TECHNICAL ANALYSIS REPORT – 27 JULY 2022

 Asia-Pacific stocks were mixed on Wednesday morning. The Shanghai Composite is up 0.07% at 3,279.64. Overall, the Singapore MSCI is up 0.05% at 293.65. Over in Hong Kong, the Hang Seng Index is down 1.06% at 20,665. In Japan, the Nikkei 225 is up 0.40% at 27,760.00, while the Topix index is up 0.18% at 1947.50. South Korea’s Kospi is up 0.11% at 2,415.53. Australia S&P/ASX 200 up 0.23% at 6823.20.

Top News of the Day:

U.S. stock futures were trading higher during Tuesday’s evening deals, following a negative close for major benchmark averages as market participants monitor earnings from mega-cap technology companies as well as the Federal Reserve’s latest interest rate decision due later in the session.

By 7:15pm ET (11:15pm GMT) Dow Jones Futures were up 0.2%, S&P 500 Futures lifted 0.6%, and Nasdaq 100 Futures gained 1.2%.

Market Summary as per 26/07/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 0.86% at 13,096.93, CAC 40 futures down 0.42% at 6211.46 and the UK 100 futures contract in the U.K. flat at 7,306.29.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.71% at 31761.55. The S&P 500 down 1.15% at 3921.04 and the Nasdaq 100 down 1.96% at 12086.90, NYSE closes down 0.71% at 14793.55.

Top Market News Today:

In the Forex market, GBPUSD up 0.18% at 1.2047. The USDJPY up 0.05% at 136.928. The USDCHF down 0.09% at 0.9616. EURUSD up 0.21% at 1.0136, EUR/GBP up 0.09% at 0.8414. The USD/CNY down 0.03% at 6.7620 at the time of writing.

In the Commodity market U.S. Gold futures up 0.15% at $1,719.07. Elsewhere, Silver futures up 0.06% at $18.621 per ounce, Platinum down 0.40% at $870.50 per ounce, and Palladium down 0.50% at $2002.00.

Crude Oil up on Wednesday; Brent Crude Oil up 0.10% at $104.71 per barrel while U.S. West Texas Intermediate (CLc1) up 0.09% at $94.79.

In the Cryptocurrency Markets, Bitcoin at 21190.00 up 1.31%, Ethereum up 0.03% at 1450.30, Litecoin at 53.44 down 0.58%, at the time of writing.

Top Market Segment to Watch Out Today:

TOYOTA: Toyota Motor (NYSE:TM) Corp has suspended night shift operations at one production line of its Takaoka factory in central Japan because of a COVID-19 outbreak, the company said on Wednesday.

The cancellation came after eight plant workers caught the virus, it said. Toyota suspended night shift production of the line on Tuesday.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.2054, TAKE PROFIT AT 1.2089 AND STOP LOSS AT 1.2030

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.0142, TAKE PROFIT AT 1.0118 AND STOP LOSS AT 1.0172

USDJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 137.020, TAKE PROFIT AT 137.884 AND STOP LOSS AT 136.303

USDCHF

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.9629, TAKE PROFIT AT 0.9605 AND STOP LOSS AT 0.9646


https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-27-july-2022/

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