Technical Analysis with Candlestick Charts – 26 November 2021

Technical Analysis

Technical Analysis with Candlestick Charts – 26 November 2021

Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 0.56% at 3,563.57. Overall, the Singapore MSCI down 1.65% at 357.00. Over in Hong Kong, the Hang Seng Index down 2.33% at 24,172.00. In Japan, the Nikkei 225 down 2.74% at 28,710.00, while the Topix index is down 1.98% at 1984.0. South Korea’s Kospi down 1.45% to 2937.43. Australia S&P/ASX 200 down 1.73% at 7279.3.

European equities Thursday closing. The DAX futures contract in Germany traded up 0.25% at 15917.98, CAC 40 futures up 0.48% at 7075.88 and the UK 100 futures contract in the U.K. up 0.33% at 7,310.38.

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 down 0.14% at 1.32993. The USDJPY down 0.58% at 114.647. The USDCHF down 0.40% at 0.9318. EURUSD up 0.15% at 1.12230, EUR/GBP up 0.38% at 0.84381. The USD/CNY up 0.08% at 6.3913 at the time of writing.

In the commodity market U.S. Gold futures up 0.53% at $1,798.14. Elsewhere, Silver futures up 0.01% to $23.579 per ounce, Platinum down 0.89% at $986.16 per ounce, and Palladium up 0.38% at $1873.50.

Crude Oil down on Friday; Brent crude oil down 2.64% at $80.07 per barrel while U.S. West Texas Intermediate (CLc1) is down 2.65% at $79.02.

In the Cryptocurrency Markets, Bitcoin at 57858.22 down 1.92%, Ethereum down 1.97% at 4436.78, Litecoin at 217.77 down 2.44%, 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: Americans flocked to parades, packed football stadiums and gathered more freely for family feasts on Thursday, grateful to celebrate Thanksgiving Day traditions again after the pandemic kept many at home last year.

The holiday dates to the early 17th century, when Pilgrims from Europe and Native Americans gathered to share the autumn bounty – a celebration of goodwill before the genocide that was to come. Nowadays, the approach of the long holiday weekend typically ignites a frenzy of travel as scattered families come together for holiday meals.

With COVID-19 deaths and infections soaring last year, many people shared turkey dinners over Zoom. Now that vaccines have made the pandemic more manageable, an estimated 53.4 million people were expected to travel for Thanksgiving, up 13% from 2020, according to the American Automobile Association.

Eurozone: Improving digital trade would provide huge opportunities for British businesses and help boost economic growth, the government’s Board of Trade said, setting out how it aims to become a world leader in modern services and online goods.

In a report on digital trade to be published on Friday, the board, headed by trade minister Anne-Marie Trevelyan, said the government should look to strike digital trade deals and help shape global trade rules suitable for the modern world.

“By addressing digital protectionism on the global stage and championing a free, open, and competitive digital economy, more UK companies will be able to export their innovative, high-quality services and goods globally,” Trevelyan said in a statement.

In October, Britain helped broker a deal between the Group of Seven wealthy nations on principles to govern cross-border data use and digital trade in a first step to reducing barriers.

The Board of Trade, a government body tasked with championing exports and inward investment, said Britain should aim to build on the G7 agreement by working with partners to pursue a wider international consensus on digital rules, norms and standards.

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: EURO ZONE M3 Money Supply (YoY) (Oct) today at 4:00 this time estimated 7.4%, previously which was 7.4%. SWITZERLAND GDP (YoY) (Q3) at 3:00 this time estimated 3.2%, previously which was 7.7%. CANADA Budget Balance (YoY) (Sep) today at 11:00 previously which was -57.15B. Germany Import Price Index (YoY) (Oct) today at 2:00 this time estimated 19.6%, previously which was 17.7%.        

TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- SELL AT 1.3296, TAKE PROFIT AT 1.3293 AND STOP LOSS AT 1.3298

EURUSD

TRADE SUGGESTION- SELL AT 1.12189, TAKE PROFIT AT 1.11886 AND STOP LOSS AT 1.12409

EURGBP

TRADE SUGGESTION- SELL AT 0.84369, TAKE PROFIT AT 0.84194 AND STOP LOSS AT 0.84603

EURJPY

TRADE SUGGESTION- SELL AT 128.551, TAKE PROFIT AT 127.905 AND STOP LOSS AT 129.115.

HANG SENG

TRADE SUGGESTION- SELL AT 24125.00 TAKE PROFIT AT 23825.00 AND STOP LOSS AT 24394.00

WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 75.36 TAKE PROFIT AT 74.14 AND STOP LOSS AT 76.57

GOLD

TRADE SUGGESTION- BUY AT 1802.50, TAKE PROFIT AT 1819.10 AND STOP AT 1783.38

BTCUSD

TRADE SUGGESTION- SELL AT 57466.60 TAKE PROFIT AT 55800.52 AND STOP AT 58944.98

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