Daily forex discussion and Technical analysis

[forexnews]

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 06 JUNE
Week Brings CPI Reports In The U.S.

Asia-Pacific stocks were mostly up on Monday morning. The Shanghai Composite is up 1.11% at 3,231.04. Overall, the Singapore MSCI is down 0.85% at 296.35. Over in Hong Kong, the Hang Seng Index is up 1.61% at 21,280. In Japan, the Nikkei 225 is up 0.43% at 27,910.00, while the Topix index is up 0.10% at 1935.50. South Korea’s Kospi is up 0.44% at 2670.65. Australia S&P/ASX 200 down 0.45% at 7206.30.

Top News of the Day:

Stock markets ended the first week of June on a down note, as a strong U.S. jobs report made clear the Federal Reserve and other central banks can continue their monetary tightening policy, at the expense of risk assets.

This week brings CPI reports in the U.S., as inflation remains the biggest concern at the Fed and other central banks. The European Central Bank meets this week amidst expectations of policy normalization

Market Summary as per 03/06/2022:

European equities Friday closing. The DAX futures contract in Germany traded down 0.17% at 14,460.09, CAC 40 futures down 0.23% at 6485.31 and the UK 100 futures contract in the U.K. down 0.98% at 7,532.96.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.05% at 32899.71. The S&P 500 down 1.63% at 4108.55 and the Nasdaq 100 down 2.67% at 12548.03, NYSE closes down 1.02% at 15797.17.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.2527, TAKE PROFIT AT 1.2475 AND STOP LOSS AT 1.2566

EURUSD

TRADE SUGGESTION- BUY AT 1.0728, TAKE PROFIT AT 1.0764 AND STOP LOSS AT 1.0694

USDJPY

TRADE SUGGESTION- BUY AT 130.703, TAKE PROFIT AT 130.965 AND STOP LOSS AT 130.333

USDCHF

TRADE SUGGESTION- SELL AT 0.9614, TAKE PROFIT AT 0.9566 AND STOP LOSS AT 0.9641

EURO STOXX 50

TRADE SUGGESTION- BUY AT 3828.00 TAKE PROFIT AT 3851.00 AND STOP LOSS AT 3804.00

 

[Fx Simplified]

I appreciate your thoughts

 

[forexnews]

ETHEREUM TECHNICAL ANALYSIS, TRADE IDEAS AND SIGNALS

ETHEREUM TECHNICAL ANALYSIS: WEEKLY CHART

In the weekly charts, ETHEREUM 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 1525 and the resistance level is at 2250

ETHEREUM is trading in a downward channel until there is a trend reversal.

ETHEREUM TECHNICAL ANALYSIS: DAILY CHART

In the daily charts, ETHEREUM 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 1710 and the resistance level is at 1985

ETHEREUM is trading in a downward channel until there is a trend reversal.

HOW TO TRADE ETHEREUM THIS WEEK:
ETHEREUM is trading in a downward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 1470, TAKE PROFIT AT 770, AND STOP-LOSS AT 1970

For More Info Visit - Capital street fx

 

[ggtecn]

I appreciate your post ETHEREUM is trading in a channel

 

[forexnews]

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND GOLD – 10 JUNE

U.S. STOCKS SOLD OFF SHARPLY AHEAD OF DATA ON FRIDAY

Asia-Pacific stocks were mostly down on Friday morning. The Shanghai Composite is up 0.99% at 3,270.93. Overall, the Singapore MSCI is down 1.59% at 294.50. Over in Hong Kong, the Hang Seng Index is down 0.09% at 21,772. In Japan, the Nikkei 225 is down 1.77% at 27,800.00, while the Topix index is down 1.30% at 1941.50. South Korea’s Kospi is down 1.10% at 2596.40. Australia S&P/ASX 200 down 1.10% at 6942.60.

Top News of the Day:

U.S. stocks sold off sharply Thursday as investor anxiety heightened ahead of data on Friday that is expected to show consumer prices remained elevated in May.

Selling picked up toward the end of the session. Mega-cap growth stocks led the drop, with Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) falling 3.6% and 4.2%, respectively, and putting the most pressure on the S&P 500 and the Nasdaq.

Market Summary as per 09/06/2022:

European equities Thursday closing. The DAX futures contract in Germany traded down 1.71% at 14,198.80, CAC 40 futures down 1.40% at 6358.47 and the UK 100 futures contract in the U.K. up 0.04% at 7,428.6.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.94% at 32272.80. The S&P 500 down 2.38% at 4017.81 and the Nasdaq 100 down 2.74% at 12269.78, NYSE closes down 2.34% at 15472.45.

TECHNICAL SUMMARY
GBPUSD

For More Info Visit - Capital street fx

 

[dheeveti]

Thanks for the detailed analysis, wondering if there is enough volume in Crypto going on right now to trade it?

 

[forexnews]

Thanks for the detailed analysis, wondering if there is enough volume in Crypto going on right now to trade it?

Thank you for your reply
you can visit the site for more updates.

capitalstreetfx

 

[forexnews]

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND GOLD – 13 JUNE

DOW FUTURES EXTEND LOSSES AFTER WORST WEEK SINCE JANUARY
Asia Pacific stocks were down on Monday morning. The Shanghai Composite is down 1.00% at 3,251.82. Overall, the Singapore MSCI is down 1.82% at 288.35. Over in Hong Kong, the Hang Seng Index is down 3.22% at 20,997. In Japan, the Nikkei 225 is down 3.27% at 26,950.00, while the Topix index is down 2.29% at 1897.50. South Korea’s Kospi is down 3.19% at 2513.03. Australia S&P/ASX 200 down 1.25% at 6932.00.

Top News of the Day:

U.S. stock futures were trading lower during Sunday’s evening deals after major benchmark indices declined on Friday to post their biggest weekly declines in 5 months as a hotter-than-expected inflation print rattled risk sentiment.

Ahead in the week, market participants will be closely monitoring new retail sales data as well as the U.S. Federal Reserve interest rate decision, with policymakers expected to announce at least a half-point rate hike in an effort to stave off surging inflation pressures.

Market Summary as per 10/06/2022:

European equities Friday closing. The DAX futures contract in Germany traded down 3.08% at 13,761.83, CAC 40 futures down 2.69% at 6187.24, and the UK 100 futures contract in the U.K. down 2.12% at 7,317.53.

The Dow Jones Industrial Average closed down 2.73% in the U.S. on Wall Street at 31392.80. The S&P 500 is down 2.91% at 3900.85 and the Nasdaq 100 is down 3.56% at 11832.81, NYSE closes down 2.43% at 15096.68.

TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.2288, TAKE PROFIT AT 1.2258 AND STOP LOSS AT 1.2328

for more updates visit - capitalstreetfx

 

[forexnews]

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND S&P 500 – 14 JUNE

S&P 500 Drops 3.9% Fueled by Worries of Interest Rate Hike by FED

Asia-Pacific stocks were down on Tuesday morning. The Shanghai Composite is up 0.40% at 3,268.02. Overall, the Singapore MSCI is down 0.75% at 283.90. Over in Hong Kong, the Hang Seng Index is up 0.57% at 21,014. In Japan, the Nikkei 225 is down 0.67% at 26,660.00, while the Topix index is down 0.58% at 1878.00. South Korea’s Kospi is down 0.46% at 2492.97. Australia S&P/ASX 200 down 3.55% at 6686.00.

Top News of the Day:

While the S&P 500 confirmed on Monday that it has been in a bear market since January, many of the benchmark’s components are in far worse shape following months of fear-driven selling related to rising interest rates and worries about the economy.

Market Summary as per 13/06/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 2.43% at 13,427.03, CAC 40 futures down 2.67% at 6022.33 and the UK 100 futures contract in the U.K. down 1.53% at 7,205.80.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 2.79% at 30516.75. The S&P 500 down 3.88% at 3749.64 and the Nasdaq 100 down 4.60% at 11288.32, NYSE closes down 3.77% at 14527.89.

TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.2180, TAKE PROFIT AT 1.2153 AND STOP LOSS AT 1.2206

VISIT FOR MORE INFO:- CAPITALSTREETFX

 

[forexnews]

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND NIKKEI 225 – 15 JUNE

Investors Expect FED will Raise Interest Rate by 75 bps

Asia-Pacific stocks were mixed on Wednesday morning. The Shanghai Composite is up 1.40% at 3,334.55. Overall, the Singapore MSCI is up 0.57% at 284.75. Over in Hong Kong, the Hang Seng Index is up 1.55% at 21,221. In Japan, the Nikkei 225 is down 1.43% at 26,280.00, while the Topix index is down 1.38% at 1852.00. South Korea’s Kospi is down 1.83% at 2447.38. Australia S&P/ASX 200 down 1.27% at 6601.00.

Top News of the Day:

Investors have dramatically raised their bets that the U.S. Federal Reserve will raise interest rates by 75 basis points (bps) rather than 50 bps on Wednesday, a swing in expectations that has fuelled a violent selloff across world markets.

Investors worry that a 75-bps rate increase, which would be the biggest since 1994, will negatively impact the valuation of equities, particularly technology stocks, and jeopardize the post-COVID-19 recovery.

Market Summary as per 14/06/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 0.91% at 13,304.39, CAC 40 futures down 1.20% at 5949.85 and the UK 100 futures contract in the U.K. down 0.25% at 7,187.47.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.50% at 30364.84. The S&P 500 down 0.38% at 3735.47 and the Nasdaq 100 up 0.21% at 11311.69, NYSE closes down 0.57% at 14444.64.

TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.2029, TAKE PROFIT AT 1.1986 AND STOP LOSS AT 1.2120

FOR MORE INFO VISIT US - CAPITAL STREET FX

 

[forexnews]

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

VISIT FOR MORE INFO - CAPITALSTREETFX

 

[forexnews]

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

Visit us for more technical report - capitalstreetfx

 

[forexnews]

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

Visit us for more technical report - capitalstreetfx

 

[forexnews]

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

Visit us for more technical report - capitalstreetfx

 

[forexnews]

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

Visit us for more technical report - capitalstreetfx

 

[forexnews]

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

 

[forexnews]

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

Visit us for more technical report - capitalstreetfx

 

[forexnews]

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?

read full article visit - capitalstreetfx

 

[forexnews]

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

read full article visit - capitalstreetfx

 

[andengireng]

EURCAD today as we see here, the price is still sideways so it is good if use your trapping strategy, you can open sell position when the price breaks support area at 1.3600 with potential target up to 50 pips below