1. Daily technical analysis of selected currency pairs



CAD/JPY Bullish

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

Target
Opportunity recognized 2021 Sep 21 for the period of up to 48 hours
+0.285 (28.5 pips) price change since the Technical Event at 85.426

Technical Analysis

We found a pattern called Double Bottom on 2021 Sep 21 at 00:00 GMT on a 30 minute chart, providing a target price for up to 48 hours in the range of 85.680 to 85.740.

The price crossed above its moving average on 2021 Sep 21 at 01:30 GMT signaling a new uptrend has been established.

AUD/DKK Bearish

Image Features: forms “Hanging Man (Bearish)” pattern

Target
Opportunity recognized 2021 Sep 21 for the period of up to 12 hours
+0.00310 (31 pips) price change since the Technical Event at 4.60180

Technical Analysis

We found a pattern called Hanging Man on 2021 Sep 21 at 00:15 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.

A bearish event triggered for Slow Stochastics on 2021 Sep 21 at 01:15 GMT when the %K line crossed below the %D line. The close prices are trading closer to the lower end of the recent high-low price range, which is associated with price decreases.

2. Daily Analyst’s View



EUR/USD

may rise 13 – 28 pips

Pivot

1.1715

Our preference

Long positions above 1.1715 with targets at 1.1740 & 1.1755 in extension.

Alternative scenario

Below 1.1715 look for further downside with 1.1700 & 1.1685 as targets.

Comment

The RSI advocates for further upside.

GBP/USD

may rise 18 – 38 pips

Pivot

1.3640

Our preference

Long positions above 1.3640 with targets at 1.3680 & 1.3700 in extension.

Alternative scenario

Below 1.3640 look for further downside with 1.3620 & 1.3600 as targets.

Comment

A support base at 1.3640 has formed and has allowed for a temporary stabilisation.

USD/CAD

may fall 17 – 47 pips

Pivot

1.2845

Our preference

Short positions below 1.2845 with targets at 1.2790 & 1.2760 in extension.

Alternative scenario

Above 1.2845 look for further upside with 1.2870 & 1.2895 as targets.

Comment

The RSI advocates for further downside.

Gold

may rise to 1773.00 – 1780.00

Pivot
1752.00

Our preference
Long positions above 1752.00 with targets at 1773.00 & 1780.00 in extension.

Alternative scenario
Below 1752.00 look for further downside with 1742.00 & 1732.00 as targets.

Comment
The RSI calls for a rebound.

Crude Oil (WTI)

may fall to 69.25 – 69.80

Pivot
71.15

Our preference
Short positions below 71.15 with targets at 69.80 & 69.25 in extension.

Alternative scenario
Above 71.15 look for further upside with 71.65 & 72.20 as targets.

Comment
As long as the resistance at 71.15 is not surpassed, the risk of the break below 69.80 remains high.

S&P 500 (CME)

may rise to 4370.00 – 4392.00

Pivot
4313.00

Our preference
Long positions above 4313.00 with targets at 4370.00 & 4392.00 in extension.

Alternative scenario
Below 4313.00 look for further downside with 4294.00 & 4275.00 as targets.

Comment
The RSI has broken up its 30 level.

Nasdaq 100 (CME)

may rise to 15110.00 – 15210.00

Pivot
14885.00

Our preference
Long positions above 14885.00 with targets at 15110.00 & 15210.00 in extension.

Alternative scenario
Below 14885.00 look for further downside with 14805.00 & 14720.00 as targets.

Comment
The RSI calls for a rebound.

Hang Seng (HKFE)

may fall to 23100.00 – 23400.00

Pivot
24015.00

Our preference
Short positions below 24015.00 with targets at 23400.00 & 23100.00 in extension.

Alternative scenario
Above 24015.00 look for further upside with 24245.00 & 24560.00 as targets.

Comment
As long as the resistance at 24015.00 is not surpassed, the risk of the break below 23400.00 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.