Technical Analysis Report – 05 April 2021

Technical Analysis Report – 05 April 2021

Asian markets partially closed today. The Shanghai composite is up 1.93% at 3,484.39. Overall, the Singapore MSCI down 0.77% at 361.50. Over in Hong Kong, the Hang Seng Index up 0.40% to 28,931. In Japan, the Nikkei 225 up 0.53% at 30,090, while the Topix index is up 0.23% at 1981.5. South Korea’s Kospi up 0.26% to 3120.74. Australia S&P/ASX 200 up 0.07% at 6828.7.

European equities Thursday closing, Friday market was closed. The DAX futures contract in Germany traded up 2.43% at 15107.17, CAC 40 futures up 1.91% at 6103.0 and the UK 100 futures contract in the U.K. down 0.05% at 6,737.3.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.24% up at 33153.2, the S&P 500 up 1.14% to 4019.9 and the Nasdaq 100 up 2.70% at 13329.5, NYSE closes at 15752.24 up 0.44%.

In the Forex market, GBPUSD up 0.10% at 1.38311. The USDJPY flat at 110.642. The USDCHF up 0.22% at 0.94326. EURUSD down 0.06% at 1.17530, EUR/GBP down 0.01% at 0.84975. The USD/CNY up 0.36% at 6.5646, at the time of writing.

In the commodity market U.S Gold futures down 0.52% at $1,725.90. Elsewhere, Silver futures down 0.80% to $24.738 per ounce, Platinum down 0.27% at $1206.43 per ounce, and Palladium down 1.05% to $2,639.00.

Crude Oil mix on Monday; Brent crude oil down 0.91% to $64.06 barrel while U.S. West Texas Intermediate (CLc1) is up 0.47% at $61.81.

In the Cryptocurrency Markets, BTCUSD at 57240.98 down 1.67%, Ethereum at 2022.27 down 2.58%, Litecoin at 200.85 down 0.80%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

HESS Corp. up 5.257% at $74.48, TERADYNE Inc. up 5.86% at $128.81, MICRON TECH. up 4.761% at $92.41, TESLA Inc. down 0.925% at $661.75, MICROSOFT Corp. up 2.791% at $242.35, VISA Inc. up 2.423% at $216.86, APPLE Inc. down 0.696% at $123.00, BOEING Inc. down 0.696% at $252.96.

Economic news:

US: U.S. President Joe Biden would be willing to push through his $2 trillion infrastructure plan without the support of Republican lawmakers if he cannot reach a bipartisan deal, Energy Secretary Jennifer Granholm said on Sunday.

Granholm said Biden would prefer that his plan have Republican backing but, if that does not work, he would likely support using a procedural strategy called reconciliation to allow Democrats to pass it in the Senate.

“As he has said, he was sent to the presidency to do a job for America. And if the vast majority of Americans, Democrats and Republicans, across the country support spending on our country and not allowing us to lose the race globally, then he’s going to do that,” Granholm said on CNN’s “State of the Union.”

Most Americans currently support the Democratic president’s plan, said Granholm, one of several senior Biden administration officials who promoted the proposal on television news shows on Sunday.

Since taking office in January, the Democratic president has repeatedly said he wants to work with Republicans.

Eurozone: Britain’s organised crime agency is reviewing a report by a group of London-based lawyers which accuses Lebanon’s central bank governor Riad Salameh and associates of money laundering and corrupt practices, four sources familiar with the matter said.

The 76-page report, seen by Reuters, outlines what it says are assets, companies and investment vehicles in Britain worth hundreds of millions of pounds which it alleges Salameh, members of his family and his associates used over years to divert funds out of Lebanon.

Salameh, who has led Lebanon’s central bank since 1993, told Reuters he had read a copy of the report and described it as part of a smear campaign. “They are false allegations,” he said.

London-based legal practice Guernica37 submitted the report to British police late last year, two of the sources said. They said it was then referred to Britain’s National Crime Agency (NCA). The report was prepared on behalf a group from Lebanese civil society in the diaspora.

“We can confirm we have received that report, but we are not in a position to comment further,” a spokesman for the NCA said, declining to say whether an investigation had been launched. Two of the sources said NCA’s financial investigation unit was carrying out a scoping exercise, a form of preliminary investigation, to determine whether there were sufficient grounds to start a formal investigation.

Important Data: US Services PMI (Mar) today at 9:45 this time estimated 60.0, previously which was 59.80. US Markit Composite PMI (Mar) today at 9:45 previously which was 59.10. US ISM Non-Manufacturing PMI (Mar) today at 10:00 this time estimated 58.5, previously which was 55.30. JAPAN Average Hourly Earnings (YoY) (YoY) (Mar) today at 19:30 this time estimated 2.8%, previously which was -7.3%.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.38246, TAKE PROFIT AT 1.38477 AND STOP LOSS AT 1.38085

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.17449, TAKE PROFIT AT 1.17385 AND STOP LOSS AT 1.17580

USDJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 110.624, TAKE PROFIT AT 110.821 AND STOP LOSS AT 110.475

USDCHF

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 0.94307, TAKE PROFIT AT 0.94414 AND STOP LOSS AT 0.94156

DOW JONES

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 33350.00 TAKE PROFIT AT 33400.00 AND STOP LOSS AT 33265.00

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 60.44 TAKE PROFIT AT 59.82 AND STOP LOSS AT 61.69

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1727.64, TAKE PROFIT AT 1718.42 AND STOP AT 1745.51

BTCUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 57084 TAKE PROFIT AT 58396.09 AND STOP AT 55735.87

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