for further downside with 101.00 & 100.00 as targets.

Comment
The RSI is mixed with a bullish bias.

S&P 500 (CME)

may rise to 4302.00 – 4339.00

Pivot
4220.00

Our preference
Long positions above 4220.00 with targets at 4302.00 & 4339.00 in extension.

Alternative scenario
Below 4220.00 look for further downside with 4172.00 & 4140.00 as targets.

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

Nasdaq 100 (CME)

may rise to 13410.00 – 13540.00

Pivot
13140.00

Our preference
Long positions above 13140.00 with targets at 13410.00 & 13540.00 in extension.

Alternative scenario
Below 13140.00 look for further downside with 12980.00 & 12810.00 as targets.

Comment
Intraday technical indicators are mixed and call for caution.

Hang Seng (HKFE)

may rise to 20350.00 – 20590.00

Pivot
19740.00

Our preference
Long positions above 19740.00 with targets at 20350.00 & 20590.00 in extension.

Alternative scenario
Below 19740.00 look for further downside with 19510.00 & 19320.00 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.