1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Megaphone Bottom (Bullish)” pattern

Target
Opportunity recognized 2021 Nov 22 for the period of up to 48 hours
+0.288 (28.8 pips) price change since the Technical Event at 82.817

Technical Analysis

We found a pattern called Megaphone Bottom on 2021 Nov 22 at 07:30 GMT on a 30 minute chart, providing a target price for up to 48 hours in the range of 83.400 to 83.550.

The faster moving average crossed above the slower moving average on 2021 Nov 23 at 20:30 GMT, signaling a new uptrend has been established.

EUR/JPY Bullish

Image Features: forms “Triple Bottom (Bullish)” pattern

Target
Opportunity recognized 2021 Nov 22 for the period of up to 48 hours
+0.407 (40.7 pips) price change since the Technical Event at 128.885

Technical Analysis

We found a pattern called Triple Bottom on 2021 Nov 22 at 15:00 GMT on a 1 hour chart, providing a target price for up to 48 hours in the range of 129.220 to 129.300.

The faster moving average crossed above the slower moving average on 2021 Nov 23 at 03:00 GMT, signaling a new uptrend has been established.

2. Daily Analyst’s View



EUR/USD

may fall 18 – 33 pips

Pivot
1.1270

Our preference
Short positions below 1.1270 with targets at 1.1225 & 1.1210 in extension.

Alternative scenario
Above 1.1270 look for further upside with 1.1285 & 1.1300 as targets.

Comment
As long as the resistance at 1.1270 is not surpassed, the risk of the break below 1.1225 remains high.

GBP/USD

may fall 34 – 54 pips

Pivot
1.3405

Our preference
Short positions below 1.3405 with targets at 1.3340 & 1.3320 in extension.

Alternative scenario
Above 1.3405 look for further upside with 1.3425 & 1.3445 as targets.

Comment
As long as the resistance at 1.3405 is not surpassed, the risk of the break below 1.3340 remains high.

USD/CAD

may fall 32 – 52 pips

Pivot
1.2710

Our preference
Short positions below 1.2710 with targets at 1.2640 & 1.2620 in extension.

Alternative scenario
Above 1.2710 look for further upside with 1.2730 & 1.2745 as targets.

Comment
The RSI is bearish and calls for further downside.

Gold

may rise to 1802.00 – 1812.00

Pivot
1781.00

Our preference
Long positions above 1781.00 with targets at 1802.00 & 1812.00 in extension.

Alternative scenario
Below 1781.00 look for further downside with 1770.00 & 1760.00 as targets.

Comment
The RSI shows upside momentum.

Crude Oil (WTI)

may rise to 79.30 – 80.30

Pivot
77.10

Our preference
Long positions above 77.10 with targets at 79.30 & 80.30 in extension.

Alternative scenario
Below 77.10 look for further downside with 76.20 & 75.30 as targets.

Comment
The RSI is bullish and calls for further advance.

S&P 500 (CME)

may rise to 4705.00 – 4724.00

Pivot
4655.00

Our preference
Long positions above 4655.00 with targets at 4705.00 & 4724.00 in extension.

Alternative scenario
Below 4655.00 look for further downside with 4640.00 & 4625.00 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

Nasdaq 100 (CME)

may rise to 16400.00 – 16520.00

Pivot
16140.00

Our preference
Long positions above 16140.00 with targets at 16400.00 & 16520.00 in extension.

Alternative scenario
Below 16140.00 look for further downside with 16000.00 & 15850.00 as targets.

Comment
The RSI calls for a rebound.

Hang Seng (HKFE)

may fall to 24250.00 – 24380.00

Pivot
24800.00

Our preference
Short positions below 24800.00 with targets at 24380.00 & 24250.00 in extension.

Alternative scenario
Above 24800.00 look for further upside with 24950.00 & 25100.00 as targets.

Comment
As long as the resistance at 24800.00 is not surpassed, the risk of the break below 24380.00 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.