Technical Analysis with Candlestick Charts – 15 November 2021

Technical Analysis

Technical Analysis with Candlestick Charts – 15 November 2021

Asia Pacific stocks were mixed on Monday morning. The Shanghai Composite is down 0.16% at 3,533.06. Overall, the Singapore MSCI is up 0.08% at 369.60. Over in Hong Kong, the Hang Seng Index down 0.15% at 25,271.00. In Japan, the Nikkei 225 up 0.54% at 29,760.00, while the Topix index is up 0.42% at 2047.0. South Korea’s Kospi up 1.11% to 3001.63. Australia S&P/ASX 200 up 0.36% at 7470.1.

European equities Friday closing. The DAX futures contract in Germany traded up 0.07% at 16094.07, CAC 40 futures up 0.45% at 7091.41 and the UK 100 futures contract in the U.K. down 0.05% at 7,344.50.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.50% at 36100.32. The S&P 500 up 0.72% at 4682.86 and the Nasdaq 100 up 0.17% at 16238.0, NYSE closes up 0.45% at 17297.65.

In the Forex market, GBPUSD up 0.20% at 1.34383. The USDJPY down 0.02% at 113.832. The USDCHF down 0.17% at 0.91955. EURUSD up 0.15% at 1.14605, EUR/GBP up 0.01% at 0.85292. The USD/CNY up 0.03% at 6.3794 at the time of writing.

In the commodity market, U.S. Gold futures are down 0.40% at $1,857.13. Elsewhere, Silver futures down 1.21% to $24.998 per ounce, Platinum down 1.11% at $1070.4 per ounce, and Palladium down 1.31% at $2082.93.

Crude Oil down on Monday; Brent crude oil down 0.35% at $81.65 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.39% at $81.87.

In the Cryptocurrency Markets, BTCUSD at 65746.18 up 0.36%, Ethereum up 1.55% at 4702.70, Litecoin at 275.28 down 1.47%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. up 7.425% at $272.15, Netflix Inc. up 3.806% at $682.61,

Micron Technology Inc. up 3.689% to $77.30, Whirlpool Corp. up 3.187% to $232.17, Tesla Inc. down 2.829% to $1,033.42, NetApp Inc. down 2.328% at $89.79.

Economic news:

US: U.S. President Joe Biden’s economic advisers defended his policies on Sunday amid rising inflation that they said was a global issue related to the COVID-19 pandemic, not a result of the administration’s programs.

U.S. consumer prices last week posted their biggest annual gain in 31 years, driven by surges in the cost of gasoline and other goods. Republicans have pounced on inflation worries, claiming that the increase reflects Biden’s sweeping spending agenda.

“There’s no doubt inflation is high right now. It’s affecting Americans’ pocketbooks. It’s affecting their outlook,” Brian Deese, director of the White House National Economic Council, said on NBC’s “Meet the Press.” “But it’s important that we put this in context. When the president took office, we were facing an all-out economic crisis.”

The United States is hardly alone in enduring a bout of stiff inflation, with the Organization for Economic Cooperation and Development showing inflation running high across its 38 member countries and oil prices quadrupling in the last 18 months as economies reopened from COVID-19 shutdowns.

Eurozone: British private-sector employers expect to raise staff pay by an average of 2.5% over the next 12 months, well below the likely rate of inflation, according to a survey that could ease worries at the Bank of England about the risk of a wage-price spiral.

The quarterly figures from the Chartered Institute of Personnel and Development (CIPD) suggested companies were taking only cautious steps to battle growing recruitment difficulties.

The CIPD said the median annual pay settlement which private-sector employers plan to offer between September 2021 and the same month next year had risen to 2.5% from 2.2% in its previous quarterly survey, its highest since the summer of 2019.

The BoE has said it is looking closely at the labor market as it considers whether to raise interest rates from their all-time, coronavirus-emergency low.

The BoE forecast this month that consumer price inflation would peak at nearly 5% in the second quarter of next year.

Important Data: JAPAN Tertiary Industry Activity Index (MoM) today at 23:30 previously which was -1.7%. CANADA Wholesale Sales (MoM) (Sep) at 8:30 this time estimated 1.1%, previously which was 0.43%. EUROZONE Trade Balance (Sep) today at 5:00 this time estimated 6.5B, previously which was 4.8B. EUROZONE ECB President Lagarde Speaks today at 5:00.

TECHNICAL SUMMARY

GBPUSD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.34292, TAKE PROFIT AT 1.34074 AND STOP LOSS AT 1.34678

EURUSD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.14555, TAKE PROFIT AT 1.14381 AND STOP LOSS AT 1.14741

EURGBP Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 0.8526, TAKE PROFIT AT 0.8541 AND STOP LOSS AT 0.8517

EURJPY Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 130.554, TAKE PROFIT AT 130.333 AND STOP LOSS AT 130.724.

NASDAQ 100 Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 16215.49 TAKE PROFIT AT 16387.48 AND STOP LOSS AT 16112.39

WTI CRUDE OIL Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 80.14 TAKE PROFIT AT 79.39 AND STOP LOSS AT 80.75

GOLD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1860.10, TAKE PROFIT AT 1868.23 AND STOP AT 1854.85

BTC USD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 65531.03 TAKE PROFIT AT 66210.54 AND STOP AT 65105.90

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