1. Daily technical analysis of selected currency pairs



CAD/JPY Bullish

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

Target

Opportunity recognized 2021 Sep 30 for the period of up to 12 hours
-0.020 (2 pips) price change since the Technical Event at 87.782

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2021 Sep 30 at 02:15 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The CCI triggered a bullish signal on 2021 Sep 30 at 02:45 GMT by crossing above the +100% level.

AUD/DKK Bearish

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

Target
Opportunity recognized 2021 Sep 30 for the period of up to 12 hours
-0.00050 (5 pips) price change since the Technical Event at 4.61510

Technical Analysis

We found a pattern called Hanging Man on 2021 Sep 30 at 03:00 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 30 at 01:45 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 fall 20 – 40 pips

Pivot
1.1630

Our preference
Short positions below 1.1630 with targets at 1.1580 & 1.1560 in extension.

Alternative scenario
Above 1.1630 look for further upside with 1.1650 & 1.1670 as targets.

Comment
The RSI is bearish and calls for further decline.

GBP/USD

may fall 26 – 66 pips

Pivot
1.3480

Our preference
Short positions below 1.3480 with targets at 1.3400 & 1.3360 in extension.

Alternative scenario
Above 1.3480 look for further upside with 1.3520 & 1.3555 as targets.

Comment
The RSI calls for a new downleg.

USD/CAD

may rise 36 – 66 pips

Pivot
1.2700

Our preference
Long positions above 1.2700 with targets at 1.2790 & 1.2820 in extension.

Alternative scenario
Below 1.2700 look for further downside with 1.2670 & 1.2640 as targets.

Comment
The RSI advocates for further advance.

Gold

may fall to 1713.00 – 1720.00

Pivot
1736.00

Our preference
Short positions below 1736.00 with targets at 1720.00 & 1713.00 in extension.

Alternative scenario
Above 1736.00 look for further upside with 1746.00 & 1754.00 as targets.

Comment
As long as the resistance at 1736.00 is not surpassed, the risk of the break below 1720.00 remains high.

Crude Oil (WTI)

may rise to 75.30 – 75.80

Pivot
74.25

Our preference
Long positions above 74.25 with targets at 75.30 & 75.80 in extension.

Alternative scenario
Below 74.25 look for further downside with 73.75 & 73.25 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

S&P 500 (CME)

may rise to 4388.00 – 4410.00

Pivot
4335.00

Our preference
Long positions above 4335.00 with targets at 4388.00 & 4410.00 in extension.

Alternative scenario
Below 4335.00 look for further downside with 4314.00 & 4295.00 as targets.

Comment
A support base at 4335.00 has formed and has allowed for a temporary stabilisation.

Nasdaq 100 (CME)

may fall to 14580.00 – 14700.00

Pivot
14925.00

Our preference
Short positions below 14925.00 with targets at 14700.00 & 14580.00 in extension.

Alternative scenario
Above 14925.00 look for further upside with 15035.00 & 15120.00 as targets.

Comment
As long as 14925.00 is resistance, look for choppy price action with a bearish bias.

Hang Seng (HKFE)

may rise to 24660.00 – 24900.00

Pivot
24225.00

Our preference
Long positions above 24225.00 with targets at 24660.00 & 24900.00 in extension.

Alternative scenario
Below 24225.00 look for further downside with 24030.00 & 23910.00 as targets.

Comment
The RSI is below its neutrality area at 50% but reversing up.

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.