1. Daily technical analysis of selected currency pairs



AUD/JPY Bullish

Image Features: forms “Engulfing Line (Bullish)” pattern

Target
Opportunity recognized 2021 Nov 18 for the period of up to 12 hours
-0.065 (6.5 pips) price change since the Technical Event at 82.778

Technical Analysis

We found a pattern called Engulfing Line (Bullish) on 2021 Nov 18 at 02:30 GMT on a 15 minute chart suggesting the outlook is bullish for up to 12 hours.

The RSI rose above 30 on 2021 Nov 18 at 02:30 GMT, telling us the price is starting to recover from being oversold.

CAD/JPY Bearish

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

Target
Opportunity recognized 2021 Nov 18 for the period of up to 12 hours
-0.230 (23 pips) price change since the Technical Event at 90.570

Technical Analysis

We found a pattern called Hanging Man on 2021 Nov 18 at 00:30 GMT on a 15 minute chart suggesting the outlook is bearish for up to 12 hours.

On 2021 Nov 18 at 02:00 GMT, the 4-bar Moving Average crossed below the 9-bar MA which crossed below the 18-bar MA, signaling a new downtrend has been established.

2. Daily Analyst’s View



EUR/USD

may rise 23 – 38 pips

Pivot
1.1290

Our preference
Long positions above 1.1290 with targets at 1.1340 & 1.1355 in extension.

Alternative scenario
Below 1.1290 look for further downside with 1.1275 & 1.1260 as targets.

Comment
A support base at 1.1290 has formed and has allowed for a temporary stabilisation.

GBP/USD

may rise 30 – 50 pips

Pivot
1.3450

Our preference
Long positions above 1.3450 with targets at 1.3520 & 1.3540 in extension.

Alternative scenario
Below 1.3450 look for further downside with 1.3430 & 1.3410 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/CAD

may rise 30 – 50 pips

Pivot
1.2570

Our preference
Long positions above 1.2570 with targets at 1.2640 & 1.2660 in extension.

Alternative scenario
Below 1.2570 look for further downside with 1.2540 & 1.2520 as targets.

Comment
The RSI is bullish and calls for further advance.

Gold

may rise to 1877.00 – 1885.00

Pivot
1857.00

Our preference
Long positions above 1857.00 with targets at 1877.00 & 1885.00 in extension.

Alternative scenario
Below 1857.00 look for further downside with 1848.00 & 1840.00 as targets.

Comment
The RSI is mixed with a bullish bias.

Crude Oil (WTI)

may fall to 75.70 – 76.50

Pivot
78.30

Our preference
Short positions below 78.30 with targets at 76.50 & 75.70 in extension.

Alternative scenario
Above 78.30 look for further upside with 78.95 & 79.50 as targets.

Comment
The RSI is mixed with a bearish bias.

S&P 500 (CME)

may rise to 4710.00 – 4728.00

Pivot
4680.00

Our preference
Long positions above 4680.00 with targets at 4710.00 & 4728.00 in extension.

Alternative scenario
Below 4680.00 look for further downside with 4670.00 & 4658.00 as targets.

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

Nasdaq 100 (CME)

may rise to 16440.00 – 16530.00

Pivot
16270.00

Our preference
Long positions above 16270.00 with targets at 16440.00 & 16530.00 in extension.

Alternative scenario
Below 16270.00 look for further downside with 16190.00 & 16100.00 as targets.

Comment
The RSI is around its neutrality area at 50%.

Hang Seng (HKFE)

may fall to 25000.00 – 25180.00

Pivot
25605.00

Our preference
Short positions below 25605.00 with targets at 25180.00 & 25000.00 in extension.

Alternative scenario
Above 25605.00 look for further upside with 25740.00 & 25890.00 as targets.

Comment
The RSI advocates for further downside.

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.