Daily Technical Analysis Report And Price Chart

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 23 MAY 2022

AFTER AN 8-WEEK DECLINE, DOW FUTURES ARE UP

Asia-Pacific stocks were mostly down on Monday morning. The Shanghai Composite is down 0.09% at 3,143.60. Overall, the Singapore MSCI is down 0.25% at 299.75. Over in Hong Kong, the Hang Seng Index is down 0.97% at 20,413. In Japan, the Nikkei 225 is up 0.93% at 27,020.00, while the Topix index is up 0.82% at 1896.00. South Korea’s Kospi is up 0.31% at 2647.38. Australia S&P/ASX 200 up 0.05% at 7148.90.

Top News of the Day:

U.S. stock futures moved higher in Sunday’s evening deals after major benchmark indices finished the week lower amid a broad market sell-off as stubbornly high inflation and tightening central bank policies soured risk appetite.

Investors are looking toward major retail companies as corporate earnings continue this week. Reporting companies include Costco Wholesale Corp (NASDAQ:COST), Macy’s Inc (NYSE:M), Nordstrom Inc (NYSE:JWN), Best Buy Co Inc (NYSE:BBY), Zoom Video Communications Inc (NASDAQ:ZM) and NVIDIA Corporation (NASDAQ:NVDA).

Market Summary as per 20/05/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 0.72% at 13,981.91, CAC 40 futures up 0.20% at 6285.25 and the UK 100 futures contract in the U.K. up 1.19% at 7,389.99.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.03% at 31261.91. The S&P 500 up 0.01% at 3901.35 and the Nasdaq 100 down 0.34% at 11835.62, NYSE closes up 0.30% at 15080.97.

TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.2560, TAKE PROFIT AT 1.2596 AND STOP LOSS AT 1.2520

EURUSD

TRADE SUGGESTION- BUY AT 1.0597, TAKE PROFIT AT 1.0603 AND STOP LOSS AT 1.0593

GBPJPY

TRADE SUGGESTION- SELL AT 160.268, TAKE PROFIT AT 159.328 AND STOP LOSS AT 160.862

CHFJPY

TRADE SUGGESTION- BUY AT 131.403, TAKE PROFIT AT 131.809 AND STOP-LOSS AT 130.821

FOR MORE INFO VISIT - capitalstreetfx

 

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STOCK MARKET: ROYAL DUTCH SHELL PRICE CHART, ANALYSIS AND TRADE 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 21.32 & 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 22.54 & 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 22.54

For more info visit - capitalstreetfx

 

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 25 MAY 2022

THE STOCK MARKET’S TWO-DAY RELIEF BOUNCE HAS FINISHED

Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai Composite is down 2.41% at 3,070.92. Overall, the Singapore MSCI is down 0.29% at 293.05. Over in Hong Kong, the Hang Seng Index is down 0.71% at 19,972. In Japan, the Nikkei 225 is down 0.56% at 26,590.00, while the Topix index is down 0.59% at 1867.50. South Korea’s Kospi is up 0.49% at 2618.75. Australia S&P/ASX 200 up 0.29% at 7149.80.

Top News of the Day:

Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and manufacturing output slowed, while Treasury yields dipped as the weakness in equities revived a safe-haven bid for U.S. government debt.

The stock market’s two-day relief rally ended as investors worried about slowing economies. Corporate profit margins have been squeezed, with soaring inflation forcing consumers to cut discretionary spending.

Market Summary as per 24/05/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 1.80% at 13,919.75, CAC 40 futures down 1.66% at 6253.15 and the UK 100 futures contract in the U.K. up 0.22% at 7,534.00.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.15% at 31928.63. The S&P 500 down 0.81% at 3941.49 and the Nasdaq 100 down 2.20% at 11769.84, NYSE closes down 0.34% at 15290.38.

TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.2518, TAKE PROFIT AT 1.2598 AND STOP LOSS AT 1.2469

For more info visit - capitalstreetfx

 

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO, AND COMMODITY – 26 MAY

As the Fed Minutes Meet Expectations, Wall Street Rallies

Asia Pacific stocks were mostly down on Thursday morning. The Shanghai Composite is up 0.59% at 3,125.88. Overall, the Singapore MSCI is up 1.50% at 294.40. Over in Hong Kong, the Hang Seng Index is down 0.41% at 20,042. In Japan, the Nikkei 225 is down 0.11% at 26,650.00, while the Topix index is up 0.11% at 1879.50. South Korea’s Kospi is down 0.27% at 2610.09. Australia S&P/ASX 200 down 0.52% at 7118.20.

TOP NEWS OF THE DAY:
Wall Street closed higher Wednesday, boosted after minutes from the Federal Reserve’s latest monetary policy meeting showed policymakers unanimously felt the U.S. economy was very strong as they grappled with reining in inflation without triggering a recession.

The minutes from the Federal Open Market Committee’s May meeting, which culminated in a 50-basis-point hike in the Fed funds target rate – the biggest jump in 22 years – showed most of the committee’s members judged that further such rate hikes would “likely be appropriate” at its upcoming June and July meetings.

Market Summary as per 25/05/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.63% at 14,007.93, CAC 40 futures up 0.73% at 6298.65 and the UK 100 futures contract in the U.K. up 0.51% at 7,522.74.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.60% at 32120.29. The S&P 500 up 0.95% at 3978.74 and the Nasdaq 100 up 1.48% at 11943.93, NYSE closes up 0.80% at 15412.19.

TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.2566, TAKE PROFIT AT 1.2598 AND STOP LOSS AT 1.2547

EURUSD

FOR MORE INFO VISIT:- capitalstreetfx

 

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 27 MAY

Wall Street Jumps on Retailer Outlook Hikes

Asia-Pacific stocks were up on Friday morning. The Shanghai Composite is up 0.23% at 3,130.23. Overall, the Singapore MSCI is up 0.86% at 297.60. Over in Hong Kong, the Hang Seng Index is up 2.65% at 20,586. In Japan, the Nikkei 225 is up 0.75% at 26,810.00, while the Topix index is up 0.59% at 1889.00. South Korea’s Kospi is up 0.98% at 2638.05. Australia S&P/ASX 200 up 1.08% at 7182.70.

Top News of the Day:

Wall Street closed sharply higher on Thursday after optimistic retail earnings outlooks and waning concerns about overly aggressive interest rate hikes by the Federal Reserve put investors in a buying mood.

All three major U.S. stock indexes posted solid gains, with economically sensitive consumer discretionary and microchip stocks beating the broader market.

Market Summary as per 26/05/2022:

European equities Thursday closing. The DAX futures contract in Germany traded up 0.47% at 14,298.52, CAC 40 futures up 0.36% at 6433.53 and the UK 100 futures contract in the U.K. down 0.24% at 7,546.90.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.61% at 32637.20. The S&P 500 up 1.99% at 4057.85 and the Nasdaq 100 up 2.79% at 12276.79, NYSE closes up 1.63% at 15663.99.

TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.2617, TAKE PROFIT AT 1.2636, AND STOP-LOSS AT 1.2596

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 30 MAY
Unemployment Rate is Expected to Tick Down to 3.5%

Asia Pacific stocks were up on Monday morning. The Shanghai Composite is up 0.47% at 3,144.93. Overall, the Singapore MSCI is up 0.40% at 299.50. Over in Hong Kong, the Hang Seng Index is up 0.69% at 20,894. In Japan, the Nikkei 225 is up 2.20% at 27,390.00, while the Topix index is up 1.88% at 1924.50. South Korea’s Kospi is up 1.19% at 2669.50. Australia S&P/ASX 200 up 1.34% at 7279.00.

Top News of the Day:

Friday’s nonfarm payrolls data for May is expected to show that the labour market remains robust, with economists expecting the economy to have added 320,000 jobs in May, slowing from 428,000 in April. While still firm it would represent the smallest jobs growth in around a year.

Wage growth is expected to remain solid amid a shortage of workers and the unemployment rate is expected to tick down to 3.5%.

Market Summary as per 27/05/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 1.62% at 14,462.19, CAC 40 futures up 1.64% at 6515.76 and the UK 100 futures contract in the U.K. up 0.27% at 7,585.47.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.76% at 33212.97. The S&P 500 up 2.47% at 4158.23 and the Nasdaq 100 up 3.30% at 12681.42, NYSE closes up 1.78% at 15942.62.

TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.2637, TAKE PROFIT AT 1.2651 AND STOP LOSS AT 1.2625

FOR MORE INFO VISIT - CAPITALSTREETFX

 

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USDCAD TECHNICAL ANALYSIS, TRADE SIGNALS AND IDEAS

USDCAD TECHNICAL ANALYSIS: WEEKLY CHART

In the weekly charts, USDCAD is trading in an upward channel.

It is trading below MA (20) and MA (100) but above MA (50).

RSI is in selling zone which indicates bearishness. MACD is currently trading above zero which indicates bullishness.

The immediate support is at 1.24942 and the resistance level is at 1.29775

USDCAD is trading in an upward channel until there is a trend reversal.

USDCAD TECHNICAL ANALYSIS: DAILY CHART

Click here for the full report - capitalstreetfx