Technical Analysis Report Today – 17 September 2021

Technical Analysis

Technical Analysis Report Today – 17 September 2021

Asia Pacific stocks were mixed on Friday morning. The Shanghai composite is down 0.40% at 3,592.82. Overall, the Singapore MSCI up 0.08% at 354.50. Over in Hong Kong, the Hang Seng Index up 0.59% at 24,790. In Japan, the Nikkei 225 up 0.36% at 30,310, while the Topix index is up 0.02% at 2080.5. South Korea’s Kospi up 0.14% to 3134.71. Australia S&P/ASX 200 down 0.78% at 7403.0.

European equities Thursday closing. The DAX futures contract in Germany traded up 0.23% at 15651.75, CAC 40 futures up 0.59% at 6622.60 and the UK 100 futures contract in the U.K. up 0.16% at 7,027.49.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.18% at 34751.33. The S&P 500 down 0.15% at 4473.76 and the Nasdaq 100 up 0.12% at 15535.6, NYSE closes at 16576.77 down 0.30%.

In the Forex market, GBPUSD up 0.12% at 1.38057. The USDJPY up 0.17% at 109.899. The USDCHF down 0.07% at 0.9268. EURUSD up 0.02% at 1.17683, EUR/GBP down 0.03% at 0.85236. The USD/CNY down 0.13% at 6.4494 at the time of writing.

In the commodity market U.S. Gold futures up 0.50% at $1,762.45. Elsewhere, Silver futures up 0.24% to $22.94 per ounce, Platinum up 1.39% at $943.37 per ounce, and Palladium down 1.38% at $2004.50.

Crude Oil mix on Friday; Brent crude oil down 0.16% at $75.49 per barrel while U.S. West Texas Intermediate (CLc1) is flat at $70.87.

In the Cryptocurrency Markets, BTCUSD at 48083.79 up 0.68%, Ethereum down 0.21% at 3563.63, Litecoin at 186.54 up 0.53%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. up 3.095% at $224.15, Dexcom Inc. up 2.44% at $565.13, A O Smith Corp. down 2.629% to $66.66, Moderna Inc. up 1.425% to $440.65, Baidu Inc. down 1.342% to $159.56, Exelon Corp. down 1.318% at $50.18.

Economic news:

US: When night fell, a clerk at a bustling 24-hour MotoMart flipped a switch from behind the counter.

Electromagnetic locks sealed the doorway. A window sign, now illuminated in red, warned “facial recognition technology in use” and directed customers to “look up at the camera.”

On this recent weeknight, a woman who wanted cigarettes was locked out. Confused at first, she quickly realized that she needed to remove her medical mask. After her unobstructed facial image was scanned into a store computer, then screened against the company’s photo archives of previous customers convicted of store-related crimes, the doors clicked open.

Just a few miles away, across the Missouri state line in Illinois, such screening is against the law under the toughest privacy laws in the country. Private companies must obtain written consent before stockpiling facial images or any biometric identifier – fingerprints, palms, eyes and voice.

Eurozone: European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2% inflation goal by 2025, the Financial Times said on Thursday in a report that was partly disputed by the bank.

The ECB had not made this long-term forecast public, meaning Lane could face questions from the public and lawmakers about the report, which suggests he revealed unpublished information to a select group of individuals.

The FT added that Lane told the German economists that the ECB’s “medium-term reference scenario” showed inflation rebounding to 2% soon after the end of its current forecast period.

The ECB, which initially declined to comment, later disputed the story, calling it inaccurate.

“Mr Lane didn’t say in any conversation with analysts that the euro area will reach 2% inflation soon after the end of the ECB’s projection horizon,” an ECB spokesman said in a written statement.

Important Data: EURO ZONE CPI (YoY) (Aug) today at 8:30 this time estimated 3.0%, previously which was 2.2%. US Michigan Consumer Expectations (Sep) today at 10:00 previously which was 65.1. UK CFTC GBP speculative net positions today at 15:30 previously which was -24.5K. AUSTRALIA CFTC AUD speculative net positions today at 15:30 previously which was -70.5K.

TECHNICAL SUMMARY

GBPUSD

GBPUSD Technical Analysis
GBPUSD Technical Analysis

TRADE SUGGESTION- SELL AT 1.3793, TAKE PROFIT AT 1.3779 AND STOP LOSS AT 1.3808

EURUSD

EURUSD Technical Analysis
EURUSD Technical Analysis

TRADE SUGGESTION- SELL AT 1.1769, TAKE PROFIT AT 1.1750 AND STOP LOSS AT 1.1788

USDJPY

USDJPY Technical Analysis
USDJPY Technical Analysis

TRADE SUGGESTION- SELL AT 109.839, TAKE PROFIT AT 109.748 AND STOP LOSS AT 109.979

USDCHF

USDCHF Technical Analysis
USDCHF Technical Analysis

TRADE SUGGESTION- BUY AT 0.92715, TAKE PROFIT AT 0.92771 AND STOP LOSS AT 0.92698

NASDAQ 100

NASDAQ 100 Technical Analysis
NASDAQ 100 Technical Analysis

TRADE SUGGESTION- BUY AT 15520.99 TAKE PROFIT AT 15606.98 AND STOP LOSS AT 15432.02

WTI CRUDE OIL

WTI CRUDE OIL Technical Analysis
WTI CRUDE OIL Technical Analysis

TRADE SUGGESTION- BUY AT 72.05 TAKE PROFIT AT 72.84 AND STOP LOSS AT 71.53

GOLD

GOLD Technical Analysis
GOLD Technical Analysis

TRADE SUGGESTION- SELL AT 1764.99, TAKE PROFIT AT 1758.44 AND STOP AT 1769.90

BTC USD

BTC USD Technical Analysis
BTC USD Technical Analysis

TRADE SUGGESTION- BUY AT 47889.00 TAKE PROFIT AT 48816.52 AND STOP AT 47025.11

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