Daily Forex Discussion And Technical analysis

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO, AND S&P 500 – 16 JUNE

 

S&P 500 Snap a Five-Session Losing Skid

 

Asia-Pacific stocks were up on Thursday morning. The Shanghai Composite is down 0.32% at 3,294.93. Overall, the Singapore MSCI is up 1.01% at 286.10. Over in Hong Kong, the Hang Seng Index is down 1.35% at 20,923. In Japan, the Nikkei 225 is up 0.57% at 26,430.00, while the Topix index is up 0.62% at 1863.50. South Korea’s Kospi is up 0.16% at 2451.41. Australia S&P/ASX 200 down 0.15% at 6591.10.

 

Top News of the Day:

 

The S&P 500 rallied on Wednesday to snap a five-session losing skid after a policy announcement by the Federal Reserve that raised interest rates to market expectations as the central bank seeks to fight rising inflation without sparking a recession.

 

The Federal Reserve raised its target interest rate by three-quarters of a percentage point, its biggest rate hike since 1994, and projected a slowing economy and rising unemployment in the months to come.

 

Market Summary as per 15/06/2022:

 

European equities Wednesday closing. The DAX futures contract in Germany traded up 1.36% at 13,485.29, CAC 40 futures up 1.35% at 6030.14 and the UK 100 futures contract in the U.K. up 1.20% at 7,273.42.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.00% at 30668.54. The S&P 500 up 1.46% at 3790.00 and the Nasdaq 100 up 2.49% at 11593.77, NYSE closes up 1.04% at 14595.22.

 

TECHNICAL SUMMARY

GBPUSD

 

 

 

TRADE SUGGESTION- SELL AT 1.2070, TAKE PROFIT AT 1.2038 AND STOP-LOSS AT 1.2120

 

 

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ROYAL DUTCH SHELL PRICE CHART, ANALYSIS AND TRADING SIGNALS​

 

 

ROYAL DUTCH SHELL TECHNICAL ANALYSIS: WEEKLY CHART

 

In the weekly charts, ROYAL DUTCH SHELL is trading in an up channel. ROYAL DUTCH SHELL is currently trading above all SMA.

 

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

 

Its immediate support is 21.33 & the resistance level is at 23.35.

 

ROYAL DUTCH SHELL will trade in the up channel until there is trend reversal.

 

ROYAL DUTCH SHELL TECHNICAL ANALYSIS: DAILY CHART

 

In the daily charts, ROYAL DUTCH SHELL is trading in an up channel. ROYAL DUTCH SHELL is currently trading above all SMA.

 

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

 

Its immediate support is 22.53 & the resistance level is at 23.35.

 

ROYAL DUTCH SHELL will trade in the up channel until there is trend reversal.

HOW TO TRADE ROYAL DUTCH SHELL THIS WEEK:

 

 

ROYAL DUTCH SHELL will follow the uptrend until their trend reversal. So, remain bullish on ROYAL DUTCH SHELL.

TRADE SUGGESTION- BUY AT 22.83, TAKE PROFIT AT 23.35 AND STOP LOSS AT 22.53

 

​

 

 

 

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TATE & LYLE TECHNICAL ANALYSIS, TRADE SIGNALS AND TRADING TIPS​

 

TATE & LYLE TECHNICAL ANALYSIS: WEEKLY CHART

 

In the weekly charts, TATE & LYLE is trading in an up channel. TATE & LYLE is currently trading above all SMA.

 

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

 

Its immediate support is 659.56 & the resistance level is at 689.83.

 

TATE & LYLE will trade in the up channel until there is trend reversal.

 

TATE & LYLE TECHNICAL ANALYSIS: DAILY CHART

 

In the daily charts, TATE & LYLE is trading in an up channel. TATE & LYLE is currently trading above all SMA.

 

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

 

Its immediate support is 668.00 & the resistance level is at 687.65.

 

TATE & LYLE will trade in the up channel until there is trend reversal.

HOW TO TRADE TATE & LYLE THIS WEEK:

 

 

TATE & LYLE will follow the uptrend until their trend reversal. So, remain bullish on TATE & LYLE.

 

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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

 

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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

 

 

 

 

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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

 

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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

 

 

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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?​

 

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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​

 

 

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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

 

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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

 

 

 

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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​

 

 

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 04 JULY 2022​

 

RISKS TO THE DOWNSIDE WERE INDICATED BY U.S. STATISTICS FOR JUNE WEEK’S PAYROLLS REPORT​

 

Asia Pacific stocks were mixed on Monday morning. The Shanghai Composite is up 0.26% at 3,396.53. Overall, the Singapore MSCI is up 1.40% at 282.95. Over in Hong Kong, the Hang Seng Index is up 0.01% at 21,746. In Japan, the Nikkei 225 is up 0.97% at 26,080.00, while the Topix index is up 1.47% at 1864.00. South Korea’s Kospi is down 0.92% at 2,284.27. Australia S&P/ASX 200 up 1.18% at 6617.10.

 

Top News of the Day:

 

Global share markets wavered on Monday as a run of soft U.S. data suggested downside risks for this week’s June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds.

 

The search for safety kept the U.S. dollar near 20-year highs, though early action was light with U.S. markets on holiday.

 

Market Summary as per 01/07/2022:

 

European equities Friday closing. The DAX futures contract in Germany traded up 0.23% at 12,813.03, CAC 40 futures up 0.14% at 5931.07 and the UK 100 futures contract in the U.K. down 0.01% at 7,168.64.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.05% at 31097.27. The S&P 500 up 1.05% at 3825.32 and the Nasdaq 100 up 0.71% at 11585.68, NYSE closes up 1.03% at 14636.75.

 

TECHNICAL SUMMARY​

 

GBPUSD

TRADE SUGGESTION- SELL AT 1.2102, TAKE PROFIT AT 1.2082 AND STOP LOSS AT 1.2120

 

 

 

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 05 JULY 2022​

 

U.S. STOCK FUTURES WERE HIGHER ON MONDAY OVERNIGHT TRADING

 

Asia-Pacific stocks were mostly up on Tuesday morning. The Shanghai Composite is down 0.58% at 3,385.89. Overall, the Singapore MSCI is up 0.30% at 283.55. Over in Hong Kong, the Hang Seng Index is up 0.10% at 21,836. In Japan, the Nikkei 225 is up 0.61% at 26,340.00, while the Topix index is up 0.29% at 1874.00. South Korea’s Kospi is up 1.80% at 2,341.78. Australia S&P/ASX 200 up 0.25% at 6629.30.

 

Top News of the Day:

 

U.S. Stock futures were higher overnight trading on Monday, with major benchmark averages remaining closed during regular hours for a public holiday after closing out the previous week with significant losses.

 

By 06:50 PM ET (2250 GMT) Dow Jones Futures added 0.2%, S&P 500 Futures lifted 0.3%, while the Nasdaq 100 Futures gained 0.7%.

 

Market Summary as per 04/07/2022:

 

European equities Monday closing. The DAX futures contract in Germany traded down 0.31% at 12,773.38, CAC 40 futures up 0.40% at 5954.66 and the UK 100 futures contract in the U.K. up 0.89% at 7,232.66.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.05% at 31097.27. The S&P 500 up 1.05% at 3825.32 and the Nasdaq 100 up 0.71% at 11585.68, NYSE closes up 1.03% at 14636.75.

 

TECHNICAL SUMMARY​

 

GBPUSD

 

 

TRADE SUGGESTION- SELL AT 1.2079, TAKE PROFIT AT 1.2064 AND STOP LOSS AT 1.2097

 

 

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 06 JULY 2022​

 

U.S. STOCK IS UNDER SELLING PRESSURE THIS YEAR WITH S&P 500 STEEPEST FIRST ½% DROP SINCE 1970

 

Asia-Pacific stocks were up on Wednesday morning. The Shanghai Composite is down 2.03% at 3,334.64. Overall, the Singapore MSCI is up 1.37% at 285.80. Over in Hong Kong, the Hang Seng Index is down 2.08% at 21,256. In Japan, the Nikkei 225 is down 1.29% at 26,000.00, while the Topix index is down 1.36% at 1848.50. South Korea’s Kospi is down 2.13% at 2,292.01. Australia S&P/ASX 200 down 0.52% at 6594.50.

 

Top News of the Day:

 

The S&P 500 ended slightly higher on Tuesday as investors kept their focus on the growth trajectory of the U.S. economy, and the tech-heavy Nasdaq closed higher while the Dow slipped.

 

U.S. stocks have been under relentless selling pressure this year, with the benchmark S&P 500 index recording its steepest first-half percentage drop since 1970, as the Federal Reserve moves away from easy-money policy by raising borrowing costs.

 

Market Summary as per 05/07/2022:

 

European equities Tuesday closing. The DAX futures contract in Germany traded down 2.91% at 12,401.20, CAC 40 futures down 2.68% at 5794.95 and the UK 100 futures contract in the U.K. down 2.86% at 7,025.48.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.42% at 30967.83. The S&P 500 up 0.16% at 3831.38 and the Nasdaq 100 up 1.68% at 11779.90, NYSE closes down 0.94% at 14499.49.

 

 

TECHNICAL SUMMARY​

 

 

 

GBPUSD

TRADE SUGGESTION- SELL AT 1.1975, TAKE PROFIT AT 1.1936 AND STOP LOSS AT 1.2083

 

 

 

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TECHNICAL ANALYSIS REPORT – 07 JULY 2022​

 

WALL STREET SEESAW WEDNESDAY BEHIND IT HIGHER CLOSE

 

Asia-Pacific stocks were mostly up on Thursday morning. The Shanghai Composite is up 0.22% at 3,362.23. Overall, the Singapore MSCI is down 0.04% at 285.25. Over in Hong Kong, the Hang Seng Index is up 0.34% at 21,579. In Japan, the Nikkei 225 is up 1.88% at 26,490.00, while the Topix index is up 1.76% at 1881.00. South Korea’s Kospi is up 1.84% at 2,334.27. Australia S&P/ASX 200 up 0.81% at 6648.00.

 

Top News of the Day:

 

Wall Street put a seesaw day behind it to close higher on Wednesday, as investors digested new clues on the U.S. central bank’s approach to rate policy and its inflation fight detailed in the minutes from the latest Federal Reserve meeting.

 

After a brutal selloff in global equity markets in the first half of the year, nervous investors are keeping a close watch on central bank actions as they try to assess the impact of aggressive rate hikes on global growth.

 

Market Summary as per 06/07/2022:

 

European equities Wednesday closing. The DAX futures contract in Germany traded up 1.56% at 12,594.52, CAC 40 futures up 2.03% at 5912.39 and the UK 100 futures contract in the U.K. up 1.17% at 7,107.78.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.23% at 31037.69. The S&P 500 up 0.36% at 3845.09 and the Nasdaq 100 up 0.62% at 11852.59, NYSE closes down 0.24% at 14465.29.

 

TECHNICAL SUMMARY​

 

 

GBPUSD

TRADE SUGGESTION- SELL AT 1.1960, TAKE PROFIT AT 1.1906 AND STOP LOSS AT 1.1986

 

 

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TECHNICAL ANALYSIS REPORT – 08 JULY 2022​

 

U.S. STOCK FUTURES LOWER ON THURSDAY AFTER JOB DATA RELEASE

 

Asia-Pacific stocks were up on Friday morning. The Shanghai Composite is down 0.23% at 3,356.06. Overall, the Singapore MSCI is up 0.59% at 288.90. Over in Hong Kong, the Hang Seng Index is up 0.05% at 21,718. In Japan, the Nikkei 225 is up 0.45% at 26,610.00, while the Topix index is up 0.72% at 1894.50. South Korea’s Kospi is up 0.70% at 2,350.61. Australia S&P/ASX 200 up 0.45% at 6678.00.

 

Top News of the Day:

 

U.S. stock futures were trading slightly lower during overnight deals on Thursday, after major benchmark averages finished the regular session higher as investors look ahead to key jobs data set to be released later in the session.

 

By 07:00 PM ET (2300 GMT) Dow Jones Futures and S&P 500 Futures dipped 0.1%, while Nasdaq 100 Futures lost 0.2%.

 

Market Summary as per 07/07/2022:

 

European equities Thursday closing. The DAX futures contract in Germany traded up 1.97% at 12,843.22, CAC 40 futures down 0.11% at 6000.78 and the UK 100 futures contract in the U.K. down 0.26% at 7,170.82.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.12% at 31384.56. The S&P 500 up 1.50% at 3902.63 and the Nasdaq 100 up 2.16% at 12109.05, NYSE closes up 1.46% at 14676.49.

 

 

TECHNICAL SUMMARY​

 

GBPUSD

TRADE SUGGESTION- SELL AT 1.1932, TAKE PROFIT AT 1.1914 AND STOP-LOSS AT 1.1943

 

 

 

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TECHNICAL ANALYSIS REPORT – 11 JULY 2022​

 

MARKETS CAUTION ON MONDAY DUE TO U.S. INFLATION REPORT

 

Asia-Pacific stocks were mostly down on Monday morning. The Shanghai Composite is down 1.23% at 3,314.82. Overall, the Singapore MSCI is flat at 289.00. Over in Hong Kong, the Hang Seng Index is down 2.95% at 21,086. In Japan, the Nikkei 225 is up 0.15% at 26,650.00, while the Topix index is up 0.61% at 1906.00. South Korea’s Kospi is down 0.44% at 2,340.27. Australia S&P/ASX 200 down 1.14% at 6602.20.

 

Top News of the Day:

 

Caution gripped share markets on Monday as investors braced for a U.S. inflation report that could force another super-sized hike in interest rates and the start of an earnings season in which profits will be under pressure.

 

Upbeat U.S. June payrolls report already has the market wagering heavily on a rise of 75 basis points from the Federal Reserve, sending bond yields and the dollar higher.

 

Market Summary as per 08/07/2022:

 

European equities Friday closing. The DAX futures contract in Germany traded up 1.34% at 13,015.23, CAC 40 futures down 1.59% at 5936.89 and the UK 100 futures contract in the U.K. down 0.87% at 7,119.20.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.15% at 31338.16. The S&P 500 down 0.08% at 3899.37 and the Nasdaq 100 up 0.14% at 12125.69, NYSE closes down 0.23% at 14642.32.

 

TECHNICAL SUMMARY​

 

GBPUSD

 

TRADE SUGGESTION- SELL AT 1.1955, TAKE PROFIT AT 1.1930 AND STOP-LOSS AT 1.1987

 

 

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TECHNICAL ANALYSIS REPORT – 12 JULY 2022​

 

 

Wall Street declines in response to economic data & EARNINGS

 

Asia-Pacific stocks were mostly down on Tuesday morning. The Shanghai Composite is down 0.92% at 3,282.97. Overall, the Singapore MSCI is down 1.65% at 285.65. Over in Hong Kong, the Hang Seng Index is down 1.21% at 20,898. In Japan, the Nikkei 225 is down 1.39% at 26,280.00, while the Topix index is down 1.44% at 1878.50. South Korea’s Kospi is down 0.96% at 2,317.76. Australia S&P/ASX 200 up 0.06% at 6606.30.

 

Top News of the Day:

 

U.S. stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial inflation data and the unofficial beginning to second-quarter earnings season.

 

Market leading growth stocks pulled all three major U.S. stock indexes into negative territory, with risk-off sentiment exacerbated by Macau’s first casino shutdown in over two years to curb the spread of COVID-19.

 

Market Summary as per 11/07/2022:

 

European equities Monday closing. The DAX futures contract in Germany traded down 1.40% at 12,832.44, CAC 40 futures down 0.36% at 5974.56 and the UK 100 futures contract in the U.K. down 0.24% at 7,179.15.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.52% at 31173.85. The S&P 500 down 1.15% at 3854.44 and the Nasdaq 100 down 2.19% at 11860.28, NYSE closes down 0.96% at 14502.43.

 

TECHNICAL SUMMARY​

 

GBPUSD

TRADE SUGGESTION- SELL AT 1.1821, TAKE PROFIT AT 1.1800 AND STOP LOSS AT 1.1859

 

 

 

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TECHNICAL ANALYSIS REPORT – 14 JULY 2022​

 

 

FRESH EARNINGS, INITIAL JOBLESS CLAIMS AND PPI DATA WILL RIDE THE MARKET

 

Asia Pacific stocks were mostly up on Thursday morning. The Shanghai Composite is down 0.23% at 3,276.45. Overall, the Singapore MSCI is down 1.31% at 282.50. Over in Hong Kong, the Hang Seng Index is down 0.86% at 20,652. In Japan, the Nikkei 225 is up 0.79% at 26,640.00, while the Topix index is up 0.19% at 1889.00. South Korea’s Kospi is up 0.02% at 2,329.13. Australia S&P/ASX 200 up 0.37% at 6646.00.

 

Top News of the Day:

 

U.S stock futures traded lower during Wednesday’s evening deals, following a negative close for major benchmark indices after a hotter than expected CPI print, with inflation surging to fresh 41-year highs, while investors look ahead to earnings reports from major financial companies.

 

Ahead in Thursday’s session, market participants will be monitoring fresh earnings reports from JPMorgan Chase & Co (NYSE:JPM) and Morgan Stanley (NYSE:MS), while weekly initial jobless claims and PPI data will also be closely watched.

 

Market Summary as per 13/07/2022:

 

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.16% at 12,756.32, CAC 40 futures down 0.73% at 6000.23 and the UK 100 futures contract in the U.K. down 0.74% at 7,156.38.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.67% at 30772.80. The S&P 500 down 0.45% at 3801.77 and the Nasdaq 100 down 0.14% at 11860.28, NYSE closes down 0.38% at 14340.28.

 

TECHNICAL SUMMARY​

 

GBPUSD

TRADE SUGGESTION- SELL AT 1.1834, TAKE PROFIT AT 1.1825 AND STOP LOSS AT 1.1853

 

 

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WEEKLY TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 17 JULY 2022​

 

WEEKLY SNAPSHOT​

 

GDP (YoY), U.K.

 

WHEN: WHAT IT HAD INFLUENCED:

 

13th JULY 2022 GBP and its subsequent pairs

 

WHAT HAPPENED: Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.

 

GBPJPY is currently in the upward channel. Further upside can be seen in the coming week.

 

Initial Jobless Claims, U.S.

 

WHEN: WHAT IT HAD INFLUENCED:

 

14th JULY 2022 USD and its subsequent pairs

 

WHAT HAPPENED: Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

 

USDCAD is currently in the upward channel. Further upside can be seen in the coming week.

 

RBA Interest Rate Decision (Jul), NEW ZEALAND

 

WHEN: WHAT IT HAD INFLUENCED:

 

12th JULY 2022 NZD and its subsequent pairs

 

WHAT HAPPENED: The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers.

 

NZDUSD is currently in the downward channel. Further downside can be seen in the coming week.

 

Gold falls Friday in fifth weekly decline on dollar strength

 

WHAT IT HAD INFLUENCED:

 

GOLD

 

WHAT HAPPENED: Gold prices eased on Friday and posted its fifth straight weekly loss, as expectations of a sizeable rate hike by the U.S. Federal Reserve powered the dollar and eroded bullion’s appeal.

 

Spot gold firmed to $1,705.39 per ounce, but lost about 2% this week. U.S. gold futures also eased 0.13% to $1,703.6.

 

That, to some, was an indication that gold may already have, or is close, to bottoming out and probably has not too much more to lose.

 

Friday’s trade in gold was bogged by more uncertainty after the release of sterling U.S. jobs data for June.

 

GOLD was trading in the downward channel. The downside will be further in the coming week after the breakdown.

 

TOP COMMODITIES IN THE COMING WEEK

 

GOLD

 

 

GOLD was trading in the downward channel. The downside will be further in the coming week after the breakdown.

 

 

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TECHNICAL ANALYSIS REPORT – 21 JULY 2022​

 

Dow Futures Relieve After Major Indices Continue Rally

 

Asia-Pacific stocks were mostly down on Thursday morning. The Shanghai Composite is down 0.97% at 3,272.72. Overall, the Singapore MSCI is up 0.03% at 291.80. Over in Hong Kong, the Hang Seng Index is down 1.25% at 20,636. In Japan, the Nikkei 225 is up 0.36% at 27,780.00, while the Topix index is up 0.21% at 1952.00. South Korea’s Kospi is up 0.93% at 2,409.16. Australia S&P/ASX 200 up 0.52% at 6794.30.

 

Top News of the Day:

 

U.S. stock futures were trading lower during Wednesday’s evening deals, after major benchmark indices extended their rally for the second consecutive session as market participants digest a deluge of corporate earnings results.

 

At 7:05pm ET (11:05pm GMT) Dow Jones Futures and S&P 500 Futures were down 0.3%, while Nasdaq 100 Futures fell 0.4%.

 

Market Summary as per 20/07/2022:

 

European equities Wednesday closing. The DAX futures contract in Germany traded down 0.20% at 13,281.98, CAC 40 futures up 0.12% at 6192.87 and the UK 100 futures contract in the U.K. up 0.07% at 7,268.50.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.15% at 31874.85. The S&P 500 up 0.59% at 3859.89 and the Nasdaq 100 up 1.55% at 12439.68, NYSE closes up 0.08% at 14778.46.

 

TECHNICAL SUMMARY​

 

GBPUSD

 

 

TRADE SUGGESTION- SELL AT 1.1940, TAKE PROFIT AT 1.1872 AND STOP LOSS AT 1.1989

 

 

 

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TECHNICAL ANALYSIS REPORT – 22 JULY 2022​

 

WALL STREET RALLY DUE TO HEAVY WEIGHT GROWTH STOCKS & TESLA

 

Asia-Pacific stocks were mostly up on Friday morning. The Shanghai Composite is down 0.59% at 3,252.89. Overall, the Singapore MSCI is up 1.52% at 296.75. Over in Hong Kong, the Hang Seng Index is up 0.08% at 20,591. In Japan, the Nikkei 225 is up 0.40% at 27,890.00, while the Topix index is up 0.28% at 1957.50. South Korea’s Kospi is down 0.66% at 2,393.14. Australia S&P/ASX 200 down 0.04% at 6791.50.

 

Top News of the Day:

 

Wall Street’s main indexes rose on Thursday boosted by a late-afternoon rally and gains in heavyweight growth stocks, including Tesla (NASDAQ:TSLA).

 

The tech-heavy Nasdaq added 1.4% to lead the gains while the S&P 500 closed at its highest level since June 9. The Dow Jones Industrial Average climbed 0.5%.

 

Market Summary as per 21/07/2022:

 

European equities Thursday closing. The DAX futures contract in Germany traded down 0.27% at 13,246.64, CAC 40 futures up 0.27% at 6201.12 and the UK 100 futures contract in the U.K. up 0.09% at 7,270.52.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.51% at 32036.91. The S&P 500 up 0.99% at 3998.94 and the Nasdaq 100 up 1.44% at 12619.41, NYSE closes up 0.63% at 14871.13.

 

TECHNICAL SUMMARY​

 

GBPUSD

 

TRADE SUGGESTION- SELL AT 1.1961, TAKE PROFIT AT 1.1932 AND STOP LOSS AT 1.1988

 

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AUDJPY TECHNICAL ANALYSIS​

 

 

AUDJPY TECHNICAL ANALYSIS: WEEKLY CHART

 

In the weekly charts, AUDJPY is trading in an up channel. AUDJPY is currently trading above all SMA.

 

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

 

Its immediate support is 93.8356 & the resistance level is at 95.7400.

 

AUDJPY will trade in an up channel until there is trend reversal.

 

AUDJPY TECHNICAL ANALYSIS: DAILY CHART​

 

 

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TECHNICAL ANALYSIS REPORT – 25 JULY 2022​

 

During Sunday’s evening trades, U.S. stock futures were mixed

 

Asia-Pacific stocks were mostly down on Monday morning. The Shanghai Composite is down 0.55% at 3,252.82. Overall, the Singapore MSCI is down 1.11% at 293.75. Over in Hong Kong, the Hang Seng Index is down 0.52% at 20,511. In Japan, the Nikkei 225 is down 0.68% at 27,700.00, while the Topix index is down 0.72% at 1943.50. South Korea’s Kospi is up 0.44% at 2,403.69. Australia S&P/ASX 200 down 0.02% at 6789.90.

 

Top News of the Day:

 

U.S. stock futures were mixed during Sunday’s evening deals, following a positive week among major U.S. indices as market participants prepare for the busiest week of corporate earnings, while further interest rate hikes are expected at Wednesday’s Federal Reserve interest rate decision.

 

By 7:10pm ET (11:10pm GMT) Dow Jones Futures and S&P 500 Futures were down 0.1% apiece, while Nasdaq 100 Futures added 0.1%.

 

Market Summary as per 22/07/2022:

 

European equities Friday closing. The DAX futures contract in Germany traded up 0.05% at 13,253.68, CAC 40 futures up 0.25% at 6216.83 and the UK 100 futures contract in the U.K. up 0.08% at 7,276.38.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.43% at 31899.30. The S&P 500 down 0.93% at 3961.63 and the Nasdaq 100 down 1.77% at 12396.47, NYSE closes down 0.54% at 14790.78.

 

 

TECHNICAL SUMMARY

​

GBPUSD

TRADE SUGGESTION- SELL AT 1.1980, TAKE PROFIT AT 1.1958 AND STOP LOSS AT 1.2000

 

 

 

 

 

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