TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 20 JANUARY 2022

 Asia Pacific stocks were mostly up on Thursday morning. The Shanghai composite is up 0.05% at 3,559.87. Overall, the Singapore MSCI down 0.32% at 343.00. Over in Hong Kong, the Hang Seng Index up 2.77% at 24,741.00. In Japan, the Nikkei 225 up 0.80% at 27,740.00, while the Topix index is up 0.62% at 1936.50. South Korea’s Kospi up 0.69% to 2861.87. Australia S&P/ASX 200 up 0.14% at 7342.40.

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.31% at 15823.00, CAC 40 futures up 0.55% at 7172.99 and the UK 100 futures contract in the U.K. up 0.35% at 7,589.67.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.96% at 35028.66. The S&P 500 down 0.97% at 4532.77 and the Nasdaq 100 down 1.07% at 15047.84, NYSE closes down 0.78% at 16818.97.

In the Forex market, GBPUSD up 0.11% at 1.36275. The USDJPY up 0.14% at 114.478. The USDCHF down 0.03% at 0.9154. EURUSD up 0.08 % at 1.13513, EUR/GBP down 0.01% at 0.8330. The USD/CNY down 0.01% at 6.3439 at the time of writing.

In the commodity market U.S. Gold futures down 0.03% at $1,839.73. Elsewhere, Silver futures up 0.31% at $24.205 per ounce, Platinum up 0.24% at $1026.50 per ounce, and Palladium down 0.42% at $1994.50.

Crude Oil up on Thursday; Brent crude oil up 0.87% at $88.34 per barrel while U.S. West Texas Intermediate (CLc1) up 0.94% at $85.67.

In the Cryptocurrency Markets, Bitcoin at 42006.50 up 0.81%, Ethereum up 1.92% at 3142.18, Litecoin at 138.77 up 1.77%, at the time of writing.

TECHNICAL REPORT

GBPUSD

TRADE SUGGESTION- BUY AT 1.36263, TAKE PROFIT AT 1.36631 AND STOP LOSS AT 1.36022

EURUSD

TRADE SUGGESTION- SELL AT 1.13489, TAKE PROFIT AT 1.13306 AND STOP LOSS AT 1.13727

GBPJPY

TRADE SUGGESTION- SELL AT 155.940, TAKE PROFIT AT 155.409 AND STOP LOSS AT 156.507

CHFJPY

TRADE SUGGESTION- SELL AT 124.926, TAKE PROFIT AT 124.502 AND STOP LOSS AT 125.205

DOW JONES

TRADE SUGGESTION- SELL AT 35085.00 TAKE PROFIT AT 34913.00 AND STOP LOSS AT 35274.00.

WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 85.50 TAKE PROFIT AT 86.31 AND STOP LOSS AT 84.84

GOLD

TRADE SUGGESTION- BUY AT 1839.90, TAKE PROFIT AT 1848.50 AND STOP AT 1832.65

BTC USD

TRADE SUGGESTION- SELL AT 41842.03 TAKE PROFIT AT 40964.04 AND STOP AT 43258.36

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