Technical Analysis with Candlestick Charts – 22 October 2021

Technical Analysis

Technical Analysis with Candlestick Charts – 22 October 2021

Asia Pacific stocks were mostly up on Friday morning. The Shanghai composite is down 0.25% at 3,585.03. Overall, the Singapore MSCI up 0.39% at 370.60. Over in Hong Kong, the Hang Seng Index up 0.21% at 26,026.00. In Japan, the Nikkei 225 up 0.49% at 28,870.00, while the Topix index is up 0.15% at 2004.0. South Korea’s Kospi down 0.04% to 3006.16. Australia S&P/ASX 200 flat at 7415.5.

European equities Thursday closing. The DAX futures contract in Germany traded down 0.32% at 15472.56, CAC 40 futures down 0.29% at 6686.18 and the UK 100 futures contract in the U.K. up 0.06% at 7,209.8.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.02% at 35603.09. The S&P 500 up 0.30% at 4549.79 and the Nasdaq 100 up 0.12% at 15415.8, NYSE closes at 17083.15 down 0.09%.

In the Forex market, GBPUSD flat at 1.379. The USDJPY down 0.01% at 113.960. The USDCHF down 0.08% at 0.9174. EURUSD up 0.10% at 1.1633, EUR/GBP up 0.13% at 0.84352. The USD/CNY up 0.01% at 6.3943 at the time of writing.

In the commodity market U.S. Gold futures up 0.54% at $1,792.51. Elsewhere, Silver futures up 0.64% to $24.30 per ounce, Platinum up 0.56% at $1055.86 per ounce, and Palladium up 1.09% at $2038.00.

Crude Oil down on Friday; Brent crude oil down 0.76% at $84.10 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.20% at $80.13.

In the Cryptocurrency Markets, BTCUSD at 62630.00 up 0.60%, Ethereum up 1.42% at 4113.61, Litecoin at 197.49 up 0.08%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

HP Inc. up 6.926% at $30.57, Netflix Inc. up 4.482% at $653.16, PayPal Holdings Inc. down 5.864% to $243.21, JD.Com Inc. down 1.824% to $83.97, Kraft Heinz Co. down 1.46% to $36.38, PepsiCo Inc. down 1.32% at $159.18.

Economic news:

US: A U.S. regulator on Thursday doled out a record reward of nearly $200 million to a whistle-blower who provided information for a case involving the rigging of crucial financial benchmarks, according to the agency and a law firm involved in the award.

The U.S. Commodity Futures Trading Commission (CFTC)announced the award in a statement on Thursday, but did not disclose the recipient or details about the case or the precise amount.

Law firm Kirby (NYSE:KEX) McInerney LLP said in a statement its client scored the record bounty after providing extensive information and documents in 2012 that “catalyzed” investigations by the CFTC and a foreign regulator into benchmark manipulation.

Eurozone: A record proportion of the British public thinks inflation will accelerate over the next 12 months, according to data that could further boost expectations that the Bank of England will raise interest rates next month.

Some 48% of people surveyed this month by consumer research firm GfK expected prices to increase more rapidly over the next 12 months, up from 34% in September, the figures seen exclusively by Reuters showed.

It marked the highest share since records began in January 1985, when Margaret Thatcher was prime minister and more than a decade before the BoE became operationally independent.

The surge in inflation expectations follows a month of rocketing gas prices that have caused the collapse of several British energy suppliers, leaving households faced with the prospect of hefty bills in 2022.

Global supply chain problems as the world economy reopens from COVID-19 lockdowns and labour shortages, exacerbated by Brexit, have added to Britain’s recent inflationary tilt.

Important Data: German Manufacturing PMI (Oct) today at 3:30 this time estimated 56.5, previously which was 58.4. EURO ZONE Markit Composite PMI (Oct) today at 4:00 this time estimated 55.2, previously which was 56.2. UK Manufacturing PMI (Oct) today at 4:30 previously which was 57.1. CANADA Core Retail Sales (MoM) (Aug) today at 8:30 this time estimated 2.8%, previously which was -1.0%.

TECHNICAL SUMMARY

GBPUSD

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 1.37846, TAKE PROFIT AT 1.38127 AND STOP LOSS AT 1.37634

EURUSD

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 1.16369, TAKE PROFIT AT 1.16633 AND STOP LOSS AT 1.16150

GBPJPY

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 157.255, TAKE PROFIT AT 157.623 AND STOP LOSS AT 156.918

CHFJPY

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 124.309, TAKE PROFIT AT 124.420 AND STOP LOSS AT 124.223.

EURO STOXX 50

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 4179.00 TAKE PROFIT AT 4194.00 AND STOP LOSS AT 4156.00

WTI CRUDE OIL

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 82.42 TAKE PROFIT AT 83.15 AND STOP LOSS AT 81.92

GOLD

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 1791.55, TAKE PROFIT AT 1798.36 AND STOP AT 1783.41

BTC USD

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 63157.27 TAKE PROFIT AT 62394.66 AND STOP AT 64231.95

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