Technical Analysis with Candlestick Charts – 15 October 2021

Technical Analysis with Candlestick Charts – 15 October 2021

Asia Pacific stocks were mostly up on Friday morning. The Shanghai Composite is up 0.29% at 3,568.66. Overall, the Singapore MSCI is up 0.14% at 367.40. Over in Hong Kong, the Hang Seng Index 0.65% at 25,130.00. In Japan, the Nikkei 225 is up 1.33% at 28,950.00, while the Topix index is up 1.38% at 2016.0. South Korea’s Kospi is up 0.92% to 3016.21. Australia S&P/ASX 200 up 0.76% at 7367.5.

European equities Thursday closing. The DAX futures contract in Germany traded up 1.40% at 15462.72, CAC 40 futures up 1.33% at 6685.22 and the UK 100 futures contract in the U.K. up 0.23% at 7,239.0.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.56% at 34912.57. The S&P 500 up 1.71% at 4438.25 and the Nasdaq 100 up 0.20% at 15111.2, NYSE closes at 16744.28 up 1.40%.

In the Forex market, GBPUSD up 0.11% at 1.36854. The USDJPY up 0.26% at 113.976. The USDCHF up 0.01% at 0.9229. EURUSD up 0.10% at 1.16077, EUR/GBP up 0.05% at 0.8481. The USD/CNY down 0.07% at 6.4353 at the time of writing.

In the commodity market U.S. Gold futures down 0.09% at $1,793.91. Elsewhere, Silver futures down 0.14% to $23.459 per ounce, Platinum up 0.31% at $1056.73 per ounce, and Palladium up 0.16% at $2134.50.

Crude Oil up on Friday; Brent crude oil up 0.61% at $84.60 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.38% at $79.72.

In the Cryptocurrency Markets, BTCUSD at 59689.74 up 4.06%, Ethereum up 0.84% at 3622.31, Litecoin at 184.77 up 2.21%, at the time of writing.

TOP STOCKS TO WATCH OUT FOR TODAY:

APA Corp (US) up 6.542% at $26.22, Bank of America Corp. up 4.474% at $45.07,

Western Digital Corp. up 4.317% to $56.55, Boeing Co. down 1.957% to $217.44,

Wells Fargo & Co. down 1.607% to $45.31, Discovery Inc. down 1.381% at $24.28.

Economic news:

US: U.S. President Joe Biden on Thursday signed legislation temporarily raising the government’s borrowing limit to $28.9 trillion, pushing off the deadline for debt default only until December.

Without the increase in the debt ceiling, the U.S. Treasury had estimated it would run out of money to pay the nation’s bills on Oct. 18.

The $480 billion increase in the borrowing limit signed by Biden is expected to be exhausted by Dec. 3.

Following weeks of partisan fighting, the Senate approved the short-term fix last week and the House of Representatives passed it on Tuesday.

Senate Republican leader Mitch McConnell wrote in a letter to Biden after the Senate vote that he would not help Democrats again in raising the debt limit.

McConnell wants Democrats to use a procedural move known as reconciliation, which would not require Republican votes, to raise the borrowing authority. Democrats have rejected that as an option for lifting the cap.

Eurozone: Britain’s plan for a “green industrial revolution” has already attracted billions of pounds of investment, the government said on Thursday ahead of an investment summit in London which will bring together some of the world’s most powerful financiers.

Government data showed that investment worth 5.85 billion pounds ($8.01 billion) had been delivered or committed since November 2020, when Prime Minister Boris Johnson launched a 10-point plan to prioritize green technology and climate goals in Britain’s economic recovery from the COVID-19 pandemic.

The plan targets 42 billion pounds of private investment by 2030 in energy, buildings, transport, innovation, and the natural environment, alongside the creation of 250,000 “green jobs”.

Britain is keen to promote its green credentials before hosting the COP26 U.N. climate conference in Glasgow next month, where it will try to broker a complex international deal to stall rising global temperatures.

The government also wants to attract funding that will help it gain an edge in the developed world’s race to capitalize on the demand for better green technology and the highly skilled, highly-paid jobs that should come with it.

Important Data: US Core Retail Sales (MoM) (Sep) today at 8:30 this time estimated 0.5%, previously which was 1.8%. CANADA Wholesale Sales (MoM) (Aug)  today at 8:30 this time estimated 0.5%, previously which was -2.1%. Italian CPI (MoM) (Sep) today at 4:00 this time estimated -0.1%, previously which was 0.4%. EUROZONE Trade Balance (Aug) today at 5:00 this time estimated 16.1B, previously which was 20.7B.

TECHNICAL SUMMARY

GBPUSD

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 1.36724, TAKE PROFIT AT 1.36906 AND STOP LOSS AT 1.36540

EURUSD

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 1.16010, TAKE PROFIT AT 1.15840 AND STOP LOSS AT 1.16114

USDJPY

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 114.077, TAKE PROFIT AT 114.148 AND STOP LOSS AT 113.934

USDCHF

Technical analysis
Technical analysis

TRADE SUGGESTION- SELL AT 0.92258, TAKE PROFIT AT 0.92072 AND STOP LOSS AT 0.92485

NASDAQ 100

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 15077.49 TAKE PROFIT AT 15169.83 AND STOP LOSS AT 14995.95

WTI CRUDE OIL

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 82.07 TAKE PROFIT AT 85.00 AND STOP LOSS AT 81.84

GOLD

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 1790.29, TAKE PROFIT AT 1798.65 AND STOP AT 1783.34

BTCUSD

Technical analysis
Technical analysis

TRADE SUGGESTION- BUY AT 59401.07 TAKE PROFIT AT 59588.29 AND STOP AT 59325.61

About Author