Technical Analysis Report – 26 July 2022
Stock Market Technical Analysis Summary as per 25/07/2022:
European equities Monday closing. The DAX futures contract in Germany traded down 0.38% at 13,158.72, CAC 40 futures down 0.23% at 6223.02 and the UK 100 futures contract in the U.K. up 0.53% at 7,345.47.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.28% at 31990.05. The S&P 500 up 0.13% at 3966.83 and the Nasdaq 100 down 0.55% at 12328.41, NYSE closes up 0.73% at 14899.08.
Top Market News Today:
In the Forex market, GBPUSD up 0.11% at 1.2052. The USDJPY down 0.03% at 136.599. The USDCHF down 0.03% at 0.9640. EURUSD up 0.15% at 1.0233, EUR/GBP up 0.10% at 0.8490. The USD/CNY up 0.05% at 6.7540 at the time of writing.
In the Commodity market U.S. Gold futures up 0.45% at $1,726.93. Elsewhere, Silver futures up 1.16% at $18.642 per ounce, Platinum up 0.80% at $887.50 per ounce, and Palladium up 0.65% at $2020.00.
Crude Oil up on Tuesday; Brent Crude Oil up 2.09% at $107.05 per barrel while U.S. West Texas Intermediate (CLc1) up 2.18% at $97.83.
In the Cryptocurrency Markets, Bitcoin at 21115.00 down 3.52%, Ethereum down 5.01% at 1421.00, Litecoin at 53.29 down 1.55%, at the time of writing.
Top Market Segment to Watch Out Today:
General Motors Co.: General Motors Co (NYSE:GM)’s South Korea unit has resumed production at its two factories in the country this week following a production halt that lasted about two weeks over procurement issues, an official at GM Korea told Reuters on Tuesday.
The U.S. automaker’s Korea unit had suspended production of all vehicles at its Changwon and No. 2 Bupyeong plants since mid-July after a local supplier, which demanded a price hike for its products, refused to supply auto parts.
TECHNICAL SUMMARY
GBPUSD Technical Analysis
TRADE SUGGESTION- BUY AT 1.2033, TAKE PROFIT AT 1.2083 AND STOP LOSS AT 1.2000
EURUSD Technical Analysis
TRADE SUGGESTION- BUY AT 1.0216, TAKE PROFIT AT 1.0255 AND STOP LOSS AT 1.0178
GBPJPY Technical Analysis
TRADE SUGGESTION- BUY AT 164.234, TAKE PROFIT AT 165.077 AND STOP LOSS AT 163.561
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