Technical Analysis Report Today – 19 May 2021

Technical Analysis

Technical Analysis Report Today – 19 May 2021

Asia-Pacific shares outside Japan dropped 0.3%. The Shanghai composite is down 0.51% at 3,510.96. Overall, the Singapore MSCI down 1.25% at 352.15. Over in Hong Kong, the Hang Seng Index down 0.13% to 28,418. In Japan, the Nikkei 225 down 1.72% at 27,970, while the Topix index is down 1.07% at 1889.0. South Korea’s Kospi up 1.23% to 3173.50. Australia S&P/ASX 200 down 1.90% at 6931.7.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.07% down at 15386.58, CAC 40 futures down 0.99% at 6290.49 and the UK 100 futures contract in the U.K. down 0.69% at 6970.1.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.78% down at 34060.66 the S&P 500 down 0.85% to 4127.83 and the Nasdaq 100 down 0.59% at 13117.6, NYSE closes at 16337.73 down 0.52%.

In the Forex market, GBPUSD up 0.03% at 1.41933. The USDJPY up 0.10% at 108.984. The USDCHF down 0.06% at 0.89716. EURUSD up 0.14% at 1.22391, EUR/GBP up 0.13% at 0.86248. The USD/CNY up 0.04% at 6.4278, at the time of writing.

In the commodity market U.S. Gold futures up 0.12% at $1,871.45. Elsewhere, Silver futures down 0.25% to $28.078 per ounce, Platinum down 0.08% at $1219.03 per ounce, and Palladium up 0.03% to $2,904.50.

Crude Oil mix on Wednesday; Brent crude oil down 0.93% to $67.88 barrel while U.S. West Texas Intermediate (CLc1) is down 0.32% at $65.16.

In the Cryptocurrency Markets, BTCUSD at 39105.81 down 8.63%, Ethereum at 2917.71 down 13.69%, Litecoin at 264.17 down 10.16%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
Top 5 Stock

WALMART Inc. up 2.174% at $141.91, NETEASE Inc. up 3.537% at $108.61, DEXCOM Inc. up 1.447% to $330.11, CSX Corp. down 1.494% to $98.90, AT&T Inc. down 5.802% to $29.55, GAP Inc. down 3.716% at $34.98.

Economic news:

US: The Biden administration on Tuesday gave investors two extra weeks to buy or sell securities in certain companies it deems are tied to the Chinese military, an extension it said was needed to craft a stronger policy to prohibit such trades.

President Joe Biden’s administration has been reviewing a number of aspects of U.S.-China policy, including a ban imposed under his predecessor Donald Trump on investments in certain Chinese companies that the United States says are linked to China’s armed forces and intelligence agencies.

Investors now have until 9:30 a.m. (1330 GMT) on June 11 to compete their transactions, the U.S. Treasury Department said in a notice posted on its website. The previous deadline was May 27.

Eurozone: British Prime Minister Boris Johnson on Wednesday announced a series of urban renewal projects worth 830 million pounds ($1.2 billion) in towns and cities away from London as part of his promise to “level up” the country’s economy.

Johnson, who won a 2019 election thanks largely to voters in struggling regions of England and is facing pressure from nationalists in Scotland and Northern Ireland, also said more than 3,000 interior and business ministry jobs would move to Stoke-on-Trent in central England, Edinburgh and Belfast by 2025.

“As the country gets back on its feet, the government has renewed its commitment to levelling up and tackling the issues that really matter to people,” Johnson said in a statement.

Important Data: EURO ZONE CPI (YoY) (Apr) today at 5:00 this time estimated 1.6%, previously which was 1.3%. CANADA Core CPI (MoM) (Apr) today at 8:30 previously which was 0.3%. US Crude Oil Inventories Stock today at 10:30 this time estimated 1.623M previously which was -0.427M. JAPAN Adjusted Trade Balance today at 19:50 previously which was at 0.30T.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.41772, TAKE PROFIT AT 1.41968 AND STOP LOSS AT 1.41716

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.22196, TAKE PROFIT AT 1.22261 AND STOP LOSS AT 1.22129

USDJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 109.059, TAKE PROFIT AT 108.899 AND STOP LOSS AT 109.146

USDCHF

Technical Analysis

TRADE SUGGESTION- SELL AT 0.90, TAKE PROFIT AT 0.89863 AND STOP LOSS AT 0.90110

HANG SENG

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 28397.0 TAKE PROFIT AT 28538 AND STOP LOSS AT 27889

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 64.25 TAKE PROFIT AT 63.60 AND STOP LOSS AT 65.04

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1860.70, TAKE PROFIT AT 1867.95 AND STOP AT 1859.85

LITECOIN

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 271.42 TAKE PROFIT AT 249.30 AND STOP AT 282.95

About Author