Technical Analysis with Candlestick Charts – 22 September 2021

Technical Analysis

Technical Analysis with Candlestick Charts – 22 September 2021

Asia Pacific stocks were down on Wednesday morning. The Shanghai composite is up 0.30% at 3,624.52. Overall, the Singapore MSCI down 0.69% at 352.10. Over in Hong Kong, the Hang Seng Index down 0.18% at 24,132.00. In Japan, the Nikkei 225 down 0.84% at 29,510.00, while the Topix index is down 1.12% at 2032.5. South Korea’s Kospi up 0.33% to 3140.51. Australia S&P/ASX 200 up 0.48% at 7308.6.

European equities Tuesday closing. The DAX futures contract in Germany traded down 1.43% at 15348.53, CAC 40 futures up 1.50% at 6552.74 and the UK 100 futures contract in the U.K. up 1.12% at 6,980.99.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.15% at 33919.85. The S&P 500 down 0.08% at 4354.18 and the Nasdaq 100 up 0.10% at 15027.77, NYSE closes at 16184.50 up 0.10%.

In the Forex market, GBPUSD down 0.02% at 1.36539. The USDJPY up 0.31% at 109.54. The USDCHF up 0.06% at 0.9241. EURUSD up 0.01% at 1.17223, EUR/GBP up 0.09% at 0.85864. The USD/CNY flat at 6.4655 at the time of writing.

In the commodity market U.S. Gold futures up 0.25% at $1,778.25. Elsewhere, Silver futures up 1.58% to $22.805 per ounce, Platinum up 0.77% at $961.62 per ounce, and Palladium up 1.63% at $1937.50.

Crude Oil up on Wednesday; Brent crude oil up 0.96% at $75.40 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.07% at $70.35.

In the Cryptocurrency Markets, BTCUSD at 42195.11 up 3.94%, Ethereum up 4.24% at 2883.19, Litecoin at 152.12 up 2.50%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

AutoZone Inc. up 3.653% at $1643.07, Twitter Inc. up 3.003% at $62.78, Moderna Inc. up 2.53% to $434.04, Walt Disney Co. down 4.166% to $171.17, Discovery Inc. down 3.317% to $24.19, General Electric Co. down 2.996% at $96.82.

Economic news:

US: Democrats in the House of Representatives passed a bill on Tuesday to fund the U.S. government through Dec. 3 and suspend the nation’s borrowing limit until the end of 2022, sending it to the Senate where Republicans have vowed to block it.

The House vote was 220-211 along party lines. It was unclear how soon the Senate would act.

If Republicans stick by their refusal to support the measure in the Senate, Democrats will have to come up with a new strategy or quickly face the twin problems of a government in partial shutdown that is unable to pay its bills and the risk of a default for the first time in modern history.

House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer set the stage on Monday for a showdown with Republicans when they said they would combine spending and debt measures in one bill, despite Senate Republican leader Mitch McConnell’s vow to block an increase in the $28.4 trillion debt ceiling.

Eurozone: The British public’s expectations for inflation over the coming year have shot up by a record amount this month, raising the risk that the Bank of England will send a hawkish message soon, Citi said on Tuesday.

The Citi/YouGov monthly inflation expectations survey showed that public inflation expectations for the next 12 months jumped to 4.1% in September from 3.1% in August, the biggest monthly increase since the survey began more than 15 years ago.

Longer-term inflation expectations for the next five to 10 years rose to 3.8% in September from 3.5% in August.

“Today’s data, especially the movement in long-term expectations, suggest growing risks inflation expectations could become de-anchored to the upside. The sharp increase risks a hawkish response from the (Monetary Policy Committee) this week,” Citi said.

Important Data: US Existing Home Sales (Aug) today at 10:00 this time estimated 5.89M, previously which was 5.99M. US Crude Oil Inventories today at 10:30 this time estimated -2.44M, previously which was -6.422M. US Fed Interest Rate Decision at 14:00 this time estimated 0.25%, previously which was 0.25%. JAPAN Foreign Bonds Buying today at 19:50 previously which was 1761.4B

TECHNICAL SUMMARY

GBPUSD

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 1.36412, TAKE PROFIT AT 1.36317 AND STOP LOSS AT 1.36611

EURUSD

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 1.17259, TAKE PROFIT AT 1.17039 AND STOP LOSS AT 1.17453

USDJPY

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 109.499, TAKE PROFIT AT 109.303 AND STOP LOSS AT 109.658

USDCHF

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 0.92357, TAKE PROFIT AT 0.92504 AND STOP LOSS AT 0.92280

S&P 500

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 4365.74 TAKE PROFIT AT 4347.47 AND STOP LOSS AT 4383.03

WTI CRUDE OIL

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 71.50 TAKE PROFIT AT 72.28 AND STOP LOSS AT 71.00

GOLD

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 1778.57, TAKE PROFIT AT 1767.04 AND STOP AT 1789.95

ETHEREUM

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 2952.40 TAKE PROFIT AT 2813.84 AND STOP AT 3046.01

About Author