1. Daily technical analysis of selected currency pairs



EUR/JPY Bearish

Image Features: forms “Double Top (Bearish)” pattern

Target
Opportunity recognized 2021 Sep 09 for the period of up to 2 weeks
-0.478 (47.8 pips) price change since the Technical Event at 130.185

Technical Analysis

We found a pattern called Double Top on 2021 Sep 09 at 05:00 GMT on a 4 hour chart, providing a target price for up to 2 weeks in the range of 129.550 to 129.700.

On 2021 Sep 09 at 05:00 GMT, the 4-bar Moving Average crossed below the 9-bar MA which crossed below the 18-bar MA, signaling a new downtrend has been established.

GBP/CAD Bullish

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

Target
Opportunity recognized 2021 Sep 10 for the period of up to 12 hours
-0.00038 (3.8 pips) price change since the Technical Event at 1.75109

Technical Analysis

We found a pattern called Outside Bar (Bullish) on 2021 Sep 10 at 02:45 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

A bullish event triggered for Slow Stochastics on 2021 Sep 10 at 03:15 GMT when the %K line crossed above the %D line. The close prices are trading closer to the upper end of the recent high-low price range, which is associated with price increases.

2. Daily Analyst’s View

EUR/USD

may rise 8 – 23 pips

Pivot
1.1815

Our preference
Long positions above 1.1815 with targets at 1.1840 & 1.1855 in extension.

Alternative scenario
Below 1.1815 look for further downside with 1.1800 & 1.1785 as targets.

Comment
The RSI advocates for further upside.

GBP/USD

may rise 18 – 43 pips

Pivot
1.3810

Our preference
Long positions above 1.3810 with targets at 1.3865 & 1.3890 in extension.

Alternative scenario
Below 1.3810 look for further downside with 1.3795 & 1.3780 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/CAD

may fall 24 – 54 pips

Pivot
1.2675

Our preference
Short positions below 1.2675 with targets at 1.2620 & 1.2590 in extension.

Alternative scenario
Above 1.2675 look for further upside with 1.2700 & 1.2725 as targets.

Comment
The RSI calls for a new downleg.

Gold

may rise to 1802.00 – 1808.00

Pivot
1787.00

Our preference
Long positions above 1787.00 with targets at 1802.00 & 1808.00 in extension.

Alternative scenario
Below 1787.00 look for further downside with 1781.00 & 1775.00 as targets.

Comment
The RSI lacks momentum.

Crude Oil (WTI)

may fall to 67.10 – 67.55

Pivot
68.35

Our preference
Short positions below 68.35 with targets at 67.55 & 67.10 in extension.

Alternative scenario
Above 68.35 look for further upside with 68.80 & 69.35 as targets.

Comment
As long as the resistance at 68.35 is not surpassed, the risk of the break below 67.55 remains high.

S&P 500 (CME)

may fall to 4465.00 – 4474.00

Pivot
4495.00

Our preference
Short positions below 4495.00 with targets at 4474.00 & 4465.00 in extension.

Alternative scenario
Above 4495.00 look for further upside with 4505.00 & 4520.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Nasdaq 100 (CME)

may fall to 15480.00 – 15515.00

Pivot
15600.00

Our preference
Short positions below 15600.00 with targets at 15515.00 & 15480.00 in extension.

Alternative scenario
Above 15600.00 look for further upside with 15630.00 & 15665.00 as targets.

Comment
A break below 15515.00 would trigger a drop towards 15480.00.

Hang Seng (HKFE)

may fall to 25450.00 – 25580.00

Pivot
25890.00

Our preference
Short positions below 25890.00 with targets at 25580.00 & 25450.00 in extension.

Alternative scenario
Above 25890.00 look for further upside with 26070.00 & 26230.00 as targets.

Comment
The upward potential is likely to be limited by the resistance at 25890.00.

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.