Technical Analysis with Candlestick Charts – 04 January 2022

Technical Analysis

Technical Analysis with Candlestick Charts – 04 January 2022

 Asia Pacific stocks were mostly down on Tuesday morning. The Shanghai composite is down 0.20% at 3,632.32. Overall, the Singapore MSCI up 1.77% at 344.85. Over in Hong Kong, the Hang Seng Index down 0.20% at 23,217.00. In Japan, the Nikkei 225 up 1.56% at 29,230.00, while the Topix index is up 1.66% at 2025.0. South Korea’s Kospi up 0.02% to 2989.24. Australia S&P/ASX 200 up 1.95% at 7589.8.

European equities Monday closing. The DAX futures contract in Germany traded up 0.86% at 16020.73, CAC 40 futures up 0.90% at 7217.23 and the UK 100 futures contract in the U.K. up 0.84% at 7,463.50.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.68% at 36585.07. The S&P 500 up 0.64% at 4796.57 and the Nasdaq 100 up 1.11% at 16501.77, NYSE closes up 0.36% at 17226.10.

In the Forex market, GBPUSD down 0.09% at 1.3464. The USDJPY up 0.36% at 115.718. The USDCHF up 0.02% at 0.91879. EURUSD down 0.06% at 1.1287, EUR/GBP up 0.10% at 0.83812. The USD/CNY up 0.36% at 6.3750 at the time of writing.

In the commodity market U.S. Gold futures up 0.25% at $1,805.30. Elsewhere, Silver futures down 0.24% at $22.815 per ounce, Platinum flat at $955.00 per ounce, and Palladium up 0.91% at $1838.50.

Crude Oil mix on Tuesday; Brent crude oil down 0.11% at $78.80 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.17% at $76.99.

In the Cryptocurrency Markets, Bitcoin at 46542.89 up 0.22%, Ethereum down 0.08% at 3761.95, Litecoin at 148.67 up 0.13%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Tesla Inc. up 13.532% at $1,199.78, Fiserv Inc. up 3.69% at $107.62, Intel Corp. up 3.320% to $53.21, Moderna Inc. down 7.453% to $235.05, Workday Inc. down 3.463% to $263.72, JD.Com Inc. down 2.483% at $68.33.

Economic news:

US: A U.S. jury on Monday found Theranos founder Elizabeth Holmes guilty of defrauding investors in the blood testing start up, convicting her on four of 11 counts.

Holmes was convicted of investor fraud and conspiracy, but acquitted on three counts of defrauding patients who paid for tests from Theranos, and a related conspiracy charge. The jury could not reach a decision on three counts related to other, individual investors.

Holmes, wearing a gray suit, appeared poised after the verdict was read. A sentencing date was not immediately set.

Prosecutors said Holmes, 37, swindled private investors between 2010 and 2015 by convincing them that Theranos’ small machines could run a range of tests on just a single drop of blood from a finger prick.

Eurozone: The British government has asked public sector managers to test their contingency plans against a worst-case scenario of 25% staff absence as part of efforts to minimise disruption from the rapid spread of the Omicron variant of COVID-19.

With daily infection numbers at a record high and people who test positive required to self-isolate for at least seven days, the government expects businesses and public services to face disruption in the coming weeks, it said in a statement.

“So far, disruption caused by Omicron has been controlled in most parts of the public sector, but public sector leaders have been asked to test plans against worst case scenarios of workforce absence of 10%, 20% and 25%,” it said.

Prime Minister Boris Johnson has asked ministers to work closely with their respective sectors to develop robust contingency plans, said the Cabinet Office, which is coordinating the government’s efforts.

The impact of Omicron on workforces in supply chains, public services and schools is being closely monitored, it said. Mitigations being considered include asking for volunteers such as retired teachers to go back to work.

Important Data: UK Manufacturing PMI (Dec) today at 4:30 this time estimated 57.6, previously which was 58.1. US ISM Manufacturing PMI (Dec) today at 10:00 this time estimated 60.1, previously which was 61.1. CANADA RMPI (MoM) (Nov) today at 8:30 previously which was 4.8%. Germany Unemployment Change (Dec) today at 3:55 this time estimated 15K, previously which was -34K.   

TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- BUY AT 1.34769, TAKE PROFIT AT 1.35046 AND STOP LOSS AT 1.34458

EURUSD

TRADE SUGGESTION- SELL AT 1.12885, TAKE PROFIT AT 1.12626 AND STOP LOSS AT 1.13100

GBPJPY

TRADE SUGGESTION- BUY AT 156.106, TAKE PROFIT AT 156.693 AND STOP LOSS AT 155.664

CHFJPY

TRADE SUGGESTION- BUY AT 126.043, TAKE PROFIT AT 126.145 AND STOP LOSS AT 125.964.

HANG SENG

TRADE SUGGESTION- SELL AT 23243.00 TAKE PROFIT AT 22998.00 AND STOP LOSS AT 23400.00

WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 76.09 TAKE PROFIT AT 77.17 AND STOP LOSS AT 75.17

GOLD

TRADE SUGGESTION- SELL AT 1806.23, TAKE PROFIT AT 1798.95 AND STOP AT 1809.75

BTC USD

TRADE SUGGESTION- SELL AT 46382.96 TAKE PROFIT AT 45474.18 AND STOP AT 47337.11

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