1. Daily technical analysis of selected currency pairs
AUD/JPY Bearish
Image Features: forms “Flag (Bearish)” pattern
Target
Opportunity recognized 2022 Jan 25 for the period of up to 48 hours
-0.202 (20.2 pips) price change since the Technical Event at 81.516
Technical Analysis
We found a pattern called Flag (Bearish) on 2022 Jan 25 at 02:00 GMT on a 1 hour chart, providing a target price for up to 48 hours in the range of 81.030 to 81.110.
The price crossed below its moving average on 2022 Jan 25 at 02:00 GMT signaling a new downtrend has been established.
CAD/JPY Bullish
Image Features: forms “Inverted Hammer (Bullish)” pattern
Target
Opportunity recognized 2022 Jan 25 for the period of up to 12 hours
+0.052 (5.2 pips) price change since the Technical Event at 89.917
Technical Analysis
We found a pattern called Inverted Hammer on 2022 Jan 25 at 02:45 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.
The faster moving average crossed above the slower moving average on 2022 Jan 24 at 23:00 GMT, signaling a new uptrend has been established.
2. Daily Analyst’s View
EUR/USD
may fall 10 – 25 pips
Pivot
1.1335
Our preference
Short positions below 1.1335 with targets at 1.1305 & 1.1290 in extension.
Alternative scenario
Above 1.1335 look for further upside with 1.1350 & 1.1360 as targets.
Comment
The RSI advocates for further decline.
GBP/USD
may fall 22 – 42 pips
Pivot
1.3505
Our preference
Short positions below 1.3505 with targets at 1.3460 & 1.3440 in extension.
Alternative scenario
Above 1.3505 look for further upside with 1.3530 & 1.3555 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.3505.
USD/CAD
may rise 47 – 72 pips
Pivot
1.2605
Our preference
Long positions above 1.2605 with targets at 1.2665 & 1.2700 in extension.
Alternative scenario
Below 1.2605 look for further downside with 1.2575 & 1.2550 as targets.
Comment
A support base at 1.2605 has formed and has allowed for a temporary stabilisation.
Gold
may rise to 1848.00 – 1855.00
Pivot
1834.00
Our preference
Long positions above 1834.00 with targets at 1848.00 & 1855.00 in extension.
Alternative scenario
Below 1834.00 look for further downside with 1828.00 & 1822.00 as targets.
Comment
The RSI is mixed to bullish.
Crude Oil (WTI)
may rise to 84.75 – 86.00
Pivot
82.65
Our preference
Long positions above 82.65 with targets at 84.75 & 86.00 in extension.
Alternative scenario
Below 82.65 look for further downside with 81.90 & 81.30 as targets.
Comment
The RSI calls for a bounce.
S&P 500 (CME)
may rise to 4484.00 – 4590.00
Pivot
4267.00
Our preference
Long positions above 4267.00 with targets at 4484.00 & 4590.00 in extension.
Alternative scenario
Below 4267.00 look for further downside with 4213.00 & 4163.00 as targets.
Comment
The RSI calls for a bounce.
Nasdaq 100 (CME)
may rise to 14830.00 – 15190.00
Pivot
13970.00
Our preference
Long positions above 13970.00 with targets at 14830.00 & 15190.00 in extension.
Alternative scenario
Below 13970.00 look for further downside with 13670.00 & 13430.00 as targets.
Comment
The RSI calls for a rebound.
Hang Seng (HKFE)
may rise to 24400.00 – 24770.00
Pivot
23940.00
Our preference
Long positions above 23940.00 with targets at 24400.00 & 24770.00 in extension.
Alternative scenario
Below 23940.00 look for further downside with 23660.00 & 23400.00 as targets.
Comment
The RSI has broken up its 30 level.
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.
