1. Daily technical analysis of selected currency pairs
AUD/JPY Bullish
Image Features: forms “Inside Bar (Bullish)” pattern
Target
Opportunity recognized 2022 Apr 21 for the period of up to 12 hours
+0.156 (15.6 pips) price change since the Technical Event at 95.265
Technical Analysis
We found a pattern called Inside Bar (Bullish) on 2022 Apr 21 at 01:05 GMT on a 5 minute chart suggesting the outlook is bullish for up to 12 hours.
On 2022 Apr 21 at 01:50 GMT, the 4-bar Moving Average crossed above the 9-bar MA which crossed above the 18-bar MA, signaling a new uptrend has been established.
USD/AUD Bullish
Image Features: forms “Inside Bar (Bullish)” pattern
Target
Opportunity recognized 2022 Apr 20 for the period of up to 12 hours
+0.00264 (26.4 pips) price change since the Technical Event at 1.34246
Technical Analysis
We found a pattern called Inside Bar (Bullish) on 2022 Apr 20 at 21:30 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.
On 2022 Apr 21 at 01:00 GMT, the 4-bar Moving Average crossed above the 9-bar MA which crossed above the 18-bar MA, signaling a new uptrend has been established.
2. Daily Analyst’s View
EUR/USD
may rise 32 – 52 pips
Pivot
1.0820
Our preference
Long positions above 1.0820 with targets at 1.0880 & 1.0900 in extension.
Alternative scenario
Below 1.0820 look for further downside with 1.0800 & 1.0780 as targets.
Comment
The RSI calls for a bounce.
GBP/USD
may rise 24 – 44 pips
Pivot
1.3040
Our preference
Long positions above 1.3040 with targets at 1.3090 & 1.3110 in extension.
Alternative scenario
Below 1.3040 look for further downside with 1.3020 & 1.3000 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/CAD
may fall 40 – 70 pips
Pivot
1.2540
Our preference
Short positions below 1.2540 with targets at 1.2450 & 1.2420 in extension.
Alternative scenario
Above 1.2540 look for further upside with 1.2570 & 1.2600 as targets.
Comment
The RSI is bearish and calls for further downside.
Gold
may rise to 1967.00 – 1974.00
Pivot
1943.00
Our preference
Long positions above 1943.00 with targets at 1967.00 & 1974.00 in extension.
Alternative scenario
Below 1943.00 look for further downside with 1937.00 & 1930.00 as targets.
Comment
The RSI calls for a rebound.
Crude Oil (WTI)
may fall to 99.90 – 101.50
Pivot
103.90
Our preference
Short positions below 103.90 with targets at 101.50 & 99.90 in extension.
Alternative scenario
Above 103.90 look for further upside with 105.40 & 106.75 as targets.
Comment
As long as 103.90 is resistance, look for choppy price action with a bearish bias.
S&P 500 (CME)
may rise to 4520.00 – 4550.00
Pivot
4435.00
Our preference
Long positions above 4435.00 with targets at 4520.00 & 4550.00 in extension.
Alternative scenario
Below 4435.00 look for further downside with 4411.00 & 4392.00 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
Nasdaq 100 (CME)
may fall to 13890.00 – 13960.00
Pivot
14125.00
Our preference
Short positions below 14125.00 with targets at 13960.00 & 13890.00 in extension.
Alternative scenario
Above 14125.00 look for further upside with 14300.00 & 14420.00 as targets.
Comment
As long as 14125.00 is resistance, look for choppy price action with a bearish bias.
Hang Seng (HKFE)
may fall to 20380.00 – 20630.00
Pivot
21060.00
Our preference
Short positions below 21060.00 with targets at 20630.00 & 20380.00 in extension.
Alternative scenario
Above 21060.00 look for further upside with 21210.00 & 21350.00 as targets.
Comment
The RSI advocates for further decline.
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.
