Daily Technical Analysis Report By Capital Street Fx

[CSFXNEWS]

Asia Pacific stocks were mostly up on Friday morning. The Shanghai composite is down 0.66% at 3,619.15. Overall, the Singapore MSCI up 0.25% at 336.25. Over in Hong Kong, the Hang Seng Index up 0.06% at 23,223.00. In Japan, the Nikkei 225 flat at 28,710.00, while the Topix index is down 0.18% at 1981.5. South Korea’s Kospi up 0.48% to 3012.43. Australia S&P/ASX 200 up 0.44% at 7420.3.

European equities Thursday closing. The DAX futures contract in Germany traded up 1.04% at 15756.31, CAC 40 futures up 0.77% at 7106.16 and the UK 100 futures contract in the U.K. up 0.43% at 7,373.35.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.55% at 35950.57. The S&P 500 up 0.62% at 4725.78 and the Nasdaq 100 up 0.79% at 16308.21, NYSE closes up 0.52% at 16963.44.

In the Forex market, GBPUSD down 0.10% at 1.33956. The USDJPY up 0.01% at 114.393. The USDCHF down 0.03% at 0.91717. EURUSD up 0.06% at 1.13304, EUR/GBP up 0.10% at 0.84531. The USD/CNY flat at 6.3668 at the time of writing.

In the commodity market U.S. Gold futures down 0.03% at $1,808.00. Elsewhere, Silver futures down 0.05% at $22.870 per ounce, Platinum down 0.05% at $970.50 per ounce, and Palladium up 3.18% at $1948.50.

Crude Oil mix on Friday; Brent crude oil down 0.44% at $76.42 per barrel while U.S. West Texas Intermediate (CLc1) is up 5.31% at $74.59.

In the Cryptocurrency Markets, Bitcoin at 50986.47 up 0.27%, Ethereum down 0.43% at 4096.30, Litecoin at 164.00 up 0.32%, at the time of writing.
TECHNICAL REPORT
GBPUSD

TRADE SUGGESTION- BUY AT 1.3394, TAKE PROFIT AT 1.3427 AND STOP LOSS AT 1.3359
EURUSD

TRADE SUGGESTION- BUY AT 1.13287, TAKE PROFIT AT 1.13533 AND STOP LOSS AT 1.13102
USDJPY

TRADE SUGGESTION- BUY AT 114.339, TAKE PROFIT AT 114.561 AND STOP LOSS AT 114.184
USDCHF

TRADE SUGGESTION- SELL AT 0.91708, TAKE PROFIT AT 0.91495 AND STOP LOSS AT 0.91946.
NIKKEI 225

TRADE SUGGESTION- BUY AT 28825.00 TAKE PROFIT AT 29094.00 AND STOP LOSS AT 28526.00
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 73.59 TAKE PROFIT AT 74.93 AND STOP LOSS AT 72.73
GOLD

TRADE SUGGESTION- BUY AT 1808.66, TAKE PROFIT AT 1813.71 AND STOP AT 1804.29
BTC USD

TRADE SUGGESTION- BUY AT 51100.00 TAKE PROFIT AT 51154.97 AND STOP AT 51022.57

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 03 JANUARY 2022​

Asia Pacific stocks were mixed on Monday morning. The Shanghai composite is up 0.57% at 3,639.77. Overall, the Singapore MSCI down 0.51% at 338.40. Over in Hong Kong, the Hang Seng Index down 0.95% at 23,229.00. In Japan, the Nikkei 225 up 0.45% at 28,910.00, while the Topix index is up 0.30% at 1998.0. South Korea’s Kospi up 0.37% to 2988.77. Australia S&P/ASX 200 down 0.92% at 7444.6.
European equities Friday closing. The DAX futures contract in Germany traded up 0.21% at 15884.86, CAC 40 futures down 0.28% at 7153.04 and the UK 100 futures contract in the U.K. up 0.05% at 7,406.90.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.16% at 36338.31. The S&P 500 down 0.26% at 4766.19 and the Nasdaq 100 down 0.66% at 16320.08, NYSE closes flat at 17164.12.
In the Forex market, GBPUSD down 0.20% at 1.3505. The USDJPY up 0.21% at 115.331. The USDCHF up 0.26% at 0.9140. EURUSD down 0.33% at 1.13461, EUR/GBP down 0.13% at 0.84003. The USD/CNY flat at 6.3521 at the time of writing.
In the commodity market U.S. Gold futures down 0.22% at $1,825.34. Elsewhere, Silver futures down 0.58% at $23.152 per ounce, Platinum up 0.31% at $967.00 per ounce, and Palladium down 0.26% at $1896.50.
Crude Oil mix on Monday; Brent crude oil up 0.65% at $78.40 per barrel while U.S. West Texas Intermediate (CLc1) is down 1.83% at $76.10.
In the Cryptocurrency Markets, Bitcoin at 46925.60 down 0.79%, Ethereum down 0.67% at 3805.11, Litecoin at 150.03 down 0.74%, at the time of writing.
TECHNICAL REPORT

GBPUSD

TRADE SUGGESTION- BUY AT 1.35020, TAKE PROFIT AT 1.35714 AND STOP LOSS AT 1.34929

EURUSD

TRADE SUGGESTION- BUY AT 1.13393, TAKE PROFIT AT 1.13575 AND STOP LOSS AT 1.13207

EURGBP

TRADE SUGGESTION- SELL AT 0.8394, TAKE PROFIT AT 0.8381 AND STOP LOSS AT 0.8413

EURJPY

TRADE SUGGESTION- BUY AT 130.729, TAKE PROFIT AT 130.984 AND STOP LOSS AT 130.520.

EURO STOXX 50

TRADE SUGGESTION- BUY AT 4284.00 TAKE PROFIT AT 4311.00 AND STOP LOSS AT 4261.00

WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 75.57 TAKE PROFIT AT 76.38 AND STOP LOSS AT 74.91

GOLD

TRADE SUGGESTION- BUY AT 1823.19, TAKE PROFIT AT 1832.64 AND STOP AT 1813.42

ETHEREUM

TRADE SUGGESTION- SELL AT 3797.49 TAKE PROFIT AT 3751.34 AND STOP AT 3888.18

 

[syamfx2020]

Global stock markets edged up on Wednesday as investors looked ahead to the release of U.S. Federal Reserve December monetary policy meeting minutes. The minutes will reveal the expedited timetable for ending the pandemic era stimulus. During the December FED meeting, the officials said they would completely reduce $120 billion in Treasury and asset-backed securities purchases initiated in response to the pandemic by March.

EQUITIES

Wall Street pulled back from record levels in overnight trade following the release of weaker-than-expected ISM manufacturing PMI and Jolts job openings data. Meanwhile, both Dow and the S&P 500 indexes reached a record high in regular trading hours on Tuesday.

OIL

Crude oil futures trade flat on Wednesday despite the release of strong API data, focus now shifts to EIA inventory report. The data showed the U.S. Crude Oil Stockpile Fell 6.4 million Barrels in the last week, compared to the market expectations for a draw of 3.4 million.

CURRENCIES

In the currency market, the dollar index, which tracks the greenback against a basket of six rival currencies trading slightly lower ahead of the FED meeting minutes. The EURO struggling to find the upside momentum against the dollar after weak surveys on the eurozone services sector.

GOLD

The safe-haven metal ticks up on Wednesday supported by a softer dollar and weak US macro-economic data. Overall, the momentum remains bullish throughout the Asian session.

Economic Outlook

On the data front, the US ISM Manufacturing PMI fell to 58.7 in December of 2021 from 61.1 in November, below market forecasts of 60.

Moving ahead today, the important events to watch:

US – ADP employment report: GMT – 13.15

US –EIA crude inventories: GMT – 15.30

US – FOMC meeting minutes: GMT – 19.00

Coronavirus update:

Worldwide, more than 292 million people have been confirmed infected and more than 5.44 million have died. The United States has confirmed over 56 million cases and has had more than 827,000 deaths from COVID-19, the highest totals in the world.

Technical Outlook and Review

EURUSD: The currency pair trades above 1.1300. If the bullish momentum continues then the next upside level is to watch 1.1330/45 then 1.1370/85. On the downside, any meaningful pullback now seems to find some support near the 1.1270 zones, below which the slide could further get extended towards the 1.1240 regions.

The important levels to watch for today: Support- 1.1270 and 1.1240 Resistance- 1.1345 and 1.1390.

GOLD: The yellow metal trading is steady above $1815. If the bullish momentum continues the next upside levels to watch the $1820 and $1832 zone. On the flip side, the immediate support at $1810/00.

The important levels to watch for today: Support- 1810 and 1797 Resistance- 1820 and 1832.

Quote of the day - I have found that when the market’s going down and you buy funds wisely, at some point in the future, you will be happy. You won’t get there by reading. Now is the time to buy. – Peter Lynch.

Read more- https://gulfbrokers.com/en/daily-market-report-427

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 06 JANUARY 2022​

Asia Pacific stocks were down on Thursday morning. The Shanghai composite is down 0.17% at 3,589.05. Overall, the Singapore MSCI down 0.39% at 334.70. Over in Hong Kong, the Hang Seng Index down 0.29% at 22,834.00. In Japan, the Nikkei 225 down 2.70% at 28,480.00, while the Topix index is down 1.99% at 1997.0. South Korea’s Kospi down 1.25% to 2916.14. Australia S&P/ASX 200 down 2.74% at 7358.3.
European equities Wednesday closing. The DAX futures contract in Germany traded up 0.74% at 16271.75, CAC 40 futures up 0.81% at 7376.38 and the UK 100 futures contract in the U.K. up 0.16% at 7,516.86.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.07% at 36407.12. The S&P 500 down 1.94% at 4700.59 and the Nasdaq 100 down 3.12% at 15771.78, NYSE closes down 1.29% at 17112.60.
In the Forex market, GBPUSD down 0.18% at 1.3527. The USDJPY down 0.18% at 115.869. The USDCHF up 0.22% at 0.91827. EURUSD down 0.08% at 1.1302, EUR/GBP up 0.17% at 0.8355. The USD/CNY up 0.16% at 6.3743 at the time of writing.
In the commodity market U.S. Gold futures down 0.39% at $1,801.98. Elsewhere, Silver futures down 1.03% at $22.560 per ounce, Platinum down 1.53% at $968.50 per ounce, and Palladium down 0.59% at $1855.50.
Crude Oil up on Thursday; Brent crude oil up 0.11% at $80.14 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.84% at $78.36.
In the Cryptocurrency Markets, Bitcoin at 43167.89 down 0.62%, Ethereum down 2.17% at 3461.78, Litecoin at 136.47 up 0.88%, at the time of writing.
TECHNICAL REPORT
GBPUSD

TRADE SUGGESTION- BUY AT 1.35241, TAKE PROFIT AT 1.35710 AND STOP LOSS AT 1.34682
EURUSD

TRADE SUGGESTION- SELL AT 1.13000, TAKE PROFIT AT 1.12868 AND STOP LOSS AT 1.13192
EURGBP

TRADE SUGGESTION- SELL AT 0.83555, TAKE PROFIT AT 0.83338 AND STOP LOSS AT 0.83699
EURJPY

TRADE SUGGESTION- BUY AT 130.932, TAKE PROFIT AT 131.141 AND STOP LOSS AT 130.526.
DOW JONES

TRADE SUGGESTION- BUY AT 36208.00 TAKE PROFIT AT 36363.00 AND STOP LOSS AT 35881.00
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 76.89 TAKE PROFIT AT 78.30 AND STOP LOSS AT 76.30
GOLD

TRADE SUGGESTION- SELL AT 1802.34, TAKE PROFIT AT 1797.66 AND STOP AT 1807.31
ETHEREUM

TRADE SUGGESTION- SELL AT 3432.65 TAKE PROFIT AT 3407.37 AND STOP AT 3457.50

CLICK FOR MORE REPORT

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 07 JANUARY 2022​

Asia Pacific stocks were up on Friday morning. The Shanghai composite is down 0.09% at 3,582.01. Overall, the Singapore MSCI up 1.01% at 339.05. Over in Hong Kong, the Hang Seng Index up 2.10% at 23,475.00. In Japan, the Nikkei 225 down 0.18% at 28,450.00, while the Topix index is down 0.10% at 1991.5. South Korea’s Kospi up 1.18% to 2954.89. Australia S&P/ASX 200 down 0.10% at 4696.04.
European equities Thursday closing. The DAX futures contract in Germany traded down 1.35% at 16052.03, CAC 40 futures down 1.72% at 7249.67 and the UK 100 futures contract in the U.K. down 0.88% at 7,450.36.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.47% at 36236.48. The S&P 500 down 0.10% at 4696.04 and the Nasdaq 100 down 0.04% at 15765.36, NYSE closes up 0.26% at 17156.51.
In the Forex market, GBPUSD up 0.09% at 1.35412. The USDJPY up 0.09% at 115.920. The USDCHF up 0.03% at 0.92130. EURUSD up 0.04% at 1.1299, EUR/GBP flat at 0.8344. The USD/CNY down 0.08% at 6.3774 at the time of writing.
In the commodity market U.S. Gold futures down 0.02% at $1,790.20. Elsewhere, Silver futures down 0.52% at $22.078 per ounce, Platinum down 0.52% at $962.00 per ounce, and Palladium down 0.51% at $1865.00.
Crude Oil up on Friday; Brent crude oil up 1.04% at $82.84 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.38% at $79.44.
In the Cryptocurrency Markets, Bitcoin at 41465.52 down 3.84%, Ethereum down 7.39% at 3157.00, Litecoin at 128.65 down 5.31%, at the time of writing.
TECHNICAL REPORT
GBPUSD

TRADE SUGGESTION- BUY AT 1.35375, TAKE PROFIT AT 1.35653 AND STOP LOSS AT 1.35186
EURUSD

TRADE SUGGESTION- SELL AT 1.13023, TAKE PROFIT AT 1.12758 AND STOP LOSS AT 1.13206
GBPJPY

TRADE SUGGESTION- BUY AT 156.776, TAKE PROFIT AT 157.391 AND STOP LOSS AT 155.864
CHFJPY

TRADE SUGGESTION- BUY AT 125.761, TAKE PROFIT AT 126.249 AND STOP LOSS AT 125.361.
S&P 500

TRADE SUGGESTION- SELL AT 4691.67 TAKE PROFIT AT 4665.17 AND STOP LOSS AT 4707.56
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 79.49 TAKE PROFIT AT 80.72 AND STOP LOSS AT 78.92
GOLD

TRADE SUGGESTION- SELL AT 1789.26, TAKE PROFIT AT 1771.51 AND STOP AT 1798.07
BTC USD

TRADE SUGGESTION- SELL AT 41466.95 TAKE PROFIT AT 40772.31 AND STOP AT 42557.58

CLICK HERE FOR TECHNICAL REPORT

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 10 JANUARY 2022​

Asia Pacific stocks were down on Monday morning. The Shanghai composite is up 0.22% at 3,587.12. Overall, the Singapore MSCI up 0.60% at 341.15. Over in Hong Kong, the Hang Seng Index up 0.89% at 23,674.00. In Japan, the Nikkei 225 down 0.14% at 28,410.00, while the Topix index is up 0.05% at 1992.5. South Korea’s Kospi down 0.93% to 2927.36. Australia S&P/ASX 200 down 0.08% at 7447.10.
European equities Friday closing. The DAX futures contract in Germany traded down 0.65% at 15947.74, CAC 40 futures down 0.42% at 7219.49 and the UK 100 futures contract in the U.K. up 0.04% at 7,503.70.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.01% at 36231.67. The S&P 500 down 0.40% at 4677.04 and the Nasdaq 100 down 1.10% at 15592.19, NYSE closes up 0.06% at 17166.27.
In the Forex market, GBPUSD down 0.04% at 1.35795. The USDJPY up 0.30% at 115.822. The USDCHF up 0.28% at 0.92089. EURUSD down 0.29% at 1.1328, EUR/GBP down 0.15% at 0.8341. The USD/CNY down 0.06% at 6.3731 at the time of writing.
In the commodity market U.S. Gold futures down 0.20% at $1,792.30. Elsewhere, Silver futures down 0.51% at $22.228 per ounce, Platinum down 0.31% at $953.50 per ounce, and Palladium down 0.28% at $1928.50.
Crude Oil mix on Monday; Brent crude oil down 0.07% at $81.75 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.03% at $78.87.
In the Cryptocurrency Markets, Bitcoin at 41933.46 up 0.14%, Ethereum up 0.42% at 3164.69, Litecoin at 130.41 down 0.41%, at the time of writing.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.35774, TAKE PROFIT AT 1.36043 AND STOP LOSS AT 1.35489
EURUSD

TRADE SUGGESTION- BUY AT 1.13271, TAKE PROFIT AT 1.13576 AND STOP LOSS AT 1.13062
USDJPY

TRADE SUGGESTION- BUY AT 115.762, TAKE PROFIT AT 115.924 AND STOP LOSS AT 115.491
USDCHF

TRADE SUGGESTION- BUY AT 0.92055, TAKE PROFIT AT 0.92287 AND STOP LOSS AT 0.91845.
NIKKEI 225

TRADE SUGGESTION- SELL AT 28478.00 TAKE PROFIT AT 28272.00 AND STOP LOSS AT 28599.00
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 78.71 TAKE PROFIT AT 79.45 AND STOP LOSS AT 78.19
GOLD

TRADE SUGGESTION- SELL AT 1792.15, TAKE PROFIT AT 1786.16 AND STOP AT 1798.51
LITECOIN USD

TRADE SUGGESTION- SELL AT 128.339 TAKE PROFIT AT 124.360 AND STOP AT 141.636

CLICK HERE FOR MORE TECHNICAL REPORT

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 11 JANUARY 2022​

Asia Pacific stocks were down on Tuesday morning. The Shanghai composite is down 0.51% at 3,575.04. Overall, the Singapore MSCI up 0.07% at 342.10. Over in Hong Kong, the Hang Seng Index up 0.35% at 23,755.00. In Japan, the Nikkei 225 down 0.98% at 28,170.00, while the Topix index is down 0.35% at 1984.5. South Korea’s Kospi up 0.02% to 2927.44. Australia S&P/ASX 200 down 0.77% at 7390.10.
European equities Monday closing. The DAX futures contract in Germany traded down 1.13% at 15768.27, CAC 40 futures down 1.44% at 7115.78 and the UK 100 futures contract in the U.K. up 0.07% at 7,485.50.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.45% at 36068.88. The S&P 500 down 0.14% at 4670.28 and the Nasdaq 100 up 0.14% at 15614.43, NYSE closes down 0.27% at 17119.55.
In the Forex market, GBPUSD up 0.14% at 1.35945. The USDJPY up 0.03% at 115.213. The USDCHF down 0.13% at 0.92592. EURUSD up 0.14% at 1.13414, EUR/GBP up 0.04% at 0.8343. The USD/CNY down 0.06% at 6.3715 at the time of writing.
In the commodity market U.S. Gold futures up 0.48% at $1,809.26. Elsewhere, Silver futures up 0.82% at $22.637 per ounce, Platinum up 1.17% at $952.50 per ounce, and Palladium up 1.57% at $1938.00.
Crude Oil up on Tuesday; Brent crude oil up 0.32% at $81.26 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.40% at $78.25.
In the Cryptocurrency Markets, Bitcoin at 42109.89 up 0.63%, Ethereum up 0.95% at 3112.63, Litecoin at 128.79 up 1.87%, at the time of writing.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.35827, TAKE PROFIT AT 1.36046 AND STOP LOSS AT 1.35552
EURUSD

TRADE SUGGESTION- BUY AT 1.13311, TAKE PROFIT AT 1.13578 AND STOP LOSS AT 1.13097
EURGBP

TRADE SUGGESTION- SELL AT 0.83428, TAKE PROFIT AT 0.83341 AND STOP LOSS AT 0.83533
EURJPY

TRADE SUGGESTION- BUY AT 130.569, TAKE PROFIT AT 130.805 AND STOP LOSS AT 130.305.
EURO STOXX 50

TRADE SUGGESTION- BUY AT 4257.00 TAKE PROFIT AT 4281.00 AND STOP LOSS AT 4238.00
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 78.20 TAKE PROFIT AT 79.12 AND STOP LOSS AT 77.48
GOLD

TRADE SUGGESTION- BUY AT 1810.12, TAKE PROFIT AT 1814.04 AND STOP AT 1804.44
ETHEREUM

TRADE SUGGESTION- SELL AT 3105.96 TAKE PROFIT AT 3046.96 AND STOP AT 3188.32

CLICK HERE FOR TECHNICAL REPORT

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 14 JANUARY 2022​

Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 0.74% at 3,528.82. Overall, the Singapore MSCI down 0.29% at 345.60. Over in Hong Kong, the Hang Seng Index down 0.76% at 24,277.00. In Japan, the Nikkei 225 down 1.58% at 28,100.00, while the Topix index is down 1.37% at 1978.00. South Korea’s Kospi down 1.36% to 2921.92. Australia S&P/ASX 200 down 1.08% at 7393.90.
European equities Thursday closing. The DAX futures contract in Germany traded up 0.13% at 16031.59, CAC 40 futures down 0.50% at 7201.15 and the UK 100 futures contract in the U.K. up 0.16% at 7,563.86.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.49% at 36113.63. The S&P 500 down 1.42% at 4659.02 and the Nasdaq 100 down 2.57% at 15495.62, NYSE closes down 0.55% at 17259.01.
In the Forex market, GBPUSD up 0.23% at 1.37336. The USDJPY down 0.41% at 113.708. The USDCHF down 0.16% at 0.9096. EURUSD up 0.21% at 1.14781, EUR/GBP up 0.03% at 0.8357. The USD/CNY down 0.12% at 6.3518 at the time of writing.
In the commodity market U.S. Gold futures up 0.27% at $1,826.89. Elsewhere, Silver futures up 0.40% at $23.161 per ounce, Platinum up 0.98% at $981.00 per ounce, and Palladium down 0.58% at $1879.00.
Crude Oil up on Friday; Brent crude oil up 0.62% at $84.59 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.47% at $81.55.
In the Cryptocurrency Markets, Bitcoin at 42866.09 up 0.69%, Ethereum up 1.99% at 3306.43, Litecoin at 139.14 up 2.02%, at the time of writing.
TECHNICAL REPORT
GBPUSD

TRADE SUGGESTION- BUY AT 1.37283, TAKE PROFIT AT 1.37608 AND STOP LOSS AT 1.36950
EURUSD

TRADE SUGGESTION- BUY AT 1.14680, TAKE PROFIT AT 1.14755 AND STOP LOSS AT 1.14632
EURGBP

TRADE SUGGESTION- SELL AT 0.83531, TAKE PROFIT AT 0.83346 AND STOP LOSS AT 0.83697
EURJPY

TRADE SUGGESTION- SELL AT 130.483, TAKE PROFIT AT 130.140 AND STOP LOSS AT 130.867
DAX 40

TRADE SUGGESTION- BUY AT 15927.60 TAKE PROFIT AT 16060.50 AND STOP LOSS AT 15825.50.
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 81.60 TAKE PROFIT AT 82.63 AND STOP LOSS AT 80.78
GOLD

TRADE SUGGESTION- BUY AT 1827.40, TAKE PROFIT AT 1832.36 AND STOP AT 1822.93
ETHEREUM

TRADE SUGGESTION- SELL AT 3258.59 TAKE PROFIT AT 3164.26 AND STOP AT 3341.09

Click here for the technical report

 

[CSFXNEWS]

WEEKLY TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 16 JANUARY 2022​

WEEKLY SNAPSHOT​

MANUFACTURING PRODUCTION (MOM) (NOV), U.K.​

WHEN: WHAT IT HAD INFLUENCED:
11th JANUARY 2022 GBP and its subsequent pairs
WHAT HAPPENED: Manufacturing Production measures the change in the total inflation-adjusted value of output produced by manufacturers. Manufacturing accounts for approximately 80% of overall Industrial Production.
GBPNZD is trading in the up channel. Further upside can be seen in the coming week.
Core CPI (MoM) (Dec), U.S.
WHEN: WHAT IT HAD INFLUENCED:
12th JANUARY 2022 USD and its subsequent pairs
WHAT HAPPENED: The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
USDNOK is currently in the downward channel. Further downside can be seen in the coming week.

RETAIL SALES (MOM) (NOV), AUSTRALIA ​

WHEN: WHAT IT HAD INFLUENCED:
10th JANUARY 2022 AUD and its subsequent pairs
WHAT HAPPENED: Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
AUDJPY is currently in the downward channel. Further downside can be seen in the coming week.

GOLD FUTURES FALL FOR THE SESSION, GAIN FOR THE WEEK​

WHAT IT HAD INFLUENCED:
GOLD
WHAT HAPPENED: Gold futures declined on Friday, giving up earlier gains, but holding onto a climb for the week. Colin Cieszynski, chief market strategist at SIA Wealth Management, attributed the day’s pullback in prices partly to profit-taking ahead of the long weekend, with regular trading closed Monday for the Martin Luther King Jr. holiday. However, a decline in the U.S. dollar for the week and gold’s long-term role as an inflation hedge are among the reasons behind the precious metal’s rise this week, he said. February gold fell $4.90, or 0.3%, to settle at $1,816.50 an ounce. Prices based on the most-active contract rose 1.1% from last Friday’s settlement to mark their fifth weekly rise in six weeks
GOLD is trading in the upward channel. Further upside can be seen in the coming week.

OIL PRICES IN 4TH WEEKLY GAIN ON SIGNS OF TIGHTER SUPPLIES, FIRMER DEMAND​

WHAT IT HAD INFLUENCED:
CRUDE OIL
WHAT HAPPENED:
Crude settled higher on Friday, notching a fourth positive week, supported by bets the Omicron-fueled drag on demand will be short-lived at a time when global supplies are expected to tighten.
On the New York Mercantile Exchange crude futures gained 2.1% to settle at $84.82 a barrel, while on London’s Intercontinental Exchange (NYSE:ICE), Brent added 2.0% to trade at $86.14 a barrel.
The fourth week of gains in oil prices has been supported by easing fears about the Omicron variant’s impact on demand.
The International Energy Agency said earlier this week that demand was proving stronger “than many of the market observers had thought, mainly due to the milder Omicron expectations.”
As well as positive demand, supply disruptions from key producers including Nigeria and Libya have propped up bets of tightening global supplies and underpinned a climb in oil prices.
Oil prices were also underpinned by a weaker dollar, which despite a gain on Friday, is on course for a weekly slump.
WTI CRUDE OIL is trading in the up channel. Further upside can be seen in the coming week.

JPMORGAN CLIENT SURVEY: MAJORITY EXPECT BITCOIN PRICE TO REACH $60K OR MORE THIS YEAR​

WHAT IT HAD INFLUENCED:
BITCOIN
WHAT HAPPENED:
JPMorgan has conducted a survey of its clients about what they expect the price of bitcoin to be by year-end. The global investment bank released the results earlier this week. The survey was conducted between Dec. 13 and Jan. 7 as part of a broader macroeconomic outlook for 2022. Forty-seven of JPMorgan’s clients participated in the survey.
About 41% of the bank’s clients who responded expect bitcoin to end the year at around $60,000. 23% expect the price to be $20,000 while 20% expect it to be $40,000.
In addition, 9% believe that the price of BTC will reach $80,000, 5% think that it could be $100,000 or more, while 2% expect it to fall to $10,000 or lower.
BTCUSD is trading in the down channel; downside will be seen in the coming days.

5 KEY EVENTS TO WATCH OUT​

CLAIMANT COUNT CHANGE (DEC), U.K.​

WHEN: WHAT IT INFLUENCES:
18th JANUARY 2022 GBP and its subsequent
Pairs
WHAT’S HAPPENING: Claimant Count Change measures the change in the number of unemployed people in the U.K. during the reported month. A rising trend indicates weakness in the labor market, which has a trickle-down effect on consumer spending and economic growth.
A higher-than-expected reading ought to be taken as negative/bearish for the GBP, whereas a lower-than-expected reading should be taken as positive/bullish for the GBP.

BUILDING PERMITS (DEC), U.S.​

WHEN: WHAT IT INFLUENCES:
19th JANUARY 2022 USD and its subsequent
Pairs
WHAT’S HAPPENING: Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.
A higher-than-expected reading ought to be taken as positive/bullish for the USD, whereas a lower-than-expected reading should be taken as negative/bearish for the USD.

EMPLOYMENT CHANGE (DEC), AUSTRALIA​

WHEN: WHAT IT INFLUENCES:
19th JANUARY 2022 AUD and its subsequent
Pairs
WHAT’S HAPPENING: Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending.
A higher-than-expected reading ought to be taken as positive/bullish for the AUD, whereas a lower-than-expected reading should be taken as negative/bearish for the AUD.

NATIONAL CORE CPI (YOY) (DEC), JAPAN​

WHEN: WHAT IT INFLUENCES:
20th JANUARY 2022 JPY and its subsequent
Pairs
WHAT’S HAPPENING: The National Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers, excluding fresh food.
A higher-than-expected reading ought to be taken as positive/bullish for the JPY, whereas a lower-than-expected reading should be taken as negative/bearish for the JPY.

CORE RETAIL SALES (MOM) (NOV), CANADA​

WHEN: WHAT IT INFLUENCES:
21st JANUARY 2022 CAD and it’s subsequent
pairs
WHAT’S HAPPENING: Core Retail Sales measures the change in the total value of sales at the retail level in Canada, excluding automobiles. It is an important indicator of consumer spending and is also considered a pace indicator for the Canadian economy.
A higher-than-expected reading ought to be taken as positive/bullish for the CAD, whereas a lower-than-expected reading should be taken as negative/bearish for the CAD.

EQUITIES IN THE COMING WEEK​

1. Bank of America (BAC) to announce its Quarterly Results on 18th JANUARY 2022, EPS estimated to 0.7709 per share while revenue estimated 22.17B.
2. Goldman Sachs (GS) to announce its Quarterly Results on 18th JANUARY 2022, EPS estimated to 11.75 per share while revenue estimated 12.00B.
3. Morgan Stanley (MS) to announce its Quarterly Results on 19th JANUARY 2022, EPS estimated to 1.94 per share while revenue estimated 14.57B.
4. Netflix (NFLX) to announce its Quarterly Results on 20th JANUARY 2022, EPS estimated to 0.8454 per share while revenue estimated 7.72B.
5. IHS Markit Ltd (INFO) to announce its Quarterly Results on 21st JANUARY 2022, EPS estimated to 0.8317 per share while revenue estimated 1.15B.

TOP COMMODITIES IN THE COMING WEEK​

GOLD

GOLD is currently in the upward channel. Further upside can be seen in the coming week.
SILVER

SILVER is trading in the upward channel. Further upside can be seen in the coming week.
WTI CRUDE OIL

WTI CRUDE OIL is trading in the up channel. Further upside can be seen in the coming week.
TOP CRYPTO IN THE COMING WEEK
BTCUSD

BTCUSD is trading in the down channel; downside will be seen in the coming days.
ETHEREUM

ETHEREUM is currently in the downward channel. Further downside can be seen in the coming week.
TOP CURRENCY IN THE COMING WEEK
EURUSD

EURUSD is trading in the up channel; further upside can be seen in the coming days.
GBPUSD

GBPUSD is trading in the up channel; further upside can be seen in the coming days.
EURGBP

EURGBP is currently in the downward channel. The further downside can be seen in the coming week.
TOP INDEX IN THE COMING WEEK
S&P 500

S&P 500 is trading in the up channel; further upside will be seen in the coming days.
FTSE 100

FTSE 100 is trading in the up channel; further upside will be seen in the coming days.
DATA WATCH

CHECK DAILY REPORT CLICK HERE

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 17 JANUARY 2022​

Asia Pacific stocks were mostly up on Monday morning. The Shanghai Composite is up 0.34% at 3,149.81. Overall, the Singapore MSCI was down 0.36% at 344.65. Over in Hong Kong, the Hang Seng Index down 0.69% at 24,217.00. In Japan, the Nikkei 225 is up 0.53% at 28,340.00, while the Topix index is up 0.30% at 1988.00. South Korea’s Kospi down 1.09% to 2890.10. Australia S&P/ASX 200 up 0.32% at 7417.30.
European equities Friday closing. The DAX futures contract in Germany traded down 0.93% at 15883.24, CAC 40 futures down 0.81% at 7143.01 and the UK 100 futures contract in the U.K. up 0.03% at 7,577.10.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.56% at 35911.82. The S&P 500 up 0.08% at 4662.84 and the Nasdaq 100 up 0.75% at 15611.59, NYSE closes down 0.23% at 17219.06.
In the Forex market, GBPUSD is flat at 1.36705. The USDJPY is up 0.33% at 114.525. The USDCHF is up 0.11% at 0.9149. EURUSD down 0.02% at 1.14125, EUR/GBP up 0.13% at 0.8347. The USD/CNY was down 0.08% at 6.3471 at the time of writing.
In the commodity market U.S. Gold futures are up 0.09% at $1,819.00. Elsewhere, Silver futures up 0.08% at $22.960 per ounce, Platinum flat at $971.50 per ounce, and Palladium down 0.13% at $1878.00.
Crude Oil mix on Monday; Brent crude oil flat at $86.32 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.04% at $83.65.
In the Cryptocurrency Markets, Bitcoin at 42759.36 down 0.81%, Ethereum down 2.29% at 3273.35, Litecoin at 148.04 up 1.13%, at the time of writing.

TECHNICAL REPORT​

GBPUSD TECHNICAL ANALYSIS​

TRADE SUGGESTION- BUY AT 1.36713, TAKE PROFIT AT 1.36965 AND STOP LOSS AT 1.36434

EURUSD TECHNICAL ANALYSIS​

TRADE SUGGESTION- BUY AT 1.14190, TAKE PROFIT AT 1.14601 AND STOP LOSS AT 1.13966

GBPJPY TECHNICAL ANALYSIS​

TRADE SUGGESTION- BUY AT 156.538, TAKE PROFIT AT 157.049 AND STOP LOSS AT 156.000

CHFJPY TECHNICAL ANALYSIS​

TRADE SUGGESTION- SELL AT 125.152, TAKE PROFIT AT 124.741 AND STOP LOSS AT 125.393

EURO STOXX 50 TECHNICAL ANALYSIS​

TRADE SUGGESTION- SELL AT 4278.00 TAKE PROFIT AT 4249.00 AND STOP LOSS AT 4302.00.

WTI CRUDE OIL TECHNICAL ANALYSIS​

TRADE SUGGESTION- BUY AT 83.75 TAKE PROFIT AT 84.87 AND STOP LOSS AT 83.18

GOLD TECHNICAL ANALYSIS​

TRADE SUGGESTION- BUY AT 1821.57, TAKE PROFIT AT 1827.36 AND STOP AT 1815.34

BTC USD TECHNICAL ANALYSIS​

TRADE SUGGESTION- SELL AT 42618.16 TAKE PROFIT AT 40311.54 AND STOP AT 45425.06

CLICK HERE FOR MORE REPORT