1. Daily technical analysis of selected currency pairs
AUD/JPY Bullish
Image Features: forms “Continuation Diamond (Bullish)” pattern
Target
Opportunity recognized 2022 Apr 18 for the period of up to 2 weeks
+1.441 (144.1 pips) price change since the Technical Event at 93.219
Technical Analysis
We found a pattern called Continuation Diamond (Bullish) on 2022 Apr 18 at 15:30 GMT on a 30 minute chart, providing a target price for up to 2 weeks in the range of 94.000 to 94.150.
The price crossed above its moving average on 2022 Apr 22 at 00:30 GMT signaling a new uptrend has been established.
CAD/JPY Bullish
Image Features: forms “Hammer (Bullish)” pattern
Target
Opportunity recognized 2022 Apr 21 for the period of up to 12 hours
+0.097 (9.7 pips) price change since the Technical Event at 102.000
Technical Analysis
We found a pattern called Hammer on 2022 Apr 21 at 20:00 GMT on a 30 minute chart suggesting the outlook is bullish for up to 12 hours.
A bullish event triggered for Slow Stochastics on 2022 Apr 22 at 00:30 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 fall 35 – 60 pips
Pivot
1.0875
Our preference
Short positions below 1.0875 with targets at 1.0805 & 1.0780 in extension.
Alternative scenario
Above 1.0875 look for further upside with 1.0895 & 1.0915 as targets.
Comment
The RSI calls for a new downleg.
GBP/USD
may fall 30 – 50 pips
Pivot
1.3055
Our preference
Short positions below 1.3055 with targets at 1.3000 & 1.2980 in extension.
Alternative scenario
Above 1.3055 look for further upside with 1.3075 & 1.3090 as targets.
Comment
The RSI advocates for further downside.
USD/CAD
may rise 50 – 80 pips
Pivot
1.2540
Our preference
Long positions above 1.2540 with targets at 1.2640 & 1.2670 in extension.
Alternative scenario
Below 1.2540 look for further downside with 1.2510 & 1.2485 as targets.
Comment
The RSI is bullish and calls for further upside.
Gold
may rise to 1958.00 – 1968.00
Pivot
1939.00
Our preference
Long positions above 1939.00 with targets at 1958.00 & 1968.00 in extension.
Alternative scenario
Below 1939.00 look for further downside with 1930.00 & 1923.00 as targets.
Comment
The RSI calls for a bounce.
Crude Oil (WTI)
may rise to 105.40 – 106.30
Pivot
102.00
Our preference
Long positions above 102.00 with targets at 105.40 & 106.30 in extension.
Alternative scenario
Below 102.00 look for further downside with 101.10 & 99.90 as targets.
Comment
The next resistances are at 105.40 and then at 106.30.
S&P 500 (CME)
may fall to 4294.00 – 4356.00
Pivot
4435.00
Our preference
Short positions below 4435.00 with targets at 4356.00 & 4294.00 in extension.
Alternative scenario
Above 4435.00 look for further upside with 4467.00 & 4484.00 as targets.
Comment
The RSI has broken down its 30 level.
Nasdaq 100 (CME)
may fall to 13280.00 – 13470.00
Pivot
13870.00
Our preference
Short positions below 13870.00 with targets at 13470.00 & 13280.00 in extension.
Alternative scenario
Above 13870.00 look for further upside with 14070.00 & 14300.00 as targets.
Comment
The RSI has broken down its 30 level.
Hang Seng (HKFE)
may fall to 19880.00 – 20150.00
Pivot
20550.00
Our preference
Short positions below 20550.00 with targets at 20150.00 & 19880.00 in extension.
Alternative scenario
Above 20550.00 look for further upside with 20700.00 & 20920.00 as targets.
Comment
The RSI has broken down its 30 level.
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.
