1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Flag (Bullish)” pattern

Target
Opportunity recognized 2022 May 03 for the period of up to 48 hours
+1.680 (168 pips) price change since the Technical Event at 91.795

Technical Analysis

We found a pattern called Flag (Bullish) on 2022 May 03 at 01:00 GMT on a 4 hour chart, providing a target price for up to 48 hours in the range of 93.100 to 93.400.

The CCI triggered a bullish signal on 2022 May 04 at 17:00 GMT by crossing above the +100% level.

CAD/JPY Bullish

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

Target
Opportunity recognized 2022 May 05 for the period of up to 12 hours
-0.141 (14.1 pips) price change since the Technical Event at 101.413

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 May 05 at 00:30 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 May 05 at 00:15 GMT, signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may rise 35 – 60 pips

Pivot
1.0570

Our preference
Long positions above 1.0570 with targets at 1.0655 & 1.0680 in extension.

Alternative scenario
Below 1.0570 look for further downside with 1.0550 & 1.0530 as targets.

Comment
The RSI is bullish and calls for further advance.

GBP/USD

may rise 42 – 82 pips

Pivot
1.2550

Our preference
Long positions above 1.2550 with targets at 1.2660 & 1.2700 in extension.

Alternative scenario
Below 1.2550 look for further downside with 1.2520 & 1.2490 as targets.

Comment
The RSI calls for a new upleg.

USD/CAD

may fall 30 – 65 pips

Pivot
1.2800

Our preference
Short positions below 1.2800 with targets at 1.2715 & 1.2680 in extension.

Alternative scenario
Above 1.2800 look for further upside with 1.2830 & 1.2860 as targets.

Comment
The RSI is bearish and calls for further downside.

Gold

may rise to 1905.00 – 1920.00

Pivot
1874.00

Our preference
Long positions above 1874.00 with targets at 1905.00 & 1920.00 in extension.

Alternative scenario
Below 1874.00 look for further downside with 1861.00 & 1850.00 as targets.

Comment
The RSI shows upside momentum.

Crude Oil (WTI)

may rise to 111.00 – 112.30

Pivot
105.60

Our preference
Long positions above 105.60 with targets at 111.00 & 112.30 in extension.

Alternative scenario
Below 105.60 look for further downside with 103.70 & 102.10 as targets.

Comment
The RSI shows upside momentum.

S&P 500 (CME)

may rise to 4375.00 – 4459.00

Pivot
4195.00

Our preference
Long positions above 4195.00 with targets at 4375.00 & 4459.00 in extension.

Alternative scenario
Below 4195.00 look for further downside with 4130.00 & 4065.00 as targets.

Comment
The next resistances are at 4375.00 and then at 4459.00.

Nasdaq 100 (CME)

may rise to 13770.00 – 14020.00

Pivot
13330.00

Our preference
Long positions above 13330.00 with targets at 13770.00 & 14020.00 in extension.

Alternative scenario
Below 13330.00 look for further downside with 13015.00 & 12820.00 as targets.

Comment
The next resistances are at 13770.00 and then at 14020.00.

Hang Seng (HKFE)

may rise to 21200.00 – 21460.00

Pivot
20530.00

Our preference
Long positions above 20530.00 with targets at 21200.00 & 21460.00 in extension.

Alternative scenario
Below 20530.00 look for further downside with 20170.00 & 19880.00 as targets.

Comment
The RSI calls for a new upleg.

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.