TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 19 JANUARY 2022

 Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai composite is down 0.63% at 3,547.44. Overall, the Singapore MSCI down 0.03% at 342.60. Over in Hong Kong, the Hang Seng Index down 0.10% at 24,013.00. In Japan, the Nikkei 225 down 3.08% at 27,380.00, while the Topix index is down 2.96% at 1919.00. South Korea’s Kospi down 0.75% to 2842.88. Australia S&P/ASX 200 down 1.03% at 7332.50.

European equities Tuesday closing. The DAX futures contract in Germany traded down 1.01% at 15772.56, CAC 40 futures down 0.94% at 7133.84 and the UK 100 futures contract in the U.K. down 0.63% at 7,563.54.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.51% at 35368.48. The S&P 500 down 1.84% at 4577.10 and the Nasdaq 100 down 2.57% at 15210.76, NYSE closes down 1.56% at 16950.91.

In the Forex market, GBPUSD up 0.10% at 1.36082. The USDJPY down 0.27% at 114.281. The USDCHF down 0.14% at 0.9159. EURUSD up 0.07% at 1.13320, EUR/GBP down 0.04% at 0.8327. The USD/CNY down 0.07% at 6.3482 at the time of writing.

In the commodity market U.S. Gold futures flat at $1,813.30. Elsewhere, Silver futures up 0.27% at $23.518 per ounce, Platinum down 0.41% at $979.00 per ounce, and Palladium down 0.26% at $1900.00.

Crude Oil down on Wednesday; Brent crude oil down 0.52% at $87.96 per barrel while U.S. West Texas Intermediate (CLc1) down 0.57% at $85.29.

In the Cryptocurrency Markets, Bitcoin at 41772.98 down 1.43%, Ethereum down 1.79% at 3106.57, Litecoin at 136.02 down 3.82%, at the time of writing.

TECHNICAL REPORT

GBPUSD

Technical Analysis Chart
Technical Analysis Chart

TRADE SUGGESTION- BUY AT 1.36016, TAKE PROFIT AT 1.36328 AND STOP LOSS AT 1.35765

EURUSD

Technical Analysis Chart
Technical Analysis Chart

TRADE SUGGESTION- SELL AT 1.13330, TAKE PROFIT AT 1.13102 AND STOP LOSS AT 1.13516

EURGBP

Technical Analysis Chart
Technical Analysis Chart

TRADE SUGGESTION- SELL AT 0.8327, TAKE PROFIT AT 0.8321 AND STOP LOSS AT 0.8329

EURJPY

Technical Analysis Chart
Technical Analysis Chart

TRADE SUGGESTION- SELL AT 129.541, TAKE PROFIT AT 129.030 AND STOP LOSS AT 130.005

NIKKEI 225

Technical Analysis Chart
Technical Analysis Chart

TRADE SUGGESTION- SELL AT 27463.00 TAKE PROFIT AT 27448.00 AND STOP LOSS AT 27488.00.

WTI CRUDE OIL

Technical Analysis Chart
Technical Analysis Chart

TRADE SUGGESTION- BUY AT 85.19 TAKE PROFIT AT 85.71 AND STOP LOSS AT 84.73

GOLD

Technical Analysis Chart
Technical Analysis Chart

TRADE SUGGESTION- BUY AT 1813.20, TAKE PROFIT AT 1819.86 AND STOP AT 1807.96

LITECOIN USD

Technical Analysis Chart
Technical Analysis Chart

TRADE SUGGESTION- SELL AT 132.073 TAKE PROFIT AT 125.104 AND STOP AT 142.24

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