Technical Analysis with Candlestick Charts – 03 December 2021

Technical Analysis

Technical Analysis with Candlestick Charts – 03 December 2021

Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is up 0.58% at 3,594.64. Overall, the Singapore MSCI up 0.23% at 342.45. Over in Hong Kong, the Hang Seng Index down 0.56% at 23,606.00. In Japan, the Nikkei 225 up 0.40% at 27,860.00, while the Topix index is up 1.12% at 1949.5. South Korea’s Kospi up 0.80% to 2968.85. Australia S&P/ASX 200 up 0.24% at 7242.8.

European equities Thursday closing. The DAX futures contract in Germany traded down 1.35% at 15263.11, CAC 40 futures down 1.25% at 6795.76 and the UK 100 futures contract in the U.K. down 0.55% at 7,129.20.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.82% at 34639.80. The S&P 500 up 1.42% at 4577.09 and the Nasdaq 100 up 0.71% at 15990.76, NYSE closes up 2.12% at 16475.25.

In the Forex market, GBPUSD down 0.07% at 1.3289. The USDJPY up 0.05% at 113.21. The USDCHF up 0.05% at 0.92066. EURUSD down 0.03% at 1.12977, EUR/GBP up 0.12% at 0.8501. The USD/CNY down 0.07% at 6.3716 at the time of writing.

In the commodity market U.S. Gold futures up 0.22% at $1,772.27. Elsewhere, Silver futures up 0.15% to $22.39 per ounce, Platinum up 0.75% at $942.50 per ounce, and Palladium up 0.17% at $1785.00.

Crude Oil up on Friday; Brent crude oil up 0.55% at $70.90 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.05% at $67.23.

In the Cryptocurrency Markets, Bitcoin at 56642.18 up 0.15%, Ethereum up 0.44% at 4536.06, Litecoin at 201.52 down 1.02%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Delta Air Lines Inc. up 9.27% at $36.64, Carnival Corp. up 9.219% at $17.89,

Boeing Co. up 7.54% to $202.38, ETSY Inc. down 3.749% to $249.56, Pfizer Inc. down 2.999% to $53.04, Moderna Inc. down 2.936% at $301.49.

Economic news:

US: The Democratic-controlled U.S. Senate on Thursday passed a bill to fund the government through mid-February, averting the risk of a shutdown after overcoming a bid by some Republicans to delay the vote in a protest against vaccine mandates.

The 69-28 vote leaves government funding at current levels through Feb. 18, and gives Democratic President Joe Biden plenty of time to sign the measure before funding was set to run out at midnight on Friday.

The Senate acted just hours after the House of Representatives approved the measure, by a vote of 221-212, with the support of only one Republican.

Congress faces another urgent deadline right on the heels of this one. The federal government is approaching its $28.9 trillion borrowing limit, which the Treasury Department has estimated it could reach by Dec. 15. Failure to extend or lift the limit in time could trigger an economically catastrophic default.

“I am glad that in the end, cooler heads prevailed. The government will stay open and I thank the members of this chamber for walking us back from the brink from an avoidable, needless and costly shutdown,” Democratic Senate Majority Leader Chuck Schumer said on nailing down a deal with Republicans to clear the way for passing the bill.

Eurozone: The European Union imposed sanctions on state-owned Belarusian airline Belavia on Thursday, accusing the company of flying in migrants as a tactic to destabilise European states, in a new round of punitive measures coordinated with the United States.

Reuters reported the planned sanctions on Nov. 10 and they were approved last month. They came into effect on Thursday after publication in the EU’s official journal. Britain and Canada also imposed new sanctions on Belarus on Thursday.

EU governments blacklisted 17 individuals and 11 entities, targeting judges and top Belarusian officials. Those sanctions are in the form of asset freezes and travel bans.

The sanctions on Belavia mean EU companies can no longer lease planes to the Belarusian airline, EU officials have said. It was not immediately clear if Belavia would have to return the 17 aircraft leased through aircraft companies in Ireland.

The decision takes the total number of Belarusian individuals under EU sanctions to 183, along with 26 entities.

Important Data: US Nonfarm Payrolls (Nov) today at 8:30 this time estimated 550K, previously which was 531K. CANADA Employment Change (Nov) at 8:30 this time estimated 35K, previously which was 31.2K. US ISM Non-Manufacturing PMI (Nov) today at 10:00 this time estimated 65.0, previously which was 66.7. EURO ZONE Retail Sales (MoM) (Oct) today at 5:00 this time estimated 0.2%, previously which was -0.3%.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.32869, TAKE PROFIT AT 1.32709 AND STOP LOSS AT 1.33017

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.12942, TAKE PROFIT AT 1.12753 AND STOP LOSS AT 1.13130

USDJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 113.201, TAKE PROFIT AT 112.972 AND STOP LOSS AT 113.473

USDCHF

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.92062, TAKE PROFIT AT 0.91921 AND STOP LOSS AT 0.92210.

HANG SENG

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 23602.00 TAKE PROFIT AT 23394.00 AND STOP LOSS AT 23831.00

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 67.67 TAKE PROFIT AT 66.59 AND STOP LOSS AT 68.15

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1774.73, TAKE PROFIT AT 1765.14 AND STOP AT 1781.97

ETHEREUM

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 4564.93 TAKE PROFIT AT 4633.90 AND STOP AT 4420.36

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