Technical Analysis with Candlestick Charts – 22 November 2021

Technical Analysis

Technical Analysis with Candlestick Charts – 22 November 2021

Asia Pacific stocks were mixed on Monday morning. The Shanghai composite is up 0.64% at 3,583.22. Overall, the Singapore MSCI up 0.25% at 367.20. Over in Hong Kong, the Hang Seng Index down 0.25% at 24,927.00. In Japan, the Nikkei 225 flat at 29,780.00, while the Topix index is down 0.27% at 2042.5. South Korea’s Kospi up 1.42% to 3013.25. Australia S&P/ASX 200 down 0.59% at 7353.1.

European equities Friday closing. The DAX futures contract in Germany traded down 0.38% at 16159.97, CAC 40 futures down 0.42% at 7112.30 and the UK 100 futures contract in the U.K. up 0.39% at 7,243.90.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.75% at 35601.99. The S&P 500 down 0.14% at 4697.95 and the Nasdaq 100 up 0.55% at 16573.34, NYSE closes down 0.84% at 16973.96.

In the Forex market, GBPUSD down 0.01% at 1.3441. The USDJPY up 0.16% at 114.163. The USDCHF up 0.15% at 0.9299. EURUSD down 0.09% at 1.1271, EUR/GBP up 0.03% at 0.83845. The USD/CNY down 0.10% at 6.3803 at the time of writing.

In the commodity market U.S. Gold futures down 0.08% at $1,843.85. Elsewhere, Silver futures up 0.40% to $24.701 per ounce, Platinum up 0.42% at $1033.56 per ounce, and Palladium down 0.56% at $2047.00.

Crude Oil mix on Monday; Brent crude oil up 0.38% at $78.74 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.63% at $80.89.

In the Cryptocurrency Markets, Bitcoin at 57354.40 down 2.26%, Ethereum down 1.99% at 4181.22, Litecoin at 214.34 down 3.56%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Micron Technology Inc. up 7.803% at $83.03, Moderna Inc. up 4.92% at $263.78,

NVIDIA Corp. up 4.136% to $329.85, Tesla Inc. up 3.71% to $1,137.06, Discovery Inc. down 5.922% to $25.26, Boeing Co. down 5.773% at $214.13.

Economic news:

US: Thanksgiving dinner will cost U.S. consumers an average of 14% more this year in the biggest annual increase in 31 years, the American Farm Bureau Federation said, though shoppers can still find deals in grocery stores.

Rising food and gas prices are squeezing U.S. consumers as the pandemic snarls global supply chains and the economic drag from the summer wave of COVID-19 infections fades.

The Farm Bureau, which represents U.S. farmers and the broader agriculture industry, pointed to inflation and supply-chain disruptions for lifting the average cost of a Thanksgiving dinner for 10 people to $53.31 from a 10-year-low $46.90 in 2020. The cost is based on Farm Bureau shoppers who checked prices for turkey, cranberries, dinner rolls and other staples in stores from Oct. 26 to Nov. 8.

Eurozone: Britain will host foreign and development ministers from the G7 group of industrialised nations and from the Association of Southeast Asian Nations (ASEAN) at a summit in Liverpool from Dec. 10 to Dec. 12, it said on Monday.

The summit will address issues including economic resilience post-COVID-19, global health and human rights, Britain’s Foreign Office said in a statement.

Among the ministers due to attend are those from Malaysia, Thailand and Indonesia, it said, adding that it was the first inclusion of ASEAN countries at a G7 foreign ministers’ summit and this reflected “the UK’s growing Indo-Pacific tilt”.

Britain holds the rotating presidency of the G7 in 2021 and has already hosted the COP climate summit in Glasgow this month and the G7 leaders’ summit in Carbis Bay in June.

Important Data: US Existing Home Sales (Oct) today at 10:00 this time estimated 6.2M, previously which was 6.29M. NEW ZEALAND Retail Sales (QoQ) (Q3) at 16:45 previously which was 3.3%. US Existing Home Sales (Oct) today at 10:00 this time estimated 6.2M, previously which was 6.29M. CANADA Wholesale Sales (MoM) today at 7:30 previously which was 1.0%.

TECHNICAL SUMMARY

GBPUSD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.34319, TAKE PROFIT AT 1.34057 AND STOP LOSS AT 1.34681

EURUSD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.12704, TAKE PROFIT AT 1.12614 AND STOP LOSS AT 1.12813

USDJPY Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 114.204, TAKE PROFIT AT 114.432 AND STOP LOSS AT 113.990

USDCHF Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 0.93025, TAKE PROFIT AT 0.93240 AND STOP LOSS AT 0.92902.

EURO STOXX 50 Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 4360.00 TAKE PROFIT AT 4400.00 AND STOP LOSS AT 4325.00

WTI CRUDE OIL Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 75.81 TAKE PROFIT AT 74.55 AND STOP LOSS AT 76.65

GOLD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1843.06, TAKE PROFIT AT 1854.58 AND STOP AT 1833.34

BTCUSD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 57296.20 TAKE PROFIT AT 55898.59 AND STOP AT 58506.96

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