Technical Analysis with Candlestick Charts – 09 February 2022

Technical Analysis with Candlestick Charts – 09 February 2022

Technical Analysis

Asia Pacific stocks were mixed on Wednesday morning. The Shanghai composite is up 0.77% at 3,479.26. Overall, the Singapore MSCI up 1.02% at 355.55. Over in Hong Kong, the Hang Seng Index up 1.94% at 24,796.00. In Japan, the Nikkei 225 up 0.99% at 27,550.00, while the Topix index is up 1.06% at 1953.00. South Korea’s Kospi up 0.81% to 2768.85. Australia S&P/ASX 200 up 1.14% at 7268.30.

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.24% at 15242.38, CAC 40 futures up 0.27% at 7028.42 and the UK 100 futures contract in the U.K. down 0.08% at 7,567.06.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.06% at 35462.79. The S&P 500 up 0.84% at 4521.55 and the Nasdaq 100 up 1.21% at 14747.03, NYSE closes up 0.78% at 16853.70.

In the Forex market, GBPUSD up 0.14% at 1.35570. The USDJPY down 0.01% at 115.507. The USDCHF up 0.03% at 0.92480. EURUSD up 0.07% at 1.14219, EUR/GBP up 0.02% at 0.84243. The USD/CNY down 0.05% at 6.3625 at the time of writing.

In the commodity market U.S. Gold futures up 0.07% at $1,827.26. Elsewhere, Silver futures up 0.10% at $23.211 per ounce, Platinum down 0.19% at $1031.00 per ounce, and Palladium down 0.22% at $2240.00.

Crude Oil down on Wednesday; Brent crude oil down 0.77% at $90.46 per barrel while U.S. West Texas Intermediate (CLc1) down 0.79% at $87.96.

In the Cryptocurrency Markets, Bitcoin at 43164.00 down 0.63%, Ethereum down 0.49% at 3105.67, Litecoin at 137.27 up 2.61%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Amgen Inc. up 7.82% at $241.01, American Airlines Group Inc. up 5.671% at $18.26, Carnival Corp. up 4.786% to $22.55, Fiserv Inc. down 5.997% at $99.54, Incyte Corp. down 4.472% to $70.07, Moderna Inc. down 4.343% at $153.31.

Economic news:

US: U.S. consumer debt loads grew in 2021 by the largest amount in 14 years as people ramped up borrowing to afford homes, cars and other goods that are becoming more expensive, according to a report released on Tuesday by the New York Federal Reserve.

The higher borrowing was fueled in part by rising prices as consumers cope with the strongest inflation seen in nearly four decades. And households, supported by increased savings and higher incomes, seem to be handling the larger debt loads well so far, researchers said.

“The aggregate balances of newly opened mortgage and auto loans sharply increased in 2021, corresponding to increases in home and car prices,” Wilbert Van Der Klaauw, senior vice president at the New York Fed, said in a statement.

Total household debt grew by $1 trillion last year, marking the largest increase in overall debt since 2007, according to the New York Fed’s quarterly report on household debt and credit. The total debt balance is now $1.4 trillion higher than it was at the end of 2019.

Eurozone: The European Central Bank is preparing banks for a possible Russian-sponsored cyber-attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the financial fallout of any conflict.

The stand-off between Russia and Ukraine has rattled Europe’s political and business leaders, who fear an invasion that would inflict damage on the entire region.

Earlier this week, French President Emmanuel Macron shuttled from Moscow to Kyiv in a bid to act as a mediator after Russia massed troops near Ukraine.

Now the European Central Bank, led by former French minister Christine Lagarde and which has oversight of Europe’s biggest lenders, is on alert for the threat of cyber-attacks on banks launched from Russia, the people said.

While the regulator had been focused on ordinary scams that boomed during the pandemic, the Ukraine crisis has diverted its attention to cyber attacks launched from Russia, said one of the people, adding that the ECB has questioned banks about their defences.

Important Data: US Cushing Crude Oil Inventories today at 10:30 previously which was -1.173M. US 10-Year Note Auction today at 13:00 previously which was 1.723%. RUSSIA CPI (YoY) (Jan) today at 11:00 this time estimated 8.8%, previously which was 8.4%. Germany Trade Balance (Dec) today at 2:00 this time estimated 10.4B, previously which was 10.9B. INDIA Interest Rate Decision today at 23:30 this time estimated 4.00%, previously which was 4.00%.

TECHNICAL REPORT

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.35544, TAKE PROFIT AT 1.35754 AND STOP LOSS AT 1.35251

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.14172, TAKE PROFIT AT 1.14327 AND STOP LOSS AT 1.13979

EURGBP

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 0.84222, TAKE PROFIT AT 0.84358 AND STOP LOSS AT 0.84104

EURJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 131.785, TAKE PROFIT AT 132.040 AND STOP LOSS AT 131.569

CAC 40

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 7080.20 TAKE PROFIT AT 7121.30 AND STOP LOSS AT 7044.30.

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 87.76 TAKE PROFIT AT 88.64 AND STOP LOSS AT 86.79

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1826.31, TAKE PROFIT AT 1830.92 AND STOP AT 1822.95

LITECOIN USD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 136.259 TAKE PROFIT AT 142.946 AND STOP AT 131.628

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