Technical Analysis Report Today – 30 July 2021

Technical Analysis

Technical Analysis Report Today – 30 July 2021

Asia Pacific stocks were down on Friday morning. The Shanghai Composite is down 0.92% at 3,380.13. Overall, the Singapore MSCI is down 0.67% at 361.90. Over in Hong Kong, the Hang Seng Index down 2.23% at 25,621. In Japan, the Nikkei 225 is down 1.83% at 27,300, while the Topix index is down 1.43% at 1902.0. South Korea’s Kospi down 1.17% to 3205.05. Australia S&P/ASX 200 down 0.23% at 7400.3.

European equities Thursday closing. The DAX futures contract in Germany traded up 0.45% at 15640.47, CAC 40 futures up 0.37% at 6633.77 and the UK 100 futures contract in the U.K. up 0.88% at 7,078.43.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.44% at 35084.54. The S&P 500 up 0.42% to 4419.14 and the Nasdaq 100 down 0.77% at 14681.38, NYSE closes at 16697.13 up 0.75%.

In the Forex market, GBPUSD down 0.09% at 1.39406. The USDJPY up 0.09% at 109.558. The USDCHF up 0.10% at 0.9071. EURUSD down 0.04% at 1.1879, EUR/GBP up 0.13% at 0.85218. The USD/CNY up 0.09% at 6.4624, at the time of writing.

In the commodity market U.S. Gold futures up 0.02% at $1,827.50. Elsewhere, Silver futures up 0.21% to $25.55 per ounce, Platinum down 0.07% at $1055.08 per ounce, and Palladium up 0.21% to $2,652.39.

Crude Oil mix on Friday; Brent crude oil down 0.49% at $75.47 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.47% at $73.29.

In the Cryptocurrency Markets, BTCUSD at 39732.45 down 0.89%, Ethereum at 2401.13 up 0.72%, Litecoin at 141.38 down 0.02%, at the time of writing.

TOP STOCKS TO WATCH OUT FOR TODAY:

Lennar Corp. up 5.52% at $106.47, Tesla Inc. up 4.694% at $677.35, Equinix Inc. down 5.97% to $786.38, Facebook down 4.008% to $358.32, Biogen Inc. down 1.499% to $329.17, DocuSign Inc. down 1.194% at $301.18.

Economic news:

US: The U.S. Congress on Thursday approved emergency funding to replenish the Capitol Police and bolster security after the Jan. 6 riot by supporters of then-President Donald Trump and to evacuate Afghans who helped American forces from their country.

The $2.1 billion bills was passed by the Senate by a vote of 98-0. The House of Representatives, which had previously passed its own $1.9 billion bills, then promptly approved the Senate version by a vote of 416-11, clearing the way for President Joe Biden to sign it into law.

The bill would provide $521 million to reimburse National Guard units deployed for months to the Capitol following the riot and $300 million for increased security measures at the site. It also would provide $71 million for the Capitol Police to cover overtime costs, hire new officers and other expenses and $35.4 million for that force’s mutual-aid agreements with other law enforcement jurisdictions to help in emergencies.

Without fast action, “Capitol Police funding will be depleted literally in a number of weeks,” Senate Appropriations Committee Chairman Patrick Leahy said.

Eurozone: The European Central Bank’s new strategy may force the bank to temporarily overshoot its 2% inflation target, the bank said in the accounts of the meeting, which approved the conclusion of the first policy review in 18 years.

The accounts mostly contain information already released to the public and does not include any description of the debate between policymakers at the July 8 meeting, a usual element for this sort of ECB documents.

Important Data: Germany GDP (QoQ) (Q2) today at 4:00 this time estimated 2.0%, previously which was -1.8%. EUROZONE CPI (YoY) (Jul) today at 5:00 this time estimated 2.0%, previously which was 1.9%. CANADA GDP (MoM) (May) today at 8:30 this time estimated -0.3%, previously which was -0.3%. CHINA Manufacturing PMI (Jul) today at 21:00 this time estimated 50.8, previously which was 50.9.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.39432, TAKE PROFIT AT 1.39662 AND STOP LOSS AT 1.39203

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.18814, TAKE PROFIT AT 1.18974 AND STOP LOSS AT 1.18713

GBPJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 152.916, TAKE PROFIT AT 153.425 AND STOP LOSS AT 152.358

CHFJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 120.906, TAKE PROFIT AT 121.227 AND STOP LOSS AT 120.458

HANG SENG

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 25794.00 TAKE PROFIT AT 25493.00 AND STOP LOSS AT 26097.00

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 73.20 TAKE PROFIT AT 74.16 AND STOP LOSS AT 72.77

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1830.07, TAKE PROFIT AT 1831.69 AND STOP AT 1828.28

BTCUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 39692.54 TAKE PROFIT AT 39928.20 AND STOP AT 39594.22

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