Technical Analysis Report Today – 02 August 2021

Technical Analysis

Technical Analysis Report Today – 02 August 2021

Asia Pacific stocks were mostly up on Monday morning. The Shanghai composite is up 1.51% at 3,448.78. Overall, the Singapore MSCI down 1.05% at 357.10. Over in Hong Kong, the Hang Seng Index up 1.12% at 26,191. In Japan, the Nikkei 225 up 1.61% at 27,790, while the Topix index is up 1.84% at 1940.0. South Korea’s Kospi up 1.54% to 3220.01. Australia S&P/ASX 200 up 1.34% at 7492.2.

European equities Friday closing. The DAX futures contract in Germany traded down 0.61% at 15544.39, CAC 40 futures down 0.32% at 6612.77 and the UK 100 futures contract in the U.K. down 0.66% at 7,032.31.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.42% at 34935.48. The S&P 500 down 0.54% to 4395.27 and the Nasdaq 100 up 0.45% at 15043.7, NYSE closes at 16602.28 down 0.57%.

In the Forex market, GBPUSD flat at 1.39041. The USDJPY down 0.02% at 109.66. The USDCHF up 0.07% at 0.9058. EURUSD up 0.03% at 1.1870, EUR/GBP up 0.10% at 0.85372. The USD/CNY up 0.04% at 6.4636, at the time of writing.

In the commodity market U.S. Gold futures down 0.26% at $1,809.63. Elsewhere, Silver futures up 0.06% to $25.47 per ounce, Platinum up 0.45% at $1053.72 per ounce, and Palladium up 0.61% to $2,676.15.

Crude Oil mix on Monday; Brent crude oil down 0.80% at $74.56 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.37% at $73.56.

In the Cryptocurrency Markets, BTCUSD at 39692.64 down 0.36%, Ethereum at 2554.37 down 0.08%, Litecoin at 141.97 up 1.05%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Dexcom Inc. up 13.038% at $515.51, KLA Corp. up 8.994% at $348.16, Equinix Inc. up 4.327% to $820.41, ETSY Inc. down 7.775% to $183.51, eBay Inc. down 7.084% to $68.21, Carnival Corp. down 4.668% at $21.65.

Economic news:

US: Democratic leaders in the U.S. House of Representatives on Sunday called on the Biden administration to immediately extend a moratorium on housing evictions through Oct. 18.

The moratorium, related to the coronavirus pandemic, expired at midnight on Saturday. The request was made through a statement by House Speaker Nancy Pelosi and other top leaders.

“House leadership is calling on the administration to immediately extend the moratorium,” the Democratic leaders said.

President Joe Biden on Thursday asked Congress to extend the deadline, citing the COVID-19 Delta variant that is taking hold in the United States.

But Congress, possibly lacking the votes to approve such an extension, failed to act after a Republican lawmaker blocked a move in the House to immediately bring up a bill under the unanimous consent of the chamber.

Eurozone: Britain is nearing an agreement in principle on a free trade deal with New Zealand, its trade ministry said on Saturday, as London looks to bolster its post-Brexit trade ties with non-EU partners.

The European Union is Britain’s single largest trade partner and the two sides have signed a post-Brexit trade pact, but business groups say they still face extra red tape dealing with European customers and suppliers as a result of Brexit.

Trade minister Liz Truss said that “great progress” had been made in a sixth round of discussions which ran from July 19-30.

A trade agreement with New Zealand could see the removal of tariffs on British and New Zealand goods making products available at lower prices, the ministry said.

Important Data: Germany Manufacturing PMI (Jul) today at 3:55 this time estimated 65.6, previously which was 65.6. UK Manufacturing PMI (Jul) today at 4:30 this time estimated 60.4, previously which was 63.9. US ISM Manufacturing PMI (Jul) today at 10:00 this time estimated 60.9, previously which was 60.6. AUSTRALIA Building Approvals (MoM) (Jun) today at 21:30 this time estimated -4.5%, previously which was -7.1%.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.39087, TAKE PROFIT AT 1.39265 AND STOP LOSS AT 1.38829

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.18692, TAKE PROFIT AT 1.19041 AND STOP LOSS AT 1.18463

USDJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 109.615, TAKE PROFIT AT 109.449 AND STOP LOSS AT 109.783

USDCHF

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.90628, TAKE PROFIT AT 0.90534 AND STOP LOSS AT 0.90743

CAC 40

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 6656.8 TAKE PROFIT AT 6663.9 AND STOP LOSS AT 6627.40

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 73.21 TAKE PROFIT AT 74.16 AND STOP LOSS AT 72.78

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1807.89, TAKE PROFIT AT 1801.84 AND STOP AT 1812.77

LITECOIN USD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 145.95 TAKE PROFIT AT 153.95 AND STOP AT 135.70

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