Technical Analysis with Candlestick Charts – 25 October 2021

Technical Analysis

Technical Analysis with Candlestick Charts – 25 October 2021

Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is up 0.75% at 3,609.52. Overall, the Singapore MSCI down 0.20% at 370.85. Over in Hong Kong, the Hang Seng Index up 0.17% at 26,153.00. In Japan, the Nikkei 225 down 0.87% at 28,620.00, while the Topix index is down 0.40% at 1996.0. South Korea’s Kospi up 0.48% to 3020.54. Australia S&P/ASX 200 up 0.34% at 7441.0.

European equities Friday closing. The DAX futures contract in Germany traded up 0.46% at 15542.98, CAC 40 futures up 0.71% at 6733.70 and the UK 100 futures contract in the U.K. up 0.14% at 7,231.8.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.21% at 35677.03. The S&P 500 down 0.11% at 4544.91 and the Nasdaq 100 up 0.35% at 15392.4, NYSE closes at 17122.24 up 0.23%.

In the Forex market, GBPUSD up 0.13% at 1.376. The USDJPY up 0.19% at 113.686. The USDCHF up 0.13% at 0.9172. EURUSD up 0.01% at 1.1646, EUR/GBP up 0.02% at 0.84597. The USD/CNY down 0.03% at 6.3818 at the time of writing.

In the commodity market U.S. Gold futures up 0.23% at $1,796.47. Elsewhere, Silver futures up 0.41% to $24.39 per ounce, Platinum up 0.09% at $1041.47 per ounce, and Palladium up 0.42% at $2032.00.

Crude Oil up on Monday; Brent crude oil up 0.37% at $86.02 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.14% at $80.24.

In the Cryptocurrency Markets, BTCUSD at 62002.00 up 1.79%, Ethereum up 1.02% at 4123.95, Litecoin at 193.17 up 1.24%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

eBay Inc. up 5.747% at $80.59, Equifax Inc. up 5.014% at $268.28, Intel Corp. down 11.679% to $49.46, Twitter Inc. down 4.832% to $62.24, Moderna Inc. down 3.837% to $326.54, Hasbro Inc. down 3.201% at $89.50.

Economic news:

US: U.S. Treasury Secretary Janet Yellen said on Sunday that the United States was not losing control of inflation, and that she expected inflation levels to return to normal by the second half of next year.

Yellen, in an interview on CNN, said spending in President Joe Biden’s domestic infrastructure and Build Back Better packages would be allocated over the next 10 years, but she did not say whether that would exacerbate inflation.

“I don’t think we’re about to lose control of inflation,” Yellen said.

“On a 12-month basis, the inflation rate will remain high into next year because of what’s already happened. But I expect improvement by the middle to end of next year – second half of next year,” Yellen said.

Supply chain snags have bedevilled the United States and other countries as economic reopening spur a surge in demand.

Eurozone: The European Central Bank should tighten the rules governing personal investments by its policymakers if it wants to steer clear of controversies like that embroiling the Federal Reserve, lawmakers, academics and transparency activists say.

Their proposals include having the euro zone’s rate-setters only invest via wealth managers, publishing the time of any personal trade, and barring them from touching securities that directly benefit from the ECB’s asset-purchase programmes.

The Fed on Thursday banned individual stock purchases by its top officials and unveiled other restrictions after an uproar over trades made in 2020, when the U.S. central bank intervened to stop a collapse in financial markets as the pandemic raged.

The ECB’s own disclosures for last year show 13 of the 25 members of the Governing Council picked their own funds, stocks and bonds – in some cases including government bonds the ECB is hoovering up under its stimulus programmes or shares in companies whose debt it buys.

Ten rate-setters had no or negligible investments while two had an independent manager look after their wealth.

There has been no suggestion of wrongdoing by any of the ECB’s policymakers, whose decisions – such as setting interest rates or buying trillions of euros worth of bonds – influence financial markets.

Important Data: JAPAN Leading Index (MoM) today at 1:00 this time estimated -2.3%, previously which was -0.1%. German Current Assessment (Oct) at 4:00 this time estimated 99.4, previously which was 100.4. CANADA Wholesale Sales (MoM) today at 8:30 previously which was 0.3%. US 3-Month Bill Auction today at 11:30 previously which was 0.055%.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.37830, TAKE PROFIT AT 1.38147 AND STOP LOSS AT 1.37609

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.16549, TAKE PROFIT AT 1.16808 AND STOP LOSS AT 1.16356

USDJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 113.63, TAKE PROFIT AT 114.06 AND STOP LOSS AT 113.44

USDCHF

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.91623, TAKE PROFIT AT 0.91501 AND STOP LOSS AT 0.91770.

CAC 40

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 6730.10 TAKE PROFIT AT 6765.80 AND STOP LOSS AT 6705.10

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 84.36 TAKE PROFIT AT 84.53 AND STOP LOSS AT 84.22

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1799.95, TAKE PROFIT AT 1806.48 AND STOP AT 1793.80

LITECOIN USD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 194.69 TAKE PROFIT AT 190.93 AND STOP AT 197.13

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