1. Daily technical analysis of selected currency pairs



CAD/JPY Bullish

Image Features: forms “Flag (Bullish)” pattern

Target
Opportunity recognized 2021 Oct 14 for the period of up to 48 hours
+0.100 (9 pips) price change since the Technical Event at 91.147

Technical Analysis

We found a pattern called Flag (Bullish) on 2021 Oct 14 at 01:00 GMT on a 1 hour chart, providing a target price for up to 48 hours in the range of 91.550 to 91.630.

The price crossed above its moving average on 2021 Oct 14 at 00:00 GMT signaling a new uptrend has been established.

EUR/AUD Bearish

Image Features: forms “Continuation Diamond (Bearish)” pattern

Target
Opportunity recognized 2021 Oct 14 for the period of up to 48 hours
+0.00040 (3 pips) price change since the Technical Event at 1.57108

Technical Analysis

We found a pattern called Continuation Diamond (Bearish) on 2021 Oct 14 at 00:00 GMT on a 30 minute chart, providing a target price for up to 48 hours in the range of 1.56000 to 1.57000.

The price crossed below its moving average on 2021 Oct 13 at 20:00 GMT signaling a new downtrend has been established.

2. Daily Analyst’s View



EUR/USD

may rise 14 – 29 pips

Pivot
1.1575

Our preference
Long positions above 1.1575 with targets at 1.1610 & 1.1625 in extension.

Alternative scenario
Below 1.1575 look for further downside with 1.1560 & 1.1540 as targets.

Comment
The RSI is bullish and calls for further upside.

GBP/USD

may rise 35 – 55 pips

Pivot
1.3630

Our preference
Long positions above 1.3630 with targets at 1.3700 & 1.3720 in extension.

Alternative scenario
Below 1.3630 look for further downside with 1.3610 & 1.3590 as targets.

Comment
The RSI advocates for further advance.

USD/CAD

may fall 19 – 39 pips

Pivot
1.2465

Our preference
Short positions below 1.2465 with targets at 1.2420 & 1.2400 in extension.

Alternative scenario
Above 1.2465 look for further upside with 1.2480 & 1.2500 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.2465.

Gold

may rise to 1805.00 – 1815.00

Pivot
1775.00

Our preference
Long positions above 1775.00 with targets at 1805.00 & 1815.00 in extension.

Alternative scenario
Below 1775.00 look for further downside with 1767.00 & 1758.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Crude Oil (WTI)

may fall to 79.45 – 79.90

Pivot
81.10

Our preference
Short positions below 81.10 with targets at 79.90 & 79.45 in extension.

Alternative scenario
Above 81.10 look for further upside with 81.60 & 82.15 as targets.

Comment
As long as 81.10 is resistance, look for choppy price action with a bearish bias.

S&P 500 (CME)

may fall to 4295.00 – 4315.00

Pivot
4377.00

Our preference
Short positions below 4377.00 with targets at 4315.00 & 4295.00 in extension.

Alternative scenario
Above 4377.00 look for further upside with 4402.00 & 4421.00 as targets.

Comment
A break below 4315.00 would trigger a drop towards 4295.00.

Nasdaq 100 (CME)

may fall to 14420.00 – 14580.00

Pivot
14890.00

Our preference
Short positions below 14890.00 with targets at 14580.00 & 14420.00 in extension.

Alternative scenario
Above 14890.00 look for further upside with 15000.00 & 15120.00 as targets.

Comment
As long as 14890.00 is resistance, expect a return to 14580.00.

Hang Seng (HKFE)

may fall to 24560.00 – 24820.00

Pivot
25150.00

Our preference
Short positions below 25150.00 with targets at 24820.00 & 24560.00 in extension.

Alternative scenario
Above 25150.00 look for further upside with 25380.00 & 25585.00 as targets.

Comment
Technically the RSI is below its neutrality area at 50. The market is closed for Chung Yeung Festival 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.