Daily Technical Analysis Report By Capital Street Fx

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 20 JUNE​

U.S. STOCK FUTURES ROSE ON SUNDAY’S EVENING DEAL​

Asia-Pacific stocks were mostly down on Monday morning. The Shanghai Composite is down 0.06% at 3,314.50. Overall, the Singapore MSCI is up 0.23% at 282.35. Over in Hong Kong, the Hang Seng Index is up 0.15% at 21,026. In Japan, the Nikkei 225 is flat at 25,780.00, while the Topix index is down 0.11% at 1819.50. South Korea’s Kospi is down 2.04% at 2391.03. Australia S&P/ASX 200 down 0.64% at 6433.40.

Top News of the Day:

U.S. stock futures rose modestly during Sunday’s evening deals, after major benchmark averages posted their third consecutive weekly declines, finishing at 16-month lows amid growing concerns that the Federal Reserve’s aggressive interest rate hikes will push the economy into a recession.

Market Summary as per 17/06/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 0.67% at 13,126.26, CAC 40 futures down 0.06% at 5882.66 and the UK 100 futures contract in the U.K. down 0.41% at 7,016.26.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.13% at 29888.79. The S&P 500 up 0.22% at 3674.85 and the Nasdaq 100 up 1.24% at 11265.99, NYSE closes down 0.32% at 14097.04.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2230, TAKE PROFIT AT 1.2203 AND STOP LOSS AT 1.2259

Click Here For Full Report

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, COMMODITY – 21 JUNE 2022​

U.S. STOCK FUTURES EASED IN OVERNIGHT TRADING MONDAY​

Asia-Pacific stocks were mostly up on Tuesday morning. The Shanghai Composite is down 0.27% at 3,306.02. Overall, the Singapore MSCI is up 0.80% at 284.70. Over in Hong Kong, the Hang Seng Index is up 1.32% at 21,396. In Japan, the Nikkei 225 is up 1.75% at 26,230.00, while the Topix index is up 1.84% at 1853.00. South Korea’s Kospi is up 0.75% at 2,408.93. Australia S&P/ASX 200 up 1.41% at 6523.80.

Top News of the Day:

U.S. stock futures eased in overnight trading Monday, with markets remaining closed for a public holiday after suffering heavy losses in the previous week as investors braced for further tightening of monetary policies from the U.S. Federal Reserve and rising chances of an economic downturn.

Market Summary as per 20/06/2022:

European equities Monday closing. The DAX futures contract in Germany traded up 1.06% at 13,265.60, CAC 40 futures up 0.48% at 5948.69 and the UK 100 futures contract in the U.K. up 1.50% at 7,121.82.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.13% at 29888.79. The S&P 500 up 0.22% at 3674.85 and the Nasdaq 100 up 1.24% at 11265.99, NYSE closes down 0.32% at 14097.04.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2292, TAKE PROFIT AT 1.2215 AND STOP LOSS AT 1.2331

Click here for the technical report

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, COMMODITY – 22 JUNE 2022​

WALL STREET JUMPED AS INVESTORS SCOOPED UP SHARES OF GROWTH & ENERGY CO.

Asia-Pacific stocks were down on Wednesday morning. The Shanghai Composite is down 1.04% at 3,271.98. Overall, the Singapore MSCI is down 1.00% at 281.95. Over in Hong Kong, the Hang Seng Index is down 1.87% at 21,073. In Japan, the Nikkei 225 is down 0.50% at 26,100.00, while the Topix index is down 0.16% at 1850.00. South Korea’s Kospi is down 2.74% at 2,342.81. Australia S&P/ASX 200 down 0.23% at 6508.50.

Top News of the Day:

Wall Street’s major indexes jumped over 2% on Tuesday as investors scooped up shares of mega cap growth and energy companies after the stock market swooned last week on worries over a global economic downturn.

All 11 major S&P 500 sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly percentage decline since March 2020.

Market Summary as per 21/06/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.20% at 13,292.40, CAC 40 futures up 0.75% at 5964.67 and the UK 100 futures contract in the U.K. up 0.42% at 7,152.06.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 2.15% at 30530.26. The S&P 500 up 2.45% at 3764.80 and the Nasdaq 100 up 2.49% at 11546.76, NYSE closes up 2.25% at 14414.25.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2174, TAKE PROFIT AT 1.2155 AND STOP LOSS AT 1.2205


Click here for full report

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, COMMODITY – 23 JUNE 2022​

investors digested Fed Chair Powell’s comments ON INFLATION

Asia-Pacific stocks were mostly down on Thursday morning. The Shanghai Composite is up 1.52% at 3,316.55. Overall, the Singapore MSCI is up 0.67% at 283.95. Over in Hong Kong, the Hang Seng Index is up 1.52% at 21,299. In Japan, the Nikkei 225 is up 0.08% at 26,120.00, while the Topix index is down 0.05% at 1849.00. South Korea’s Kospi is down 1.22% at 2,314.32. Australia S&P/ASX 200 up 0.31% at 6528.40.

Top News of the Day:

Wall Street’s main indexes ended with slim losses on Wednesday after choppy trading as energy shares weighed and investors digested Federal Reserve Chair Jerome Powell’s comments on the central bank’s aim to bring down inflation.

After opening lower, major U.S. indexes had erased losses following Powell’s testimony before a Senate committee, but then they faded into the close.

Market Summary as per 22/06/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.11% at 13,144.28, CAC 40 futures down 0.59% at 5881.87 and the UK 100 futures contract in the U.K. down 0.68% at 7,041.47.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.15% at 30483.14. The S&P 500 down 0.13% at 3759.90 and the Nasdaq 100 down 0.16% at 11527.71, NYSE closes down 0.43% at 14352.78.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2178, TAKE PROFIT AT 1.2140 AND STOP LOSS AT 1.2222

Click here for full report

 

[CSFXNEWS]

CAN RECESSION AFFECT YOUR JOB AND HOUSEHOLD BUDGET?​

During a recession, the unemployment rate normally rises because there is a lack of demand for products and services, which leads to a lack of need for employees.

As a result of state and local governments implementing stay-at-home orders in reaction to the COVID-19 epidemic, the unemployment rate rose from 3.5 percent in February 2020 to a record 14.8 percent in April 2020, triggering the most recent U.S. recession.

The exceptional loss of 22.1 million jobs between January and April 2020 triggered this massive increase in the unemployment rate. However, the economy quickly recovered, and the COVID-19 recession was the shortest on record.

Prior to the epidemic, the United States had been experiencing its longest era of expansion in history. The Great Recession, which began in December 2007 and concluded in June 2009, was followed by a protracted period of rising economic activity.

During the Great Recession, the worst economic slump in the United States since the Great Depression, the unemployment rate progressively increased from 5% in December 2007 to 9.5 percent in December 2009. (June 2009). However, the unemployment rate did not reach a peak until October 2009, when it reached 10%.

As the United States suffers economic challenges, the Bureau of Labor Statistics recorded a 3.6 percent unemployment rate in April 2022, with 5.9 million individuals unemployed.

WHAT SHOULD YOU DO TO PREPARE FOR A RECESSION?​

Click here to read full article

 

[CSFXNEWS]

RIPPLE (XRP) TECHNICAL ANALYSIS, TRADE SIGNALS AND PRICE FORECAST​

RIPPLE TECHNICAL ANALYSIS: WEEKLY CHART​

In the weekly charts, RIPPLE is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 0.277145 and the resistance level is at 0.483465

RIPPLE is trading in a downward channel until there is a trend reversal.

RIPPLE TECHNICAL ANALYSIS: DAILY CHART​

Click here for full report

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 28 JUNE 2022​

U.S. STOCK SLAMMED BY HEIGHTENED INFLATION & tIGHTENING FED POLICY

Asia-Pacific stocks were mostly down on Tuesday morning. The Shanghai Composite is up 0.24% at 3,387.38. Overall, the Singapore MSCI is down 1.57% at 288.05. Over in Hong Kong, the Hang Seng Index is down 0.62% at 22,059. In Japan, the Nikkei 225 is up 0.45% at 26,890.00, while the Topix index is up 0.88% at 1896.00. South Korea’s Kospi is up 0.34% at 2,410.03. Australia S&P/ASX 200 up 0.56% at 6743.40.

Top News of the Day:

U.S. stocks closed lower on Monday, with few catalysts to sway investor sentiment as they approach the half-way point of a year in which the equity markets have been slammed by heightened inflation worries and tightening Fed policy.

The major U.S. stock indexes lost ground after oscillating earlier in the session, with weakness in interest rate sensitive mega caps such as Amazon.com (NASDAQ:AMZN), Microsoft Corp (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) Inc providing the heaviest drag.

Market Summary as per 27/06/2022:

European equities Monday closing. The DAX futures contract in Germany traded up 0.52% at 13,186.07, CAC 40 futures down 0.43% at 6047.32 and the UK 100 futures contract in the U.K. up 0.69% at 7,258.33.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.20% at 31438.27. The S&P 500 down 0.30% at 3900.12 and the Nasdaq 100 down 0.81% at 12008.24, NYSE closes up 0.16% at 14835.29.

​

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2273, TAKE PROFIT AT 1.2233 AND STOP-LOSS AT 1.2299

CLICK HERE FOR FULL REPORT

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 29 JUNE 2022​

U.S. STOCK SLightly HIGHER AMID INFLATION & AGGRESSIVE RATE HIKE

Asia-Pacific stocks were down on Wednesday morning. The Shanghai Composite is down 1.09% at 3,372.04. Overall, the Singapore MSCI is down 0.67% at 288.30. Over in Hong Kong, the Hang Seng Index is down 1.91% at 21,952. In Japan, the Nikkei 225 is down 1.29% at 26,720.00, while the Topix index is down 0.92% at 1890.00. South Korea’s Kospi is down 1.58% at 2,383.70. Australia S&P/ASX 200 down 0.67% at 6718.00.

Top News of the Day:

U.S. stock futures were slightly higher during Tuesday’s evening deals after major benchmark averages retreated during the regular session amid rising recession fears as aggressive rate hikes and rising bond yields continue to sap risk sentiment.

By 06:55 PM ET (22:55 GMT) Dow Jones Futures and S&P 500 Futures were up 0.1%, while Nasdaq 100 Futures gained 0.2%.

Market Summary as per 28/06/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.35% at 13,231.82, CAC 40 futures up 0.64% at 6086.03 and the UK 100 futures contract in the U.K. up 0.90% at 7,323.42.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.56% at 30947.00. The S&P 500 down 2.01% at 3821.54 and the Nasdaq 100 down 3.09% at 11637.77, NYSE closes down 1.13% at 14667.32.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2182, TAKE PROFIT AT 1.2172 AND STOP LOSS AT 1.2206

CLICK HERE FOR FULL REPORT

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 30 JUNE 2022​

FED POWELL TO TIGHTEN MONETaRY POLICY TO BRING DOWN INFLATION

Asia-Pacific stocks were mixed on Thursday morning. The Shanghai Composite is up 1.10% at 3,398.11. Overall, the Singapore MSCI is down 2.00% at 281.85. Over in Hong Kong, the Hang Seng Index is down 1.05% at 21,633. In Japan, the Nikkei 225 is down 1.39% at 26,310.00, while the Topix index is down 1.03% at 1865.50. South Korea’s Kospi is down 1.91% at 2,332.64. Australia S&P/ASX 200 down 1.97% at 6568.10.

Top News of the Day:

The Dow closed higher Wednesday after Federal Reserve Chairman Jerome Powell reiterated the central bank’s commitment to keep tightening monetary policy to bring down inflation just as U.S. quarterly economic activity slipped for first time in two years.

The S&P 500 fell 0.1%, the Dow Jones Industrial Average gained 0.3%, or 82 points, the Nasdaq was down 0.03%

Market Summary as per 29/06/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.73% at 13,003.35, CAC 40 futures down 0.90% at 6031.49 and the UK 100 futures contract in the U.K. down 0.15% at 7,312.33.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.27% at 31029.32. The S&P 500 down 0.07% at 3818.84 and the Nasdaq 100 up 0.18% at 11658.26, NYSE closes down 0.46% at 14599.58.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2138, TAKE PROFIT AT 1.2103 AND STOP LOSS AT 1.2168


FOR THE FULL REPORT VISIT - CAPITALSTREET FX

 

[CSFXNEWS]

SAP AG TECHNICAL ANALYSIS AND HOW TO TRADE SAP AG​

SAP AG TECHNICAL ANALYSIS: WEEKLY CHART​

In the weekly charts, SAP AG is trading in a down channel. SAP AG is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 84.25 & the resistance level is at 89.78.

SAP AG will trade in down channel until there is trend reversal.

SAP AG TECHNICAL ANALYSIS: DAILY CHART​

FOR THE FULL REPORT VISIT - CAPITALSTREET FX