Technical Analysis with Candlestick Charts – 21 October 2021

Technical Analysis

Technical Analysis with Candlestick Charts – 21 October 2021

Asia Pacific stocks were mixed on Thursday morning. The Shanghai Composite is down 0.05% at 3,585.70. Overall, the Singapore MSCI down 0.52% at 369.85. Over in Hong Kong, the Hang Seng Index down 0.93% at 25,913.00. In Japan, the Nikkei 225 was down 1.95% at 28,710.00, while the Topix index is down 1.33% at 2001.0. South Korea’s Kospi down 0.26% to 3006.37. Australia S&P/ASX 200 up 0.02% at 7415.4.

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.05% at 15522.92, CAC 40 futures up 0.54% at 6705.62 and the UK 100 futures contract in the U.K. down 0.30% at 7,198.6.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.43% at 35609.35. The S&P 500 up 0.37% at 4536.20 and the Nasdaq 100 down 0.19% at 15344.7, NYSE closes at 17099.20 up 0.65%.

In the Forex market, GBPUSD down 0.04% at 1.381. The USDJPY down 0.17% at 114.086. The USDCHF down 0.02% at 0.9186. EURUSD up 0.07% at 1.1655, EUR/GBP up 0.14% at 0.84349. The USD/CNY up 0.01% at 6.3941 at the time of writing.

In the commodity market U.S. Gold futures up 0.28% at $1,786.52. Elsewhere, Silver futures up 0.31% to $24.34 per ounce, Platinum up 0.36% at $1055.36 per ounce, and Palladium up 0.63% at $2086.00.

Crude Oil mix on Thursday; Brent crude oil down 0.58% at $85.36 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.19% at $80.29.

In the Cryptocurrency Markets, BTCUSD at 64588.11 down 2.12%, Ethereum down 0.07% at 4160.48, Litecoin at 208.26 up 1.44%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Ford Motor Co. up 4.021% at $16.04, AES Corp. up 3.644% at $25.03, eBay Inc. up 1.673% to $75.97, Netflix Inc. down 2.169% to $625.14, Fiserv Inc. down 1.06% to $110.11, McDonald’s Corp. down 1.256% at $239.72.

Economic news:

US: A group of 160 Republican lawmakers said addressing supply chain woes that have dramatically slowed the manufacture and shipment of goods around the United States must be fixed before considering new spending on social programs, according to a letter sent to President Joe Biden on Wednesday.

“We urge you to call on your congressional allies to halt discussions on a budget reconciliation bill that aims to reshape the social fabric of this country and instead work on real infrastructure solutions that focus on moving goods and people safely and efficiently,” said the letter signed by lawmakers including House Minority Leader Kevin McCarthy, Representative Sam Graves, the ranking member on the Transportation and Infrastructure Committee and others.

Eurozone: Britain and New Zealand have reached agreement in principle on a free trade deal designed to reduce tariffs, improve services trade, and take London one step closer to membership in a broader trans-Pacific trade agreement.

Prime ministers Boris Johnson and Jacinda Ardern sealed the deal in a Zoom call on Wednesday after 16 months of negotiation.

“This is a great trade deal for the United Kingdom, cementing our long friendship with New Zealand and furthering our ties with the Indo-Pacific,” Johnson said in a statement.

It comes only months after a similar British agreement with Australia as ministers in London look to flesh out a post-Brexit pivot away from relying on commerce with the European Union.

“This deal serves New Zealand’s economy and exporters well as we reconnect, rebuild and recover from COVID-19, and look forward into the future,” Ardern said at a news conference in Wellington, adding the deal was the country’s best ever.

Important Data: US Existing Home Sales (Sep) today at 10:00 this time estimated 6.09M, previously which was 5.88M. US Initial Jobless Claims today at 8:30 this time estimated 300K, previously which was 293K. JAPAN National Core CPI (YoY) (Sep) today at 19:30 this time estimated 0.1%, previously which was -0.2%. JAPAN Services PMI today at 20:30 previously which was 47.8.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.38018, TAKE PROFIT AT 1.38293 AND STOP LOSS AT 1.37834

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.16472, TAKE PROFIT AT 1.16648 AND STOP LOSS AT 1.16354

EURGBP

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.84376, TAKE PROFIT AT 0.84206 AND STOP LOSS AT 0.84603

EURJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 132.680, TAKE PROFIT AT 132.844 AND STOP LOSS AT 132.564.

S&P 500

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 4508.49 TAKE PROFIT AT 4520.37 AND STOP LOSS AT 4500.72

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 84.05 TAKE PROFIT AT 85.00 AND STOP LOSS AT 83.59

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1781.40, TAKE PROFIT AT 1789.08 AND STOP AT 1775.60

LITECOIN USD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 206.28 TAKE PROFIT AT 210.37 AND STOP AT 205.11

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