1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

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

Target
Opportunity recognized 2022 Apr 27 for the period of up to 48 hours
+0.407 (40.7 pips) price change since the Technical Event at 91.301

Technical Analysis

We found a pattern called Megaphone Bottom on 2022 Apr 27 at 03:00 GMT on a 15 minute chart, providing a target price for up to 48 hours in the range of 92.050 to 92.250.

The price crossed above its moving average on 2022 Apr 27 at 05:00 GMT signaling a new uptrend has been established.

CAD/JPY Bullish

Image Features: forms “Hammer (Bullish)” pattern

Target
Opportunity recognized 2022 Apr 27 for the period of up to 12 hours
+0.083 (8.3 pips) price change since the Technical Event at 99.835

Technical Analysis

We found a pattern called Hammer on 2022 Apr 27 at 05:00 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The faster moving average crossed above the slower moving average on 2022 Apr 27 at 03:30 GMT, signaling a new uptrend has been established.

2. Daily Analyst’s View

EUR/USD

may fall 17 – 37 pips

Pivot
1.0670

Our preference
Short positions below 1.0670 with targets at 1.0610 & 1.0590 in extension.

Alternative scenario
Above 1.0670 look for further upside with 1.0695 & 1.0720 as targets.

Comment
The RSI shows downside momentum.

GBP/USD

may fall 45 – 75 pips

Pivot
1.2625

Our preference
Short positions below 1.2625 with targets at 1.2555 & 1.2525 in extension.

Alternative scenario
Above 1.2625 look for further upside with 1.2660 & 1.2700 as targets.

Comment
The RSI is mixed to bearish.

USD/CAD

may rise 12 – 37 pips

Pivot
1.2770

Our preference
Long positions above 1.2770 with targets at 1.2830 & 1.2855 in extension.

Alternative scenario
Below 1.2770 look for further downside with 1.2745 & 1.2715 as targets.

Comment
A support base at 1.2770 has formed and has allowed for a temporary stabilisation.

Gold

may fall to 1878.00 – 1891.00

Pivot
1909.00

Our preference
Short positions below 1909.00 with targets at 1891.00 & 1878.00 in extension.

Alternative scenario
Above 1909.00 look for further upside with 1920.00 & 1929.00 as targets.

Comment
A break below 1891.00 would trigger a drop towards 1878.00.

Crude Oil (WTI)

may rise to 103.50 – 105.30

Pivot
99.90

Our preference
Long positions above 99.90 with targets at 103.50 & 105.30 in extension.

Alternative scenario
Below 99.90 look for further downside with 98.70 & 97.50 as targets.

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

S&P 500 (CME)

may fall to 4090.00 – 4137.00

Pivot
4217.00

Our preference
Short positions below 4217.00 with targets at 4137.00 & 4090.00 in extension.

Alternative scenario
Above 4217.00 look for further upside with 4300.00 & 4361.00 as targets.

Comment
As long as the resistance at 4217.00 is not surpassed, the risk of the break below 4137.00 remains high.

Nasdaq 100 (CME)

may fall to 12650.00 – 12800.00

Pivot
13225.00

Our preference
Short positions below 13225.00 with targets at 12800.00 & 12650.00 in extension.

Alternative scenario
Above 13225.00 look for further upside with 13580.00 & 13780.00 as targets.

Comment
As long as the resistance at 13225.00 is not surpassed, the risk of the break below 12800.00 remains high.

Hang Seng (HKFE)

may rise to 20270.00 – 20450.00

Pivot
19790.00

Our preference
Long positions above 19790.00 with targets at 20270.00 & 20450.00 in extension.

Alternative scenario
Below 19790.00 look for further downside with 19620.00 & 19420.00 as targets.

Comment
The RSI calls for a rebound.

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.