Technical Analysis with Candlestick Charts – 04 October 2021

Technical Analysis

Technical Analysis with Candlestick Charts – 04 October 2021

Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is up 0.90% at 3,568.16. Overall, the Singapore MSCI up 1.72% at 355.25. Over in Hong Kong, the Hang Seng Index down 2.35% at 23,994.00. In Japan, the Nikkei 225 down 1.35% at 28,430.00, while the Topix index is down 0.81% at 1971.0. South Korea’s Kospi down 1.62% to 3019.18. Australia S&P/ASX 200 up 1.29% at 7278.3.

European equities Friday closing. The DAX futures contract in Germany traded down 0.68% at 15156.44, CAC 40 futures down 0.04% at 6517.20 and the UK 100 futures contract in the U.K. down 0.36% at 7,031.50.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.43% at 34326.47. The S&P 500 up 1.15% at 4357.05 and the Nasdaq 100 down 0.64% at 14696.6, NYSE closes at 16323.74 up 1.11%.

In the Forex market, GBPUSD down 0.01% at 1.3541. The USDJPY down 0.04% at 111.011. The USDCHF down 0.02% at 0.9303. EURUSD up 0.04% at 1.1597, EUR/GBP up 0.10% at 0.8565. The USD/CNY flat at 6.4452 at the time of writing.

In the commodity market U.S. Gold futures up 0.04% at $1,761.38. Elsewhere, Silver futures up 0.52% to $22.619 per ounce, Platinum down 0.18% at $971.77 per ounce, and Palladium down 0.55% at $1909.00.

Crude Oil mix on Monday; Brent crude oil down 0.15% at $79.02 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.94% at $76.43.

In the Cryptocurrency Markets, BTCUSD at 47671.17 down 1.17%, Ethereum down 1.84% at 3355.30, Litecoin at 166.07 down 2.64%, at the time of writing. 

TOP STOCKS TO WATCH OUT TODAY:

Merck & Co Inc. up 8.374% at $81.40, Delta Air Lines Inc. up 6.501% at $45.38, 

Mosaic Co. up 5.823% to $37.80, Moderna Inc. down 11.373% to $341.09, ETSY Inc. down 1.726% to $204.37, Walmart Inc. down 1.672% at $137.05.

Economic news:

US: Congressional Democrats face the hard work of paring back the White House’s sweeping infrastructure and social agenda in the week ahead, but have yet to agree on a target size for their multi-trillion-dollar spending bill.

Democrats said on Friday that their sweeping bill intended to bolster the social safety net and fight climate change will need to be trimmed from a $3.5 trillion goal, perhaps to closer to $2 trillion, following a visit by the president to Capitol Hill to sell his agenda.

But they have come no closer to agreement on that figure over the weekend.

Progressive (NYSE:PGR) Democratic Senator Bernie Sanders, chairman of the Senate Budget Committee, told ABC News Sunday that $3.5 trillion “should be a minimum. But I accept there is going to have to be give and take.”

Moderate Democrat Joe Manchin said his top line for the package is $1.5 trillion, while fellow moderate Krysten Sinema has not committed publicly to a number.

Eurozone: Britain will threaten on Monday to dispense with some of the terms of its agreement overseeing post-Brexit trade with Northern Ireland, saying they have become too damaging to retain.

In a speech to the governing Conservative Party conference in the northern English city of Manchester, Brexit minister David Frost will urge the EU to help find an agreed solution to the problems with the deal, according to a party statement.

“He will warn that ‘tinkering at the edges’ will not fix the fundamental problems with the Protocol,” the statement said.

The British government has been urging the bloc for months to renegotiate the terms of the so-called Northern Ireland protocol, which governs trade between Britain and its province, which borders EU member Ireland.

Important Data: US Factory Orders (MoM) (Aug) today at 10:00 this time estimated 1.0%, previously which was 0.4%. AUSTRALIA Retail Sales (MoM) today at 20:30 previously which was -1.7%. AUSTRALIA Trade Balance (Aug) at 20:30 this time estimated 10.65B, previously which was 12.11B. Eurogroup Meetings today at 6:00.

TECHNICAL SUMMARY

GBPUSD

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 1.35471, TAKE PROFIT AT 1.35129 AND STOP LOSS AT 1.35721

EURUSD

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 1.16028, TAKE PROFIT AT 1.15857 AND STOP LOSS AT 1.16113

EURGBP

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 0.85607, TAKE PROFIT AT 0.85474 AND STOP LOSS AT 0.85744

EURJPY

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 128.833, TAKE PROFIT AT 128.574 AND STOP LOSS AT 129.005

CAC 40

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 6481.8 TAKE PROFIT AT 6464.8 AND STOP LOSS AT 6513.70 

WTI CRUDE OIL

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 75.40 TAKE PROFIT AT 76.10 AND STOP LOSS AT 74.94

GOLD

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 1754.70, TAKE PROFIT AT 1746.83 AND STOP AT 1763.35

ETHEREUM

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 3346.40 TAKE PROFIT AT 3451.38 AND STOP AT 3281.51

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