Technical Analysis Report Today – 28 June 2021

Technical Analysis

Technical Analysis Report Today – 28 June 2021

Asian shares started the week in a cautious mood on Monday. The Shanghai composite is down 0.14% at 3,602.08. Overall, the Singapore MSCI up 0.54% at 356.60. Over in Hong Kong, the Hang Seng Index down 0.28% to 28,960. In Japan, the Nikkei 225 down 0.28% at 28,960, while the Topix index is up 0.05% at 1959.5. South Korea’s Kospi down 0.03% to 3301.77. Australia S&P/ASX 200 down 0.01% at 7307.3.

European equities Friday closing. The DAX futures contract in Germany traded 0.12% up at 15607.97, CAC 40 futures down 0.12% at 6622.88 and the UK 100 futures contract in the U.K. up 0.37% at 7,136.08.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.69% at 34433.85. The S&P 500 up 0.33% to 4280.69 and the Nasdaq 100 up 0.15% at 14369.0, NYSE closes at 16658.62 up 0.60%.

In the Forex market, GBPUSD up 0.25% at 1.39049. The USDJPY down 0.08% at 110.688. The USDCHF up 0.16% at 0.91817. EURUSD down 0.04% at 1.19297, EUR/GBP down 0.18% at 0.85793. The USD/CNY up 0.05% at 6.4576, at the time of writing.

In the commodity market U.S. Gold futures up 0.11% at $1,782.47. Elsewhere, Silver futures up 0.13% to $26.090 per ounce, Platinum down 0.32% at $1107.47 per ounce, and Palladium up 0.34% to $2,650.00.

Crude Oil up on Monday; Brent crude oil up 0.08% to $76.18 barrel while U.S. West Texas Intermediate (CLc1) is up 4.89% at $74.05.

In the Cryptocurrency Markets, BTCUSD at 34442.38 down 0.74%, Ethereum at 1980.44 down 0.14%, Litecoin at 131.40 down 0.84%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

NIKE Inc. up 15.531% at $154.35, CARMAX Inc. up 6.673% at $127.4, TELEFLEX Inc. up 2.842% to $412.21, FEDEX Corp. down 3.628% to $291.95, EBAY Inc. up 1.998% to $67.90, BAIDU Inc. up 4.041% at $202.64.

Economic news:

US: Republican Senate negotiators on an infrastructure deal were optimistic about a $1.2 trillion bipartisan bill on Sunday after President Joe Biden withdrew his threat to veto the measure unless a separate Democratic spending plan also passes Congress.

U.S. Senator Rob Portman said he and his fellow negotiators were “blindsided” by Biden’s comments on Thursday after a rare bipartisan compromise to fix the nation’s roads, bridges and ports.

“I was very glad to see the president clarify his remarks because it was inconsistent with everything that we had been told all along the way,” Portman said in an interview with ABC.

Moments after announcing the bipartisan deal on Thursday, Biden appeared to put it in jeopardy with his comment that the infrastructure bill would have to move “in tandem” with a larger bill that includes a host of Democratic priorities that he hopes to pass along party lines.

Eurozone: Britain has yet to receive a formal response from the European Union over its proposal to further extend a grace period on checks on some foodstuffs moving to Northern Ireland just days before the latest deadline, a minister said on Sunday.

“We think we have put forward a sensible proposal, something actually quite moderate while we work out a long-term solution and I am hopeful over the next few days that those technical discussions, we’ll be able to get that secured with the EU,” Northern Ireland minister Brandon Lewis told Times Radio.

“We’re coming very close up against the deadline now and we’ve not yet formally heard back from the EU. They need to come back to us. I am hopeful they will come back in a positive way.”

The current grace period waiving checks on British-made sausages and other chilled meats moving to Northern Ireland is due to end on June 30.

Important Data: JAPAN Retail Sales (YoY) (May) today at 19:50 this time estimated 7.9%, previously which was 11.9%. JAPAN Jobs/applications ratio (May) today at 19:30 this time estimated 1.08, previously which was 1.09. UK BoE MPC Member Haldane Speaks today at 8:00. US FOMC Member Quarles Speaks today at 13:10.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.39240, TAKE PROFIT AT 1.38730 AND STOP LOSS AT 1.39473

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.19386, TAKE PROFIT AT 1.19141 AND STOP LOSS AT 1.19504

USDJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 110.643, TAKE PROFIT AT 110.859 AND STOP LOSS AT 110.457

USDCHF

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 0.91779, TAKE PROFIT AT 0.92003 AND STOP LOSS AT 0.91652

S&P 500

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 4283.69 TAKE PROFIT AT 4286.94 AND STOP LOSS AT 4280.90

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 73.88 TAKE PROFIT AT 74.13 AND STOP LOSS AT 73.83

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1782.59, TAKE PROFIT AT 1776.03 AND STOP AT 1789.28

ETHEREUM

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 2042.64 TAKE PROFIT AT 2017.30 AND STOP AT 2056.58

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