Technical Analysis Report Today – 15 September 2021

Technical Analysis

Technical Analysis Report Today – 15 September 2021

Asia Pacific stocks were down on Wednesday morning. The Shanghai composite is down 0.55% at 3,642.57. Overall, the Singapore MSCI down 0.58% at 352.05. Over in Hong Kong, the Hang Seng Index down 1.54% at 25,055. In Japan, the Nikkei 225 down 0.16% at 30,350, while the Topix index is down 0.79% at 2082.5. South Korea’s Kospi up 0.15% to 3153.40. Australia S&P/ASX 200 down 0.27% at 7417.0.

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.14% at 15722.99, CAC 40 futures down 0.36% at 6652.98 and the UK 100 futures contract in the U.K. up 0.01% at 7,024.30.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.84% at 34577.58. The S&P 500 down 0.57% at 4443.05 and the Nasdaq 100 up 0.11% at 15422.30, NYSE closes at 16497.23 down 0.83%.

In the Forex market, GBPUSD up 0.15% at 1.38229. The USDJPY down 0.17% at 109.502. The USDCHF down 0.06% at 0.9195. EURUSD up 0.03% at 1.18057, EUR/GBP down 0.05% at 0.85393. The USD/CNY up 0.01% at 6.4385 at the time of writing.

In the commodity market U.S. Gold futures down 0.08% at $1,802.64. Elsewhere, Silver futures down 0.50% to $23.72 per ounce, Platinum down 1.01% at $931.26 per ounce, and Palladium down 0.42% at $1,968.16.

Crude Oil up on Wednesday; Brent crude oil up 0.24% at $74.10 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.01% at $70.06.

In the Cryptocurrency Markets, BTCUSD at 46946.31 down 0.33%, Ethereum down 1.52% at 3384.45, Litecoin at 181.20 down 0.99%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Moderna Inc. up 1.904% at $427.71, Marriott International Inc. up 1.686% at $142.34, MSCI Inc. up 1.558% to $653.27, Comcast Corp. down 7.304% to $55.59, JD.Com Inc. down 2.832% to $77.9, Fiserv Inc. down 2.435% at $107.39.

Economic news:

US: The U.S. House Energy and Commerce Committee voted on Tuesday to give the Federal Trade Commission $1 billion to set up a bureau dedicated to improving data security and privacy and fighting identity theft.

The proposal, which Democrats included in a $3.5 trillion spending measure, would fund a new bureau over 10 years to address “unfair or deceptive acts or practices relating to privacy, data security, identity theft, data abuses, and related matters,” according to a summary released by the panel.

The committee began work on the wide-ranging spending proposal on Monday and was continuing to work on Tuesday evening.

The FTC, which enforces antitrust law, has picked up the job of pushing corporations to better protect consumer data and privacy as it enforces rules against deceptive practices.

Eurozone: British inflation hit a more than nine-year high last month after the biggest monthly jump in the annual rate in at least 24 years, largely due to a one-off boost reflecting the “Eat Out to Help Out” scheme that pushed down restaurant meal prices last year.

Consumer prices rose by 3.2% in annual terms last month after a 2.0% rise in July, the highest rate since March 2012, the Office for National Statistics said.

The 1.2 percentage point rise in the annual rate of inflation in the space of a month marked the sharpest such increase since detailed records started in 1997.

A Reuters poll of economists had pointed to a reading of 2.9% for August.

“Much of this (increase) is likely to be temporary as last year restaurant and café prices fell substantially due to the ‘Eat Out to Help Out’ scheme, while this year prices rose,” said ONS statistician Jonathan Athow.

Important Data: EURO ZONE Industrial Production (MoM) (Jul) today at 8:30 this time estimated 0.6%, previously which was -0.3%. CANADA Core CPI (MoM) (Aug) today at 8:30 previously which was 0.6%. US Crude Oil Inventories today at 10:30 this time estimated -3.544M, previously which was -1.529M. US Cushing Crude Oil Inventories today at 10:30 previously which was 1.918M.

TECHNICAL SUMMARY

GBPUSD

GBPUSD Technical Analysis
GBPUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.38318, TAKE PROFIT AT 1.38568 AND STOP LOSS AT 1.38135

EURUSD

EURUSD Technical Analysis
EURUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.1810, TAKE PROFIT AT 1.1842 AND STOP LOSS AT 1.1795

EURGBP

EURGBP Technical Analysis
EURGBP Technical Analysis

TRADE SUGGESTION- SELL AT 0.85365, TAKE PROFIT AT 0.85276 AND STOP LOSS AT 0.85483

EURJPY

EURJPY Technical Analysis
EURJPY Technical Analysis

TRADE SUGGESTION- SELL AT 129.311, TAKE PROFIT AT 129.129 AND STOP LOSS AT 129.546

CAC 40

CAC 40 Technical Analysis
CAC 40 Technical Analysis

TRADE SUGGESTION- SELL AT 6635.3 TAKE PROFIT AT 6614.8 AND STOP LOSS AT 6655.7

WTI CRUDE OIL

WTI CRUDE OIL Technical Analysis
WTI CRUDE OIL Technical Analysis

TRADE SUGGESTION- BUY AT 71.11 TAKE PROFIT AT 71.90 AND STOP LOSS AT 70.54

GOLD

GOLD Technical Analysis
GOLD Technical Analysis

TRADE SUGGESTION- BUY AT 1801.24, TAKE PROFIT AT 1808.52 AND STOP AT 1794.46

BTCUSD

BTCUSD Technical Analysis
BTCUSD Technical Analysis

TRADE SUGGESTION- BUY AT 46993.57 TAKE PROFIT AT 48022.51 AND STOP AT 45973.39

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