Technical Analysis with Candlestick Charts – 25 November 2021

Technical Analysis

Technical Analysis with Candlestick Charts – 25 November 2021

Asia Pacific stocks were mostly down on Thursday morning. The Shanghai composite is down 0.19% at 3,586.05. Overall, the Singapore MSCI down 0.33% at 362.45. Over in Hong Kong, the Hang Seng Index down 0.05% at 24,425.00. In Japan, the Nikkei 225 up 0.54% at 29,530.00, while the Topix index is up 0.15% at 2027.0. South Korea’s Kospi down 0.41% to 2982.74. Australia S&P/ASX 200 up 0.09% at 7406.1.

European equities Wednesday closing. The DAX futures contract in Germany traded down 0.37% at 15878.00, CAC 40 futures down 0.03% at 7042.24 and the UK 100 futures contract in the U.K. up 0.27% at 7,286.33.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.03% at 35804.39. The S&P 500 up 0.23% at 4701.45 and the Nasdaq 100 up 0.37% at 16367.81, NYSE closes up 0.17% at 17036.80.

In the Forex market, GBPUSD up 0.15% at 1.3345. The USDJPY down 0.03% at 115.372. The USDCHF down 0.02% at 0.9336. EURUSD up 0.14% at 1.12133, EUR/GBP up 0.01% at 0.84027. The USD/CNY down 0.05% at 6.3882 at the time of writing.

In the commodity market U.S. Gold futures up 0.23% at $1,792.11. Elsewhere, Silver futures up 0.30% to $23.596 per ounce, Platinum up 1.58% at $990.48 per ounce, and Palladium up 1.97% at $1890.00.

Crude Oil mix on Thursday; Brent crude oil up 0.22% at $82.36 per barrel while U.S. West Texas Intermediate (CLc1) is down 2.65% at $79.02.

In the Cryptocurrency Markets, Bitcoin at 57189.67 up 0.01%, Ethereum up 0.23% at 4280.45, Litecoin at 217.12 up 2.25%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

HP Inc. up 10.096% at $35.44, ETSY Inc. up 6.218% at $296.91, NetApp Inc. up 3.481% to $89.78, Gap Inc. down 24.117% to $17.84, Autodesk Inc. down 15.493% to $256.9, Best Buy Co Inc. down 3.57% at $116.69.

Economic news:

US: The U.S. Federal Communications Commission (FCC) on Wednesday asked a federal appeals court to reject China Telecom (NYSE:CHA) Corp’s bid to continue providing services in the United States, after the telecommunications regulator revoked its authorization to operate last month.

The U.S. arm of China’s largest Chinese telecommunications company asked the U.S. Appeals Court for the District of Columbia this month to block the order.

“China Telecom has no likelihood of succeeding on its claims,” lawyers for the Justice Department and FCC wrote in a court filing Wednesday.

China Telecom Americas, which declined to comment Wednesday, was ordered on Oct. 26 by the FCC to discontinue U.S. services by early January over national security concerns.

The FCC said China Telecom “is subject to exploitation, influence, and control by the Chinese government and is highly likely to be forced to comply with Chinese government requests without sufficient legal procedures subject to independent judicial oversight.”

Eurozone: Britain will expand the size and reach of its development finance institution to provide billions of pounds of investment in infrastructure and technology in countries across Asia, Africa and the Caribbean, the government said.

Announcing a plan to rebrand government-owned development investment company CDC as British International Investment (BII), the Foreign Office said the move was part of a strategy to deepen economic, security and development ties globally.

“Too many countries have become indebted with strings-attached investment and we want to provide an honest, reliable alternative that is going to enable those countries to grow,” Foreign Secretary Liz Truss told Reuters ahead of Thursday’s launch at an event at the London Stock Exchange.

BII will have 9 billion pounds ($12 billion) of finance by 2025, Truss said. Alongside continuing with CDC’s current remit of Africa and South Asia, BII will also invest in low- and middle-income countries in the Indo-Pacific and Caribbean.

Important Data: Germany GDP (QoQ) (Q3) today at 2:00 this time estimated 1.8%, previously which was 1.8%. JAPAN Tokyo Core CPI (YoY) (Nov) at 18:30 this time estimated 0.4%, previously which was 0.1%. Germany Consumer Climate (Dec) today at 2:00 this time estimated -0.5, previously which was 0.9. AUSTRALIA Retail Sales (MoM) (Oct) today at 19:30 this time estimated 2.5%, previously which was 1.3%.

TECHNICAL SUMMARY

GBPUSD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.3339, TAKE PROFIT AT 1.3316 AND STOP LOSS AT 1.3355

EURUSD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.12091, TAKE PROFIT AT 1.12030 AND STOP LOSS AT 1.12168

USDJPY Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 115.360, TAKE PROFIT AT 115.449 AND STOP LOSS AT 115.288

USDCHF Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 0.9336, TAKE PROFIT AT 0.9351 AND STOP LOSS AT 0.9329.

DOW JONES Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 35888.00 TAKE PROFIT AT 35775.00 AND STOP LOSS AT 36060.00

WTI CRUDE OIL Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 78.19 TAKE PROFIT AT 77.81 AND STOP LOSS AT 78.61

GOLD Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1792.62, TAKE PROFIT AT 1783.49 AND STOP AT 1803.64

ETHEREUM Technical Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 4271.37 TAKE PROFIT AT 4161.30 AND STOP AT 4390.07

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