Technical Analysis Report Today – 30 August 2021

Technical Analysis

Technical Analysis Report Today – 30 August 2021

Asia Pacific stocks were mostly up on Monday morning. The Shanghai composite is down 0.11% at 3,518.17. Overall, the Singapore MSCI up 0.89% at 357.00. Over in Hong Kong, the Hang Seng Index down 0.27% at 25,298. In Japan, the Nikkei 225 up 0.47% at 27,770, while the Topix index is up 0.96% at 1948.5. South Korea’s Kospi up 0.37% to 3145.34. Australia S&P/ASX 200 up 0.30% at 7510.4.

European equities Friday closing. The DAX futures contract in Germany traded up 0.37% at 15851.75, CAC 40 futures up 0.24% at 6681.91 and the UK 100 futures contract in the U.K. up 0.32% at 7,148.02.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.69% at 35455.81. The S&P 500 up 0.88% at 4509.38 and the Nasdaq 100 up 0.05% at 15440.7, NYSE closes at 16844.74 up 0.90%.

In the Forex market, GBPUSD up 0.11% at 1.37720. The USDJPY up down 0.03% at 109.766. The USDCHF up 0.08% at 0.91167. EURUSD up 0.04% at 1.18011, EUR/GBP up 0.03% at 0.85681. The USD/CNY down 0.04% at 6.4688, at the time of writing.

In the commodity market U.S. Gold futures down 0.11% at $1,814.45. Elsewhere, Silver futures down 0.02% to $23.986 per ounce, Platinum down 0.27% at $1009.50 per ounce, and Palladium down 0.06% at $2,417.00.

Crude Oil up on Monday; Brent crude oil up 0.17% at $72.70 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.86% at $69.06.

In the Cryptocurrency Markets, BTCUSD at 47878.14 down 1.89%, Ethereum at down 1.92% at 3164.34, Litecoin at 171.51 down 1.70%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Nov Inc. up 4.904% at $13.69, Teradyne Inc. up 4.643% at $122.60, Marathon Oil Corp. up 4.254% to $12.01, Moderna Inc. down 4.517% to $382.22, Autozone Inc. down 2.543% to $1548.49, Pfizer Inc. down 1.646% at $46.60.

Economic news:

US: The dollar loitered around multi-week lows on Monday in the wake of Federal Reserve Chair Jerome Powell laying out a slower-than-expected path to rate hikes, as traders’ focus shifted to U.S. jobs figures due on Friday for clues on a tapering timeline.

A storm lashing oilfield in the Gulf of Mexico also lent support to crude prices and to oil-exposed currencies, helping the Norwegian crown drift to a seven-week peak.

The euro touched its highest since early August during Asia trade, at $1.1810, and the yen rose to its strongest since last Wednesday at 109.70 per dollar.

A holiday in Britain on Monday was expected to limit further moves in the London session.

The greenback has fallen since Powell said on Friday that tapering could begin this year but that it wouldn’t directly signal higher rates, as hiking would need the economy to pass a substantially more stringent test.

Eurozone: French consumers were only marginally less confident about their economic prospects in August despite a surge in coronavirus cases and new rules requiring a health pass to enter many retail outlets, a monthly survey showed on Friday.

The INSEE official statistics agency said its monthly consumer confidence index fell to 99 from 100 in July, just short of the average expectation for 100 in a Reuters poll of 10 economists.

The index had peaked at 102 in June – the highest since the pandemic started – as vaccination rates picked up and coronavirus restrictions were eased.

But with France now facing its fourth coronavirus wave as the Delta variant spreads, the government began requiring people earlier this month to show proof of vaccination to enter cafes, restaurants, trains and big shopping malls.

Important Data: US Pending Home Sales (MoM) (Jul) today at 10:00 this time estimated 0.4%, previously which was -1.9%. RUSSIA GDP Quarterly (YoY) (Q2) today at 14:00 previously which was 10.3%. JAPAN Jobs/applications ratio (Jul) today at 19:30 this time estimated 1.12, previously which was 1.13. AUSTRALIA Private Sector Credit (MoM) (Jul) today at 21:30 previously which was 0.9%.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.37607, TAKE PROFIT AT 1.37364 AND STOP LOSS AT 1.37839

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.17937, TAKE PROFIT AT 1.18191 AND STOP LOSS AT 1.17752

EURGBP

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 0.85669, TAKE PROFIT AT 0.85874 AND STOP LOSS AT 0.85549

EURJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 129.524, TAKE PROFIT AT 129.741 AND STOP LOSS AT 129.368

NASDAQ 100

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 15441.49 TAKE PROFIT AT 15454.99 AND STOP LOSS AT 15389.01

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 68.19 TAKE PROFIT AT 68.78 AND STOP LOSS AT 67.72

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1813.70, TAKE PROFIT AT 1824.16 AND STOP AT 1806.27

BTCUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 47916.09 TAKE PROFIT AT 49292.10 AND STOP AT 47001.13

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