1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Feb 22 for the period of up to 12 hours
+0.101 (10.1 pips) price change since the Technical Event at 82.320

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 Feb 22 at 00:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.

The MACD generated a bullish signal on 2022 Feb 22 at 02:00 GMT.

CAD/JPY Bullish

Image Features: forms “Inverted Hammer (Bullish)” pattern

Target
Opportunity recognized 2022 Feb 21 for the period of up to 12 hours
-0.070 (7 pips) price change since the Technical Event at 89.897

Technical Analysis

We found a pattern called Inverted Hammer on 2022 Feb 21 at 23:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.

A bullish event triggered for Slow Stochastics on 2022 Feb 22 at 02:00 GMT when the %K line crossed above the %D line. The close prices are trading closer to the upper end of the recent high-low price range, which is associated with price increases.

2. Daily Analyst’s View

EUR/USD

may fall 20 – 40 pips

Pivot
1.1330

Our preference
Short positions below 1.1330 with targets at 1.1280 & 1.1260 in extension.

Alternative scenario
Above 1.1330 look for further upside with 1.1350 & 1.1370 as targets.

Comment
The RSI is bearish and calls for further decline.

GBP/USD

may fall 19 – 39 pips

Pivot
1.3620

Our preference
Short positions below 1.3620 with targets at 1.3570 & 1.3550 in extension.

Alternative scenario
Above 1.3620 look for further upside with 1.3640 & 1.3660 as targets.

Comment
The RSI advocates for further decline.

USD/CAD

may rise 16 – 36 pips

Pivot
1.2730

Our preference
Long positions above 1.2730 with targets at 1.2775 & 1.2795 in extension.

Alternative scenario
Below 1.2730 look for further downside with 1.2710 & 1.2690 as targets.

Comment
The RSI calls for a new upleg.

Gold

may rise to 1921.00 – 1930.00

Pivot
1897.00

Our preference
Long positions above 1897.00 with targets at 1921.00 & 1930.00 in extension.

Alternative scenario
Below 1897.00 look for further downside with 1887.00 & 1877.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Crude Oil (WTI)

may rise to 94.05 – 94.80

Pivot
91.70

Our preference
Long positions above 91.70 with targets at 94.05 & 94.80 in extension.

Alternative scenario
Below 91.70 look for further downside with 90.60 & 89.40 as targets.

Comment
The RSI is bullish and calls for further upside.

S&P 500 (CME)

may fall to 4180.00 – 4230.00

Pivot
4330.00

Our preference
Short positions below 4330.00 with targets at 4230.00 & 4180.00 in extension.

Alternative scenario
Above 4330.00 look for further upside with 4360.00 & 4390.00 as targets.

Comment
The RSI shows downside momentum.

Nasdaq 100 (CME)

may fall to 13260.00 – 13400.00

Pivot
13900.00

Our preference
Short positions below 13900.00 with targets at 13400.00 & 13260.00 in extension.

Alternative scenario
Above 13900.00 look for further upside with 14000.00 & 14160.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Hang Seng (HKFE)

may fall to 23600.00 – 23860.00

Pivot
24250.00

Our preference
Short positions below 24250.00 with targets at 23860.00 & 23600.00 in extension.

Alternative scenario
Above 24250.00 look for further upside with 24380.00 & 24580.00 as targets.

Comment
As long as the resistance at 24250.00 is not surpassed, the risk of the break below 23860.00 remains high.

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.