1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Flag (Bullish)” pattern

Target
Opportunity recognized 2022 Jan 14 for the period of up to 12 hours
+0.210 (20 pips) price change since the Technical Event at 82.189

Technical Analysis

We found a pattern called Flag (Bullish) on 2022 Jan 14 at 19:00 GMT on a 30 minute chart, providing a target price for up to 12 hours in the range of 82.560 to 82.640.

On 2022 Jan 16 at 23:30 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.

EUR/JPY Bullish

Image Features: forms “Engulfing Line (Bullish)” pattern

Target
Opportunity recognized 2022 Jan 14 for the period of up to 48 hours
+0.148 (14.8 pips) price change since the Technical Event at 130.342

Technical Analysis

We found a pattern called Engulfing Line (Bullish) on 2022 Jan 14 at 21:00 GMT on a 4 hour chart suggesting the outlook is bullish for up to 48 hours.

The RSI rose above 30 on 2022 Jan 14 at 21:00 GMT, telling us the price is starting to recover from being oversold.

2. Daily Analyst’s View



EUR/USD

may fall 23 – 43 pips

Pivot
1.1440

Our preference
Short positions below 1.1440 with targets at 1.1390 & 1.1370 in extension.

Alternative scenario
Above 1.1440 look for further upside with 1.1460 & 1.1480 as targets.

Comment
The RSI is bearish and calls for further downside.

GBP/USD

may fall 22 – 52 pips

Pivot
1.3700

Our preference
Short positions below 1.3700 with targets at 1.3650 & 1.3620 in extension.

Alternative scenario
Above 1.3700 look for further upside with 1.3725 & 1.3750 as targets.

Comment
The RSI advocates for further decline.

USD/CAD

may rise 33 – 53 pips

Pivot
1.2510

Our preference
Long positions above 1.2510 with targets at 1.2580 & 1.2600 in extension.

Alternative scenario
Below 1.2510 look for further downside with 1.2490 & 1.2470 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

Gold

may fall to 1806.00 – 1811.00

Pivot
1822.00

Our preference
Short positions below 1822.00 with targets at 1811.00 & 1806.00 in extension.

Alternative scenario
Above 1822.00 look for further upside with 1828.00 & 1833.00 as targets.

Comment
The RSI is bearish and calls for further downside.

Crude Oil (WTI)

may rise to 85.25 – 86.20

Pivot
83.30

Our preference
Long positions above 83.30 with targets at 85.25 & 86.20 in extension.

Alternative scenario
Below 83.30 look for further downside with 82.60 & 81.90 as targets.

Comment
The immediate trend remains up and the momentum is strong.

S&P 500 (CME)

may rise to 4695.00 – 4734.00

Pivot
4607.00

Our preference
Long positions above 4607.00 with targets at 4695.00 & 4734.00 in extension.

Alternative scenario
Below 4607.00 look for further downside with 4572.00 & 4525.00 as targets.

Comment
The RSI shows upside momentum.

Nasdaq 100 (CME)

may rise to 15800.00 – 15980.00

Pivot
15430.00

Our preference
Long positions above 15430.00 with targets at 15800.00 & 15980.00 in extension.

Alternative scenario
Below 15430.00 look for further downside with 15320.00 & 15150.00 as targets.

Comment
The RSI calls for a rebound.

Hang Seng (HKFE)

may fall to 24000.00 – 24150.00

Pivot
24480.00

Our preference
Short positions below 24480.00 with targets at 24150.00 & 24000.00 in extension.

Alternative scenario
Above 24480.00 look for further upside with 24560.00 & 24710.00 as targets.

Comment
As long as 24480.00 is resistance, expect a return to 24150.00.

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.