Technical Analysis with Candlestick Charts – 12 October 2021

Technical Analysis

Technical Analysis with Candlestick Charts – 12 October 2021

Asia Pacific stocks were down on Tuesday morning. The Shanghai composite is down 1.86% at 3,524.84. Overall, the Singapore MSCI down 1.15% at 353.40. Over in Hong Kong, the Hang Seng Index down 1.30% at 28,130.00. In Japan, the Nikkei 225 down 1.30% at 28,130.00, while the Topix index is down 0.95% at 1976.0. South Korea’s Kospi down 1.35% to 2916.38. Australia S&P/ASX 200 down 0.26% at 7280.7.

European equities Monday closing. The DAX futures contract in Germany traded down 0.05% at 15199.14, CAC 40 futures up 0.16% at 6570.55 and the UK 100 futures contract in the U.K. up 0.72% at 7,146.85.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.72% at 34496.07. The S&P 500 down 0.69% at 4361.20 and the Nasdaq 100 down 0.43% at 14636.2, NYSE closes at 16430.06 down 0.53%.

In the Forex market, GBPUSD up 0.09% at 1.36048. The USDJPY down 0.16% at 113.117. The USDCHF down 0.10% at 0.9267. EURUSD up 0.16% at 1.15678, EUR/GBP up 0.11% at 0.8502. The USD/CNY up 0.02% at 6.4519 at the time of writing.

In the commodity market U.S. Gold futures up 0.42% at $1,760.89. Elsewhere, Silver futures up 0.31% to $22.61 per ounce, Platinum up 0.91% at $1015.47 per ounce, and Palladium up 0.17% at $2114.50.

Crude Oil up on Tuesday; Brent crude oil up 0.10% at $83.74 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.70% at $79.52.

In the Cryptocurrency Markets, BTCUSD at 57396.74 down 0.15%, Ethereum down 1.39% at 3494.66, Litecoin at 173.70 down 3.06%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Mosaic Co. up 3.762% at $41.92, Gap Inc. down 4.828% at $22.08, ETSY Inc. down 4.566% to $202.34, Comcast Corp. down 4.534% to $52.22, Seagen Inc. up 0.179% to $162.15, Fiserv Inc. down 3.819% at $103.77.

Economic news:

US: Two dozen countries have joined a U.S.- and EU-led effort to slash methane emissions 30% by 2030 from 2020 levels, giving the emerging global partnership momentum ahead of its launch at the U.N. climate summit in Glasgow later this month.

Nigeria, Japan and Pakistan are among the 24 new signatories to the Global Methane Pledge, which was first announced by the United States and EU in September with the aim of galvanizing rapid climate action before the start of the Scotland summit on Oct. 31.

The pledge will now cover 60% of global GDP and 30% of global methane emissions. If fulfilled, it would have a significant impact on the energy, agriculture and waste sectors responsible for the bulk of methane emissions.

The new signatories include Canada, the Central African Republic, Congo-Brazzaville, Costa Rica, Cote d’Ivoire, the Democratic Republic of the Congo, Micronesia, France, Germany, Guatemala, Guinea, Israel, Japan, Jordan, Kyrgyzstan, Liberia, Malta, Morocco, Nigeria, Pakistan, the Philippines, Rwanda, Sweden and Togo, the U.S. State Department and EU confirmed on Monday.

Eurozone: British employers added 207,000 staff in September, taking their payrolls to a record high shortly before the end of the government’s wage subsidies programme, figures showed on Tuesday.

Separate official data showed the unemployment rate was 4.5% in the three months to August.

Economists polled by Reuters had expected the unemployment rate to fall to 4.5% from 4.6% in the three months to July.

Finance minister Rishi Sunak said the government was committed to helping people find work after the expiry of the furlough scheme which is believed to have covered around 1 million people when it ended on Sept. 30.

Average weekly earnings were 7.2% higher than in the same three months of 2020, slowing from the previous reading of 8.3%

Important Data: US JOLTs Job Openings (Aug) today at 10:00 this time estimated 10.925M, previously which was 10.934M. CHINA Exports (YoY) (Sep) today at 23:00 this time estimated 21%, previously which was 25.6%. CHINA Imports (YoY) (Sep) today at 23:00 this time estimated 20%, previously which was 33.1%. AUSTRALIA HIA New Home Sales (MoM) today at 21:00 previously which was

5.8%.

TECHNICAL SUMMARY

GBPUSD

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 1.35860, TAKE PROFIT AT 1.35658 AND STOP LOSS AT 1.36108

EURUSD

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 1.15541, TAKE PROFIT AT 1.15427 AND STOP LOSS AT 1.15679

USDJPY

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 113.206, TAKE PROFIT AT 113.374 AND STOP LOSS AT 113.026

USDCHF

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 0.92679, TAKE PROFIT AT 0.92394 AND STOP LOSS AT 0.93012

DAX 30

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 15091.00 TAKE PROFIT AT 15009.30 AND STOP LOSS AT 15198.40

WTI CRUDE OIL

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 80.32 TAKE PROFIT AT 80.90 AND STOP LOSS AT 79.81

GOLD

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 1759.29, TAKE PROFIT AT 1766.89 AND STOP AT 1750.79

LITECOIN USD

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 173.95 TAKE PROFIT AT 170.87 AND STOP AT 176.90

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