1. Daily technical analysis of selected currency pairs
GBP/CAD Bullish
Image Features: forms “Inside Bar (Bullish)” pattern
Target
Opportunity recognized 2021 Jun 30 for the period of up to 12 hours
+0.00084 (8.4 pips) price change since the Technical Event at 1.71244
Technical Analysis
We found a pattern called Inside Bar (Bullish) on 2021 Jun 30 at 16:00 GMT on a 1 hour chart suggesting the outlook is bullish for up to 12 hours.
The Momentum oscillator crossed above 0 on 2021 Jul 01 at 00:00 GMT, thereby signaling a new accelerating uptrend.
USD/DKK Bearish
Image Features: forms “Inside Bar (Bullish)” pattern
Target
Opportunity recognized 2021 Jun 30 for the period of up to 48 hours
+0.00320 (32 pips) price change since the Technical Event at 6.27150
Technical Analysis
We found a pattern called Inside Bar (Bearish) on 2021 Jun 30 at 21:00 GMT on a 4 hour chart suggesting the outlook is bearish for up to 48 hours.
The RSI fallen below 70 on 2021 Jun 30 at 21:00 GMT, telling us the price is starting to pull back from being overbought.
2. Daily Analyst’s View
EUR/USD
may fall 15 – 45 pips
Pivot
1.1890
Our preference
Short positions below 1.1890 with targets at 1.1840 & 1.1810 in extension.
Alternative scenario
Above 1.1890 look for further upside with 1.1910 & 1.1930 as targets.
Comment
The RSI is bearish and calls for further downside.
GBP/USD
may fall 29 – 49 pips
Pivot
1.3850
Our preference
Short positions below 1.3850 with targets at 1.3800 & 1.3780 in extension.
Alternative scenario
Above 1.3850 look for further upside with 1.3870 & 1.3890 as targets.
Comment
As long as the resistance at 1.3850 is not surpassed, the risk of the break below 1.3800 remains high.
USD/CAD
may rise 25 – 45 pips
Pivot
1.2370
Our preference
Long positions above 1.2370 with targets at 1.2420 & 1.2440 in extension.
Alternative scenario
Below 1.2370 look for further downside with 1.2350 & 1.2330 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold
may rise to 1779.00 – 1786.00
Pivot
1759.00
Our preference
Long positions above 1759.00 with targets at 1779.00 & 1786.00 in extension.
Alternative scenario
Below 1759.00 look for further downside with 1750.00 & 1740.00 as targets.
Comment
The RSI is mixed with a bullish bias.
Crude Oil (WTI)
may rise to 74.15 – 74.45
Pivot
72.95
Our preference
Long positions above 72.95 with targets at 74.15 & 74.45 in extension.
Alternative scenario
Below 72.95 look for further downside with 72.45 & 71.95 as targets.
Comment
The RSI is mixed with a bullish bias.
S&P 500 (CME)
may rise to 4302.00 – 4313.00
Pivot
4281.00
Our preference
Long positions above 4281.00 with targets at 4302.00 & 4313.00 in extension.
Alternative scenario
Below 4281.00 look for further downside with 4275.00 & 4269.00 as targets.
Comment
The next resistances are at 4302.00 and then at 4313.00.
Nasdaq 100 (CME)
may rise to 14630.00 – 14670.00
Pivot
14520.00
Our preference
Long positions above 14520.00 with targets at 14630.00 & 14670.00 in extension.
Alternative scenario
Below 14520.00 look for further downside with 14495.00 & 14450.00 as targets.
Comment
The RSI lacks downward momentum.
Hang Seng (HKFE)
may fall to 28420.00 – 28540.00
Pivot
28780.00
Our preference
Short positions below 28780.00 with targets at 28540.00 & 28420.00 in extension.
Alternative scenario
Above 28780.00 look for further upside with 28900.00 & 29025.00 as targets.
Comment
The RSI lacks upward momentum. The market is closed for HKSAR Establishment Day Holiday.
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.
