TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 27 JANUARY 2022

 Asia Pacific stocks were down on Thursday morning. The Shanghai Composite is down 1.21% at 3,413.91. Overall, the Singapore MSCI is down 1.98% at 331.00. Over in Hong Kong, the Hang Seng Index down 2.62% at 23,676.00. In Japan, the Nikkei 225 is down 3.18% at 26,150.00, while the Topix index is down 2.62% at 1841.50. South Korea’s Kospi down 3.31% to 2619.42. Australia S&P/ASX 200 down 1.77% at 6838.30.

European equities Wednesday closing. The DAX futures contract in Germany traded up 2.22% at 15459.39, CAC 40 futures up 2.11% at 6981.97, and the UK 100 futures contract in the U.K. up 1.33% at 7,469.79.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.38% at 34168.10. The S&P 500 down 0.15% at 4349.92 and the Nasdaq 100 up 0.17% at 14172.76, NYSE closes down 0.64% at 16236.51.

In the Forex market, GBPUSD down 0.23% at 1.34290. The USDJPY up 0.05% at 114.695. The USDCHF up 0.05% at 0.92463. EURUSD down 0.19% at 1.122, EUR/GBP up 0.10% at 0.8356. The USD/CNY up 0.41% at 6.3450 at the time of writing.

In the commodity market, U.S. Gold futures are down 0.37% at $1,812.30. Elsewhere, Silver futures down 1.36% at $23.181 per ounce, Platinum down 1.02% at $1019.00 per ounce, and Palladium down 0.90% at $2309.50.

Crude Oil down on Thursday; Brent crude oil down 0.49% at $89.26 per barrel while U.S. West Texas Intermediate (CLc1) down 0.65% at $86.115.

In the Cryptocurrency Markets, Bitcoin at 35985.66 down 2.29%, Ethereum down 3.36% at 2381.04, Litecoin at 105.11 down 1.77%, at the time of writing.

TECHNICAL REPORT

GBPUSD

TRADE SUGGESTION- SELL AT 1.34242, TAKE PROFIT AT 1.34065 AND STOP LOSS AT 1.34565

EURUSD

TRADE SUGGESTION- SELL AT 1.12180, TAKE PROFIT AT 1.12132 AND STOP LOSS AT 1.12244

EURGBP

TRADE SUGGESTION- SELL AT 0.83501, TAKE PROFIT AT 0.83397 AND STOP LOSS AT 0.83697

EURJPY

TRADE SUGGESTION- SELL AT 128.564, TAKE PROFIT AT 128.375 AND STOP LOSS AT 128.796

EURO STOXX 50

TRADE SUGGESTION- SELL AT 4067.00 TAKE PROFIT AT 4027.00 AND STOP LOSS AT 4107.00.

WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 86.29 TAKE PROFIT AT 87.36 AND STOP LOSS AT 85.36

GOLD

TRADE SUGGESTION- SELL AT 1813.05, TAKE PROFIT AT 1808.51 AND STOP AT 1819.89

LITECOIN USD

TRADE SUGGESTION- SELL AT 105.20 TAKE PROFIT AT 102.67 AND STOP AT 109.46

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