Technical Analysis with Candlestick Charts – 25 February 2022

Technical Analysis with Candlestick Charts – 25 February 2022

Technical Analysis

Asia Pacific stocks were up on Friday morning. The Shanghai composite is up 0.50% at 3,445.33. Overall, the Singapore MSCI up 0.76% at 332.40. Over in Hong Kong, the Hang Seng Index down 0.70% at 22,734.00. In Japan, the Nikkei 225 up 2.01% at 26,450.00, while the Topix index is up 1.05% at 1877.50. South Korea’s Kospi up 1.11% to 2678.16. Australia S&P/ASX 200 up 0.10% at 6997.80.

European equities Thursday closing. The DAX futures contract in Germany traded down 3.96% at 14052.10, CAC 40 futures down 3.83% at 6521.06 and the UK 100 futures contract in the U.K. down 3.88% at 7,207.37.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.28% at 33223.84. The S&P 500 up 1.50% at 4288.69 and the Nasdaq 100 up 1.19% at 170.19, NYSE closes down 0.15% at 15995.99.

In the Forex market, GBPUSD up 0.39% at 1.3424. The USDJPY down 0.23% at 115.225. The USDCHF down 0.18% at 0.9234. EURUSD up 0.23% at 1.1216, EUR/GBP down 0.06% at 0.8354. The USD/CNY down 0.21% at 6.3132 at the time of writing.

In the commodity market U.S. Gold futures up 0.72% at $1,916.70. Elsewhere, Silver futures up 0.65% at $24.366 per ounce, Platinum up 0.38% at $1060.50 per ounce, and Palladium up 1.95% at $2462.00.

Crude Oil up on Friday; Brent crude oil up 1.96% at $100.98 per barrel while U.S. West Texas Intermediate (CLc1) up 1.58% at $93.97.

In the Cryptocurrency Markets, Bitcoin at 38600.59 up 0.58%, Ethereum up 0.98% at 2624.52 Litecoin at 103.26 down 0.98%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Moderna Inc. up 15.104% at $156.23, Fortinet Inc. up 11.226% at $316.45, ETSY Inc. up 9.999% to $128.16, Dexcom Inc. up 8.613% at $408.72, NetApp Inc. down 5.708% to $79.29, Citigroup Inc. down 4.034% at $60.67.

Economic news:

US: The U.S. Treasury Department said on Thursday that its Emergency Rental Assistance Program spent or obligated more than $25 billion in 2021 to help eligible Americans stay in their homes, with over 80% of the total going to very low-income households.

The Treasury, releasing demographic data on the program for the first time, said that during the fourth quarter of 2021, more than 40% of primary applicants receiving assistance self-identified as Black, and more than 20% as Latino

Female-headed households accounted for nearly two-thirds of rental assistance during the quarter, according to the Treasury data. Research by Princeton University’s Eviction Lab shows similar rates of eviction proceedings against these groups, Treasury said.

U.S. Deputy Treasury Secretary Wally Adeyemo said in a statement that the $46.6 billion program created in COVID-19 aid acts passed in December 2020 and March 2021 was aimed at preventing an eviction crisis among the most vulnerable.

Eurozone: European Union leaders agreed on Thursday to impose new economic sanctions on Russia, joining the United States and Britain in trying to punish President Vladimir Putin and his allies for unleashing a full-scale attack on Ukraine.

However, the bloc held back from taking the harshest measures sought by Ukraine and split over just how far to take the sanctions, leaving details to be worked out in the coming days.

Russia’s forces rained missiles on its southern neighbour through the day in the biggest attack by one state against another in Europe since World War Two..

Leaders of the 27-nation bloc lambasted Putin at an emergency summit in Brussels, with Latvian Prime Minister Krisjanis Karins describing him as “a deluded autocrat creating misery for millions”.

The EU will freeze Russian assets in the bloc and halt its banks’ access to European financial markets as part of what EU foreign policy chief Josep Borrell described as “the harshest package of sanctions we have ever implemented”.

Important Data: Germany GDP (QoQ) (Q4) today at 2:00 this time estimated -0.70%, previously which was 1.70%. French GDP (QoQ) (Q4) today at 2:45 this time estimated 0.7%, previously which was 3.1%. US Personal Spending (MoM) (Jan) today at 8:30 this time estimated 1.5%, previously which was -0.6%. CANADA Wholesale Sales (MoM) today at 8:30 previously which was 0.6%. US Pending Home Sales (MoM) (Jan) today at 10:00 this time estimated 1.0%, previously which was -3.80%.

Technical Summary

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.34167, TAKE PROFIT AT 1.33852 AND STOP LOSS AT 1.34577

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.12043, TAKE PROFIT AT 1.11533 AND STOP LOSS AT 1.12324

USDJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 115.203, TAKE PROFIT AT 115.575 AND STOP LOSS AT 114.989

USDCHF

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 0.9232, TAKE PROFIT AT 0.9257 AND STOP LOSS AT 0.9224

FTSE 100

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 7250.50 TAKE PROFIT AT 7203.70 AND STOP LOSS AT 7292.80

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 94.90 TAKE PROFIT AT 96.68 AND STOP LOSS AT 93.95

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1916.23, TAKE PROFIT AT 1920.89 AND STOP AT 1914.81

ETHEREUM

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 2605.33 TAKE PROFIT AT 2495.79 AND STOP AT 2709.30

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