Technical Report Today – 20 December 2021

Stock Market Technical Analysis

Technical Report Today – 20 December 2021

Asia Pacific stocks were down on Monday morning. The Shanghai composite is down 0.85% at 3,601.62. Overall, the Singapore MSCI down 1.14% at 330.45. Over in Hong Kong, the Hang Seng Index down 1.62% at 22,767.00. In Japan, the Nikkei 225 down 2.21% at 27,890.00, while the Topix index is down 2.22% at 1939.0. South Korea’s Kospi down 1.72% to 2965.68. Australia S&P/ASX 200 down 0.16% at 7292.2.

European equities Friday closing. The DAX futures contract in Germany traded down 0.67% at 15531.69, CAC 40 futures down 1.12% at 6926.64 and the UK 100 futures contract in the U.K. down 0.94% at 7,171.30.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.48% at 35365.45. The S&P 500 down 1.03% at 4620.65 and the Nasdaq 100 down 0.39% at 15801.46, NYSE closes down 1.07% at 16668.64.

In the Forex market, GBPUSD down 0.12% at 1.32176. The USDJPY down 0.21% at 113.456. The USDCHF down 0.06% at 0.92352. EURUSD up 0.12% at 1.12494, EUR/GBP up 0.30% at 0.85106. The USD/CNY up 0.05% at 6.3781 at the time of writing.

In the commodity market U.S. Gold futures up 0.21% at $1,801.40. Elsewhere, Silver futures down 0.09% at $22.300 per ounce, Platinum down 1.33% at $924.00 per ounce, and Palladium down 4.87% at $1699.00.

Crude Oil down on Monday; Brent crude oil down 2.85% at $70.88 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.55% at $70.72.

In the Cryptocurrency Markets, Bitcoin at 46376.93 down 0.70%, Ethereum down 2.12% at 3839.16, Litecoin at 150.45 down 1.69%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

FedEx Corp. up 4.947% at $250.32, Dexcom Inc. up 4.908% at $555.34, Moderna Inc. up 4.532% to $294.80, Carnival Corp. up 4.041% to $18.28, Oracle Corp. down 6.394% to $96.62, Hess Corp. down 5.302% at $71.62.

Economic news:

US: U.S. Senators Elizabeth Warren and Cory Booker said on Sunday they both tested positive for COVID-19 and were experiencing mild symptoms amid a nationwide surge in coronavirus cases.

Warren, a Massachusetts Democrat, 72, said on Twitter (NYSE:TWTR) she is vaccinated and boosted and regularly tested for COVID-19, and “while I tested negative earlier this week, today I tested positive with a breakthrough case.”

Booker, 52, a New Jersey Democrat, said on Twitter he had learned Sunday of his positive test “after first feeling symptoms on Saturday.” He added he had “relatively mild” symptoms and recently had received a vaccine booster. “I’m certain that without them I would be doing much worse,” he said.

There were long lines at a Capitol Hill COVID-19 testing location last week. The Senate adjourned early Saturday until Jan. 3. Warren’s diagnosis comes amid a surge of U.S. COVID-19 cases.

Eurozone: The number of finance jobs shifting from Britain to the European Union due to Brexit is less than initially expected despite billions of euros in share trading moving to the bloc and London losing most of its access to EU capital markets, consultants EY said on Monday.

After Britain voted in 2016 to exit the EU, analysts like Oliver Wyman estimated that up to 35,000 financial services jobs or more would leave Britain.

Britain fully left the EU last December, ending the City of London’s unfettered access to what had been its biggest single export customer.

“However, over the last year, a number of the largest investment banks located in the UK have revised down the number of staff that will be relocated to the EU, taking the current number of Brexit-related job move announcements to just under 7,400, down from 7,600 in December 2020,” EY said in its latest Brexit tracker.

This is a fraction of the 1.1 million people working in finance.

There have been around 2,800 new hires in the EU due to Brexit, which avoid the need to relocate some staff from London, with 2,200 finance jobs also created in the UK, EY said.

Important Data: UK CBI Industrial Trends Orders (Dec) today at 6:00 previously which was 26. US 6-Month Bill Auction at 11:30 previously which was 0.13%. US Leading Index (MoM) (Nov) today at 10:00 this time estimated 0.8%, previously which was 0.9%. NEW ZEALAND Credit Card Spending (YoY) today at 21:00 previously which was -5.6%.

TECHNICAL REPORT

GBPUSD Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.3210, TAKE PROFIT AT 1.3167 AND STOP LOSS AT 1.3251

EURUSD Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.12463, TAKE PROFIT AT 1.12175 AND STOP LOSS AT 1.12632

GBPJPY Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 149.787, TAKE PROFIT AT 149.466 AND STOP LOSS AT 150.026

CHFJPY Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 122.712, TAKE PROFIT AT 122.437 AND STOP LOSS AT 122.993.

NIKKEI 225 Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 27782.00 TAKE PROFIT AT 27563.00 AND STOP LOSS AT 28003.00

WTI CRUDE OIL Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 67.97 TAKE PROFIT AT 66.19 AND STOP LOSS AT 69.29

GOLD Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1799.57, TAKE PROFIT AT 1804.44 AND STOP AT 1796.32

LITECOIN USD Analysis

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 151.139 TAKE PROFIT AT 146.318 AND STOP AT 159.705

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