1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Apr 25 for the period of up to 12 hours
-0.364 (36.4 pips) price change since the Technical Event at 92.567

Technical Analysis

We found a pattern called Inside Bar (Bullish) on 2022 Apr 25 at 01:40 GMT on a 5 minute chart suggesting the outlook is bullish for up to 12 hours.

A bullish event triggered for Fast Stochastics on 2022 Apr 25 at 02:05 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.

CAD/JPY Bullish

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

Target
Opportunity recognized 2022 Apr 25 for the period of up to 12 hours
-0.140 (14 pips) price change since the Technical Event at 100.917

Technical Analysis

We found a pattern called Outside Bar (Bullish) on 2022 Apr 25 at 02:15 GMT on a 5 minute chart suggesting the outlook is bullish for up to 12 hours.

The RSI rose above 30 on 2022 Apr 25 at 02:30 GMT, telling us the price is starting to recover from being oversold.

2. Daily Analyst’s View

EUR/USD

may fall 18 – 48 pips

Pivot
1.0825

Our preference
Short positions below 1.0825 with targets at 1.0770 & 1.0740 in extension.

Alternative scenario
Above 1.0825 look for further upside with 1.0850 & 1.0875 as targets.

Comment
A break below 1.0770 would trigger a drop towards 1.0740.

GBP/USD

may fall 32 – 67 pips

Pivot
1.2855

Our preference
Short positions below 1.2855 with targets at 1.2765 & 1.2730 in extension.

Alternative scenario
Above 1.2855 look for further upside with 1.2885 & 1.2915 as targets.

Comment
The RSI has broken down its 30 level.

USD/CAD

may rise 21 – 51 pips

Pivot
1.2700

Our preference
Long positions above 1.2700 with targets at 1.2760 & 1.2790 in extension.

Alternative scenario
Below 1.2700 look for further downside with 1.2675 & 1.2650 as targets.

Comment
The RSI is bullish and calls for further advance.

Gold

may fall to 1900.00 – 1915.00

Pivot
1946.00

Our preference
Short positions below 1946.00 with targets at 1915.00 & 1900.00 in extension.

Alternative scenario
Above 1946.00 look for further upside with 1958.00 & 1968.00 as targets.

Comment
As long as 1946.00 is resistance, likely decline to 1915.00.

Crude Oil (WTI)

may fall to 95.80 – 97.90

Pivot
101.75

Our preference
Short positions below 101.75 with targets at 97.90 & 95.80 in extension.

Alternative scenario
Above 101.75 look for further upside with 103.00 & 104.20 as targets.

Comment
The RSI has broken down its 30 level.

S&P 500 (CME)

may fall to 4154.00 – 4195.00

Pivot
4325.00

Our preference
Short positions below 4325.00 with targets at 4195.00 & 4154.00 in extension.

Alternative scenario
Above 4325.00 look for further upside with 4398.00 & 4435.00 as targets.

Comment
The RSI has broken down its 30 level.

Nasdaq 100 (CME)

may fall to 12970.00 – 13120.00

Pivot
13610.00

Our preference
Short positions below 13610.00 with targets at 13120.00 & 12970.00 in extension.

Alternative scenario
Above 13610.00 look for further upside with 13780.00 & 13960.00 as targets.

Comment
As long as the resistance at 13610.00 is not surpassed, the risk of the break below 13120.00 remains high.

Hang Seng (HKFE)

may fall to 19880.00 – 20170.00

Pivot
20700.00

Our preference
Short positions below 20700.00 with targets at 20170.00 & 19880.00 in extension.

Alternative scenario
Above 20700.00 look for further upside with 20920.00 & 21060.00 as targets.

Comment
The RSI is bearish and calls 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.