Technical Analysis Report Today – 14 June 2021

Technical Analysis Report Today – 14 June 2021

Asia Pacific stocks were mixed Monday morning. The Shanghai composite is down 0.58% at 3,589.74. Overall, the Singapore MSCI down 0.11% at 358.95. Over in Hong Kong, the Hang Seng Index down 0.31% to 28,717. In Japan, the Nikkei 225 up 0.66% at 29,070, while the Topix index is up 0.38% at 1956.0. South Korea’s Kospi up 0.02% to 3251.16. Australia S&P/ASX 200 up 0.13% at 7312.3.

European equities Friday closing. The DAX futures contract in Germany traded 0.78% up at 15693.27, CAC 40 futures up 0.83% at 6600.67 and the UK 100 futures contract in the U.K. up 0.65% at 7,134.07.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.06% at 34479.61 the S&P 500 up 0.19% to 4247.45 and the Nasdaq 100 up 0.21% at 14028.1, NYSE closes at 16694.93 up 0.26%.

In the Forex market, GBPUSD flat at 1.41120. The USDJPY up 0.10% at 109.761. The USDCHF up 0.12% at 0.89884. EURUSD down 0.08% at 1.20985, EUR/GBP down 0.06% at 0.85737. The USD/CNY flat at 6.3967, at the time of writing.

In the commodity market U.S. Gold futures down 0.73% at $1,862.94. Elsewhere, Silver futures down 0.17% to $27.830 per ounce, Platinum down 0.36% at $1146.01 per ounce, and Palladium down 0.24% to $2,769.24.

Crude Oil up on Monday; Brent crude oil up 0.66% to $73.08 barrel while U.S. West Texas Intermediate (CLc1) is up 0.43% at $70.01.

In the Cryptocurrency Markets, BTCUSD at 39137.07 up 0.35%, Ethereum at 2482.04 down 1.13%, Litecoin at 168.66 down 1.32%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
Top 5 Stock

NASDAQ Inc. up 2.726% at $172.95, NVIDIA Corp. up 2.297% at $713.01, PFIZER Inc. down 1.303% to $40.15, CATERPILLAR Inc. down 2.228% to $220.70, DOCUSIGN Inc. up 4.085% to $253.01, OKTA Inc. up 1.918% at $226.38.

Economic news:

US: Western democracies are in a race to compete with autocratic governments, U.S. President Joe Biden said on Sunday.

“We’re in a contest, not with China per se, … with autocrats, autocratic governments around the world, as to whether or not democracies can compete with them in a rapidly changing 21st century,” Biden told a news conference at the conclusion of a Group of Seven leaders’ summit in Britain.

On China specifically, Biden said: “I think you’re gonna see just straightforward dealing with China.

“As I’ve told Xi Jinping myself, I’m not looking for conflict. Where we cooperate, we’ll cooperate; where we disagree I’m going to state this frankly, and we are going to respond to actions that are inconsistent.”

Eurozone: German Chancellor Angela Merkel on Sunday said she hoped that a new Group of Seven task force can present first infrastructure projects in developing countries in 2022.

The world’s seven most advanced economies signalled during the summit a desire to build a rival to China’s multitrillion-dollar Belt and Road initiative.

U.S. President Joe Biden and other G7 leaders hope their plan, known as the Build Back Better World (B3W) initiative, will help narrow the $40 trillion needed by developing nations by 2035, the White House said.

It was not immediately clear how exactly the plan would work or how much capital it would ultimately allocate.

The G7 had recognised that they had to deliver support for the development of poorer countries, Merkel said at a news conference.

“For countries in need of development, only concrete projects count,” she said. “I hope that we will be able to present such projects already during the next G7 summit, which will be in Germany.”

Germany will take over the G7 presidency from Britain next year.

Important Data: EURO ZONE Industrial Production (MoM) (Apr) today at 5:00 this time estimated 0.4%, previously which was 0.1%. SWITZERLAND PPI (MoM) (May) today at 2:30 previously which was 0.7%. UK BoE Gov Bailey Speaks today at 9:00. CANADA Manufacturing Sales (MoM) (Apr) today at 8:30 this time estimated -1.0%, previously which was 3.5%.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.41088, TAKE PROFIT AT 1.40884 AND STOP LOSS AT 1.41299

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.20958, TAKE PROFIT AT 1.20741 AND STOP LOSS AT 1.21216

GBPJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 154.868, TAKE PROFIT AT 154.492 AND STOP LOSS AT 155.172

CHFJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 122.075, TAKE PROFIT AT 122.211 AND STOP LOSS AT 122.000

FTSE 100

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 7149.6 TAKE PROFIT AT 7200 AND STOP LOSS AT 7082.0

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 71.20 TAKE PROFIT AT 72.24 AND STOP LOSS AT 70.32

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1863.79, TAKE PROFIT AT 1852.72 AND STOP AT 1872.23

LITECOIN

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 169.58 TAKE PROFIT AT 164.24 AND STOP AT 175.39

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