1. Daily technical analysis of selected currency pairs
AUD/JPY Bearish
Image Features: forms “Hanging Man (Bearish)” pattern
Target
Opportunity recognized 2021 Dec 23 for the period of up to 12 hours
-0.137 (13.7 pips) price change since the Technical Event at 82.362
Technical Analysis
We found a pattern called Hanging Man on 2021 Dec 23 at 00:30 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.
The Momentum oscillator crossed below 0 on 2021 Dec 23 at 02:00 GMT, thereby signaling a new accelerating downtrend.
EUR/JPY Bullish
Image Features: forms “Inside Bar (Bullish)” pattern
Target
Opportunity recognized 2021 Dec 22 for the period of up to 12 hours
+0.154 (15.4 pips) price change since the Technical Event at 129.246
Technical Analysis
We found a pattern called Inside Bar (Bullish) on 2021 Dec 22 at 23:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.
The CCI triggered a bullish signal on 2021 Dec 23 at 02:00 GMT by crossing above the +100% level.
2. Daily Analyst’s View
EUR/USD
may rise 15 – 35 pips
Pivot
1.1300
Our preference
Long positions above 1.1300 with targets at 1.1340 & 1.1360 in extension.
Alternative scenario
Below 1.1300 look for further downside with 1.1280 & 1.1260 as targets.
Comment
The RSI advocates for further advance.
GBP/USD
may rise 21 – 46 pips
Pivot
1.3320
Our preference
Long positions above 1.3320 with targets at 1.3375 & 1.3400 in extension.
Alternative scenario
Below 1.3320 look for further downside with 1.3300 & 1.3280 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/CAD
may fall 36 – 56 pips
Pivot
1.2880
Our preference
Short positions below 1.2880 with targets at 1.2810 & 1.2790 in extension.
Alternative scenario
Above 1.2880 look for further upside with 1.2900 & 1.2920 as targets.
Comment
The RSI advocates for further downside.
Gold
may rise to 1814.00 – 1819.00
Pivot
1794.00
Our preference
Long positions above 1794.00 with targets at 1814.00 & 1819.00 in extension.
Alternative scenario
Below 1794.00 look for further downside with 1788.00 & 1784.00 as targets.
Comment
The RSI is bullish and calls for further upside.
Crude Oil (WTI)
may rise to 74.55 – 75.70
Pivot
71.70
Our preference
Long positions above 71.70 with targets at 74.55 & 75.70 in extension.
Alternative scenario
Below 71.70 look for further downside with 70.65 & 69.35 as targets.
Comment
The RSI shows upside momentum.
S&P 500 (CME)
may rise to 4739.00 – 4760.00
Pivot
4642.00
Our preference
Long positions above 4642.00 with targets at 4739.00 & 4760.00 in extension.
Alternative scenario
Below 4642.00 look for further downside with 4619.00 & 4573.00 as targets.
Comment
The next resistances are at 4739.00 and then at 4760.00.
Nasdaq 100 (CME)
may rise to 16320.00 – 16450.00
Pivot
15980.00
Our preference
Long positions above 15980.00 with targets at 16320.00 & 16450.00 in extension.
Alternative scenario
Below 15980.00 look for further downside with 15825.00 & 15720.00 as targets.
Comment
The RSI is bullish and calls for further advance.
Hang Seng (HKFE)
may rise to 23340.00 – 23480.00
Pivot
22940.00
Our preference
Long positions above 22940.00 with targets at 23340.00 & 23480.00 in extension.
Alternative scenario
Below 22940.00 look for further downside with 22790.00 & 22660.00 as targets.
Comment
The RSI is mixed to bullish.
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.
