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

Technical Analysis chart
GBPUSD Technical Analysis

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

EURUSD TECHNICAL ANALYSIS

Technical Analysis chart
EURUSD Technical Analysis

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

GBPJPY TECHNICAL ANALYSIS

Technical Analysis chart
GBPJPY Technical Analysis

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

CHFJPY TECHNICAL ANALYSIS

Technical Analysis chart
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

Technical Analysis chart
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

Technical Analysis chart
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

Technical Analysis chart
GOLD Technical Analysis

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

BTC USD TECHNICAL ANALYSIS

Technical Analysis chart
BTC USD Technical Analysis

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

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