Technical Analysis with Candlestick Charts – 23 November 2021

LITECOIN USD Technical Analysis

Technical Analysis with Candlestick Charts – 23 November 2021

Asia Pacific stocks were mostly down on Tuesday morning. The Shanghai Composite is up 0.19% at 3,588.20. Overall, the Singapore MSCI is down 0.31% at 365.75. Over in Hong Kong, the Hang Seng Index down 1.08% at 24,655.00. In Japan, the Nikkei 225 flat at 29,680.00, while the Topix index is flat at 2041.0. South Korea’s Kospi down 0.50% to 2998.12. Australia S&P/ASX 200 up 0.78% at 7410.6.

European equities Monday closing. The DAX futures contract in Germany traded down 0.27% at 16115.69, CAC 40 futures down 0.10% at 7105.01 and the UK 100 futures contract in the U.K. up 0.44% at 7,255.47.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.05% at 35619.26. The S&P 500 down 0.32% at 4682.95 and the Nasdaq 100 down 1.16% at 16380.98, NYSE closes down 0.17% at 16945.77.

In the Forex market, GBPUSD down 0.09% at 1.3384. The USDJPY up 0.21% at 115.105. The USDCHF up 0.05% at 0.9325. EURUSD down 0.01% at 1.1233, EUR/GBP up 0.10% at 0.83927. The USD/CNY up 0.02% at 6.3857 at the time of writing.

In the commodity market U.S. Gold futures up 0.08% at $1,805.62. Elsewhere, Silver futures down 0.55% to $24.030 per ounce, Platinum up 0.10% at $1011.90 per ounce, and Palladium up 1.30% at $1980.50.

Crude Oil mix on Tuesday; Brent crude oil down 0.57% at $79.03 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.15% at $81.01.

In the Cryptocurrency Markets, Bitcoin at 56322.35 up 0.05%, Ethereum up 1.07% at 4137.89, Litecoin at 208.00 down 0.61%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Moderna Inc. up 7.169% at $282.69, Ford Motor Co. up 5.62% at $20.48, General Motors Co. up 3.657% to $64.06, ETSY Inc. down 5.143% to $279.24, Mastercard Inc. down 5.422% to $321.3, Fiserv Inc. down 4.347% at $95.71.

Economic news:

US: U.S. home sales unexpectedly rose in October, reaching their highest level in nine months, though higher prices amid tight supply continued to sideline first-time buyers from the market.

The report from the National Association of Realtors on Monday also showed an increase in the share of investors buying homes last month, likely reflecting growing demand for rental accommodation as the economy reverts to normal, thanks to vaccinations against COVID-19.

“Home sales remain resilient given the extremely tight supply of homes for sale,” said Shannon Brobst, an economist at Moody’s (NYSE:MCO) Analytics in West Chester, Pennsylvania. “Potential home buyers will continue to find it challenging to find a home that meets their budget.”

Existing home sales rose 0.8% to a seasonally adjusted annual rate of 6.34 million units last month. The second straight monthly increase lifted sales to their highest level since January. Economists polled by Reuters had forecast sales falling to a rate of 6.20 million units.

Eurozone: A resurgence of COVID cases and a jump in inflation do not at this point warrant a change in ECB plans to wind down emergency bond purchases in March, ECB policymaker Francois Villeroy de Galhau said on Monday.

With the European Central Bank’s 1.85-trillion-euro Pandemic Emergency Purchase Programme (PEPP) due to expire in March, the ECB is due to decide in December on the its future and another one in place since 2015.

“I don’t think current developments change this assessment. From today’s perspective, we should end PEPP net purchases in March 2022,” Villeroy said in an interview with German newspaper Boersen Zeitung.

Since financial markets were largely anticipating its end in March, there was little reason to fear disruptive “cliff effects” when it does, he said.

While a jump in COVID cases in some euro zone countries is clouding the economic outlook, a surge in inflation this year has prompted warnings from ECB hawks to not keep monetary policy too loose too long.

Important Data: US Manufacturing PMI (Nov) today at 9:45 this time estimated 59.0, previously which was 58.4. US Services PMI (Nov) at 9:45 this time estimated 59.0, previously which was 58.7. JAPAN Services PMI (Nov) today at 19:30 previously which was 50.7. UK Manufacturing PMI (Oct) today at 4:30 this time estimated 56.3, previously which was 57.8.

TECHNICAL SUMMARY

GBPUSD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.33832, TAKE PROFIT AT 1.33557 AND STOP LOSS AT 1.34018

EURUSD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.12367, TAKE PROFIT AT 1.12278 AND STOP LOSS AT 1.12470

EURGBP Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.8393, TAKE PROFIT AT 0.8382 AND STOP LOSS AT 0.8402

EURJPY Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 129.330, TAKE PROFIT AT 128.535 AND STOP LOSS AT 129.825.

DAX 30 Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 16014.00 TAKE PROFIT AT 15928.50 AND STOP LOSS AT 16089.70

WTI CRUDE OIL Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 75.63 TAKE PROFIT AT 74.90 AND STOP LOSS AT 76.63

GOLD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1808.26, TAKE PROFIT AT 1795.77 AND STOP AT 1819.25

LITECOIN USD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 206.64 TAKE PROFIT AT 201.19 AND STOP AT 211.59

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