Technical Analysis Report Today – 17 August 2021

Technical Analysis

Technical Analysis Report Today – 17 August 2021

Asian shares declined in early trade on Tuesday. The Shanghai composite is down 1.76% at 3,455.80. Overall, the Singapore MSCI down 1.09% at 358.50. Over in Hong Kong, the Hang Seng Index down 1.61% at 25,670. In Japan, the Nikkei 225 down 0.40% at 27,360, while the Topix index is down 0.49% at 1912.5. South Korea’s Kospi down 0.95% to 3141.10. Australia S&P/ASX 200 down 0.85% at 7517.9.

European equities Monday closing. The DAX futures contract in Germany traded down 0.32% at 15925.73, CAC 40 futures down 0.83% at 6837.78 and the UK 100 futures contract in the U.K. down 0.65% at 7,126.5.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.31% at 35625.41. The S&P 500 up 0.26% to 4479.72 and the Nasdaq 100 up 0.03% at 15140.77, NYSE closes at 16836.74 down 0.19%.

In the Forex market, GBPUSD down 0.22% at 1.38103. The USDJPY up 0.12% at 109.327. The USDCHF up 0.07% at 0.91281. EURUSD down 0.11% at 1.17639, EUR/GBP up 0.29% at 0.85183. The USD/CNY up 0.11% at 6.4811, at the time of writing.

In the commodity market U.S. Gold futures up 0.26% at $1,791.58. Elsewhere, Silver futures up 0.23% to $23.899 per ounce, Platinum down 0.20% at $1023.46 per ounce, and Palladium down 0.66% at $2,588.88.

Crude Oil down on Tuesday; Brent crude oil down 0.37% at $69.30 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.56% at $69.18.

In the Cryptocurrency Markets, BTCUSD at 46027.40 up 0.25%, Ethereum at 3172.51 up 0.82%, Litecoin at 179.33 up 0.32%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Dexcom Inc. up 3.006% at $506.18, Anthem Inc. up 2.422% at $376.39, Tesla Inc. down 4.323% to $686.17, Moderna Inc. down 4.084% to $373.86, Hess Corp. down 3.546% to $67.46, Marathon Oil Corp. down 3.554% at $11.67.

Economic news:

US: Boston Federal Reserve Bank President Eric Rosengren said on Monday that one more month of strong job gains could satisfy the U.S. central bank’s requirements for beginning to reduce its monthly asset purchases.

“We’ve had two months in a row where we’ve created more than 900,000 jobs and the unemployment rate dropped by half a percent to 5.4%,” Rosengren said during an interview with CNBC. “If we get another strong labor market report, I think that I would be supportive of announcing in September that we are ready to start the taper program.”

Fed officials said in December that they would continue purchasing assets at the current pace of $120 billion a month until there is “substantial further progress” toward the central bank’s goals for inflation and employment.

Rosengren said he believed the standard was already met for inflation, which is running slightly above the Fed’s 2% target. The policymaker repeated his view that he would support reducing the purchases of mortgage-backed securities and Treasury securities by equal amounts. He said the program should be completed by the middle of next year.

Eurozone: British Prime Minister Boris Johnson intends to host a virtual meeting of G7 leaders to tackle the deteriorating situation in Afghanistan and has stepped up efforts to evacuate UK nationals and others from Kabul.

Johnson spoke to French President Emmanuel Macron on Monday to agree how the two countries could work together to recognise any future Afghan government and in trying to prevent a humanitarian and refugee crisis, his office said.

The G7 call is expected to happen in coming days, while the two leaders also agreed that their countries should work together at the U.N. Security Council, including on a possible joint resolution.

British Foreign Secretary Dominic Raab said Western partners would also look at imposing sanctions and withholding aid if the Taliban failed to uphold human rights or allowed the country to become a base for terrorism again.

“It is not what we wanted,” Raab said. “But we have to deal with a new reality, we’re making it clear with our partners, with all the means at our disposal, that we will hold the Taliban to account to its commitments to have a new start in Afghanistan.”

Important Data: EURO ZONE GDP (YoY) (Q2) today at 5:00 this time estimated 13.7%, previously which was 13.7%. US Core Retail Sales (MoM) (Jul) today at 8:30 this time estimated 0.1%, previously which was 1.3%. JAPAN Adjusted Trade Balance today at 19:50 previously which was -0.09T. AUSTRALIA Wage Price Index (QoQ) (Q2) today at 21:30 this time estimated 0.6%, previously which was 0.6%.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.38006, TAKE PROFIT AT 1.37696 AND STOP LOSS AT 1.38314

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.17663, TAKE PROFIT AT 1.17434 AND STOP LOSS AT 1.17903

GBPJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 150.827, TAKE PROFIT AT 150.432 AND STOP LOSS AT 151.230

CHFJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 119.868, TAKE PROFIT AT 119.581 AND STOP LOSS AT 120.146

EURO STOXX 50

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 4181 TAKE PROFIT AT 4211 AND STOP LOSS AT 4166

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 67.00 TAKE PROFIT AT 65.65 AND STOP LOSS AT 68.08

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1792.76, TAKE PROFIT AT 1804.61 AND STOP AT 1776.63

LITECOIN USD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 180.30 TAKE PROFIT AT 187.80 AND STOP AT 174.83

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