TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 28 SEPTEMBER 2021

Technical Analysis

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 28 SEPTEMBER 2021

Asia Pacific stocks were mostly down on Tuesday morning. The Shanghai composite is up 0.41% at 3,597.57. Overall, the Singapore MSCI down 0.96% at 357.30. Over in Hong Kong, the Hang Seng Index up 1.68% at 24,574.00. In Japan, the Nikkei 225 down 0.53% at 29,920.00, while the Topix index is down 0.84% at 2055.5. South Korea’s Kospi down 1.14% to 3097.92. Australia S&P/ASX 200 down 1.47% at 7275.6.

European equities Monday closing. The DAX futures contract in Germany traded up 0.27% at 15573.88, CAC 40 futures up 0.19% at 6650.92 and the UK 100 futures contract in the U.K. up 0.17% at 7,063.39.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.21% at 34869.38. The S&P 500 down 0.28% at 4443.10 and the Nasdaq 100 down 0.61% at 15096.70, NYSE closes at 16599.79 up 0.37%.

In the Forex market, GBPUSD up 0.01% at 1.3692. The USDJPY up 0.31% at 111.333. The USDCHF up 0.29% at 0.9283. EURUSD down 0.11% at 1.16827, EUR/GBP down 0.03% at 0.85317. The USD/CNY flat at 6.4558 at the time of writing.

In the commodity market U.S. Gold futures down 0.38% at $1,742.94. Elsewhere, Silver futures down 0.63% to $22.465 per ounce, Platinum down 0.03% at $980.67 per ounce, and Palladium down 0.25% at $1961.50.

Crude Oil up on Tuesday; Brent crude oil up 1.50% at $80.56 per barrel while U.S. West Texas Intermediate (CLc1) is up 2.11% at $76.10.

In the Cryptocurrency Markets, BTCUSD at 42081.69 down 0.26%, Ethereum down 0.22% at 2917.46, Litecoin at 145.58 up 0.34%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Cimarex Energy Co. up 8.429% at $88.25, Marathon Oil Corp. up 6.304% at $13.66,

Devon Energy Corp. up 5.772% to $35.00, Moderna Inc. down 4.952% to $408.84,

Catalent Inc. down 3.502% to $136.39, Okta Inc. down 4.723% at $241.46.

Economic news:

US: The top Democrat and Republican on the U.S. Senate Foreign Relations Committee have urged President Joe Biden to “ensure full accountability” over a World Bank data-rigging controversy that has embroiled International Monetary Fund chief Kristalina Georgieva.

The panel’s chairman, Senator Robert Menendez, a Democrat, and Republican Senator James Risch, said in a letter released on Monday that Biden should direct the U.S. Treasury Department to “do their due diligence with all due haste and, as necessary, ensure full accountability.”

Georgieva, who has been the IMF’s managing director since April 2019, is pushing back against allegations in a World Bank outside investigation report that when she was the bank’s CEO in 2017, she applied “undue pressure” on staff to make data changes that boosted China’s rankings in the World Bank’s flagship “Doing Business” report on country investment climates.

On Friday, Georgieva called the allegations against her “false and spurious” and accused the office of the World Bank’s past president, Jim Yong Kim, of manipulating the data.

Eurozone: People in Britain should buy petrol as usual, environment minister George Eustice said on Monday, adding there was no shortage of fuel but problems were being caused by consumers panic buying fuel they didn’t need.

“The most important thing is that people just buy petrol as they normally would. There isn’t a shortage,” Eustice told broadcasters.

“There does come a time when things settle down, people get used to it and return to life as normal again. The quicker people do that the better… The only reason we don’t have petrol in forecourts is that people are buying petrol when they don’t need it.”

Important Data: US CB Consumer Confidence (Sep) today at 10:00 this time estimated 114.5, previously which was 113.8. US API Weekly Crude Oil Stock today at 16:30 previously which was -6.108M. UK BRC Shop Price Index (YoY) at 11:00 previously which was -0.8%. EURO ZONE ECB President Lagarde Speaks today at 08:00.                 

TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- SELL AT 1.36705, TAKE PROFIT AT 1.36518 AND STOP LOSS AT 1.36906

EURUSD

TRADE SUGGESTION- SELL AT 1.16735, TAKE PROFIT AT 1.16618 AND STOP LOSS AT 1.16967

EURGBP

TRADE SUGGESTION- SELL AT 0.85409, TAKE PROFIT AT 0.85303 AND STOP LOSS AT 0.85551

EURJPY

TRADE SUGGESTION- BUY AT 129.969, TAKE PROFIT AT 130.248 AND STOP LOSS AT 129.740

EURO STOXX 50

TRADE SUGGESTION- SELL AT 4095.00 TAKE PROFIT AT 4076.00 AND STOP LOSS AT 4112.00

WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 76.22 TAKE PROFIT AT 76.87 AND STOP LOSS AT 76.03

GOLD

TRADE SUGGESTION- SELL AT 1744.00, TAKE PROFIT AT 1738.00 AND STOP AT 1750.18

LITECOIN USD

TRADE SUGGESTION- SELL AT 145.88 TAKE PROFIT AT 141.74 AND STOP AT 152.56

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