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TECHNICAL REPORT

#GBPUSD

Indicator RSI MA (5) MA (20) MA (50) Bollinger
(U, M, L) Stochastic
Reading 58.35 1.361 1.3523 1.3393 1.37139
1.35232
1.33325 %K=80.03
%D=81.58
Comment Buying
Zone PricedownMA PriceaboveMA Priceabove
MA Price below UB
Price aboveMB
Price above LB Crossover to thedownside
Trend Bullish Bearish Bullish Bullish Bullish Bearish
Special Notes The market is expected to trade on upside. The market is tradingabove20 and 50 days MA and below 5 days MA. The RSI states that market is in buying zone and the stochastic suggests downtrend.

TRADE SUGGESTION- BUYAT 1.35840, TAKE PROFIT AT 1.35714 AND STOP AT 1.36118

#EURUSD

Indicator RSI MA (5) MA (20) MA (50) Bollinger
(U, M, L) Stochastic
Reading 66.22
1.2287 1.2232 1.2069 1.23285
1.22317
1.21349 %K =85.80
%D =81.55
Comment Buying
Zone Price above
MA Priceabove MA Priceabove MA Price below
UB
Price aboveMB
Price above LB Crossover to theupside
Trend Bullish Bullish Bullish Bullish Bullish Bullish
Special Notes The market is expected to trade on thepositiveside. The market is trading above allMA. The RSI states market isinBuyingzone. Stochastic suggests uptrend.

TRADE SUGGESTION- BUYAT 1.23119, TAKE PROFIT AT 1.23426 AND STOP LOSS AT 1.22882

#NZDJPY

Indicator RSI MA (5) MA (20) MA (50) Bollinger
(U, M, L) Stochastic
Reading 73.32
74.6672 73.2928 73.2385 75.1168
73.9301
72.7438 %K = 97.44
%D =90.96
Comment Over Bought
Zone Price above
MA
Priceabove MA Priceabove
MA Priceabove
UB
Priceabove MB
Price above LB Crossover to theup side
Trend Mild Bearish Bullish Bullish Bullish Mild Bearish Bullish
Special Notes The market is expected to trade on the positiveside. The market is tradingaboveall MA.The RSI states that market is in over bought zone. The stochastic suggestsup trend.

TRADE SUGGESTION- BUYAT75.2080, TAKE PROFIT AT75.9422AND STOP LOSS AT74.6604

#CADCHF

Indicator RSI MA (5) MA (20) MA (50) Bollinger
(U, M, L) Stochastic
Reading 50.21
0.6930 0.6924 0.6947 0.69687
0.69236
0.68785 %K =70.78
%D = 65.58
Comment Buying
Zone Priceabove
MA Priceabove
MA Pricebelow
MA PricebelowUB
Price above
MB
Price above LB Crossover to theupside
Trend Mild Bullish Bullish Bullish Bearish Bullish Bullish
Special Notes The market is expected to trade on the positiveside. The market is trading above5 and 20 daysMA and below 50 days Moving Average. The RSI states that market is inBuyingzone and the stochastic suggestsuptrend.

TRADE SUGGESTION- BUY AT0.69331, TAKE PROFIT AT0.69477 AND STOP AT0.69217

#FTSE 100

Indicator RSI MA (5) MA (20) MA (50) Bollinger
(U, M, L) Stochastic
Reading 54.26 6490.5 6496.925 6368.38 6633.4
6496.9
6360.5 %K =52.75
%D =59.64
Comment Buying
Zone Priceabove
MA Price above MA Priceabove
MA Price below UB
PriceaboveMB
Price above LB Crossover to thedownside
Trend Bullish Bullish Bullish Bullish Bullish Bearish
Special Notes The market is expected to trade on the positiveside. The market is trading aboveall MA. The RSI suggests market is in buyingzone and the stochastic suggests downward direction

TRADE SUGGESTION- BUYAT 6503.8TAKE PROFIT AT6549.4 AND STOP AT6463.0

#CRUDE OIL

Indicator RSI MA (5) MA (20) MA (50) Bollinger
(U, M, L) Stochastic
Reading 67.77 49.748 48.3995 45.649 50.77
48.40
46.03 %K =96.70
%D =83.11
Comment Buying
Zone Priceabove MA Price above MA Price aboveMA Price aboveUB
Priceabove
MB
Price above LB Crossover to the upside
Trend Bullish Bullish Bullish Bullish Mild Bearish Bullish
Special Notes The market is expected to trade on the positiveside. The market is tradingabove allMA. The RSI suggests market is in buying zone and the stochastic suggests that market can move in upward direction

TRADE SUGGESTION- BUYAT51.10 TAKE PROFIT AT51.91AND STOP AT 50.40

12 views07:56

#GOLD

Indicator RSI MA (5) MA (20) MA (50) Bollinger
(U, M, L) Stochastic
Reading 61.09 1929.4 1893.083 1863.8188 1940.72
1893.08
1845.48 %K =71.85
%D = 81.94
Comment Buying
Zone Price below
MA Price aboveMA Price above
MA Price below UB
Price above MB
Price above LB Crossover to the down side
Trend Bullish Bearish Bullish Bullish Bullish Bearish
Special Notes The market is expected to trade on the positiveside. The market is trading above20 and 50 days MA and below 5 daysMA. The RSI is inbuying zone and the stochastic suggests that market can move indownwards direction.

TRADE SUGGESTION- BUYAT1923.7, TAKE PROFIT AT 1931.68AND STOP AT 1917.29

#LITECOIN USD

Indicator RSI MA (5) MA (20) MA (50) Bollinger
(U, M, L) Stochastic
Reading 70.8 160.242 128.6329 98.7147 169.95591
128.62945
87.30070 %K =92.78
%D = 88.25
Comment Over Bought
Zone Price above MA Price above MA Price above MA Pricebelow
UB
Priceabove MB
Price above LB Crossover to thedownside
Trend Mild Bearish Bullish Bullish Bullish Bullish Bearish
Special Notes The market is expected to trade on the positiveside. The market is trading above allMA. The RSI states that market is in over boughtzone and the stochastic suggestsdowntrend.

TRADE SUGGESTION-BUY AT 165.56 TAKE PROFIT AT 170.449 AND STOP AT 163.11

10 views07:56

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TOP 5 STOCKS TO WATCHOUT:-

1.#Veoneer:- Automotive technology group Veoneer expects to have returned to organic sales growth in the fourth quarter of 2020 and sees growth accelerating in 2021, it said in a statement on Thursday.
The Swedish maker of vision systems, radar and software for advanced driver-assistance systems (ADAS) also said it estimated the current value of its order book for 2020 at approximately $14 billion.
The company said its new order intake for 2020 corresponded to an average annual value of around $530 million, of which 65% from active safety products.
Veoneer said it estimated its share of active safety orders for 2020 to be around 15%, above its current market share by sales.

2. #AMAZON :-- Amazon.com Inc said on Wednesday it would spend $2 billion to create affordable homes in regions where three of its major U.S. employment hubs are located.
The company said it intends to create at least 20,000 affordable housing units in the Puget Sound area of Washington State, Virginia's Arlington and Nashville in Tennessee.
Amazon and other tech companies have faced criticism for driving up home prices in places such as the San Francisco Bay Area due to an influx of workers over the past decade, prompting Alphabet Inc and Facebook Inc to invest in affordable housing.

3.#FOXCONN:- Apple assembler Foxconn and the Nanjing Economic and Technological Development Zone have agreed to start building electric sport-utility vehicles in 2022 for cash-strapped Chinese startup Byton, Foxconn said in a statement on Monday.
Young Liu, chairman of Foxconn, said in the statement that the partnership with Byton will be a key part in Foxconn's strategy in the electric vehicle (EV) industry.
Foxconn's deal with Byton, its most concrete foray into the auto sector, amplifies the threat to established automakers that technology companies such as iPhone maker Apple and other non-traditional players could use contract assemblers as a shortcut to competing in the vehicle market.
By lowering manufacturing and the associated capital costs as a barrier to entry, contract assemblers could enable technology companies to focus on software and digital connectivity features that will define automotive competition in the coming years.

4.#Moderna :-Moderna Inc is on track to deliver between 600 million and 1 billion doses of its COVID-19 vaccine this year, Chief Executive Stephane Bancel said on Thursday.
Bancel said Moderna had orders for 500 million doses of its vaccine and could comfortably make at least 600 million doses. He told a conference organised by Oddo BHF that the group was working to meet or even exceed a target for 1 billion doses, however.
Bancel said it was still not clear how long the antibodies generated by the vaccines would last, but added that it could potentially be a couple of years.

5. #CITI BANK :-Citi expects world stocks to hover around current levels in 2021 and cuts U.S. equities to "neutral" as lockdowns induced by fresh waves of COVID infections roil global economies.
The bank upgraded emerging market and UK equities to "overweight" in a note published on Thursday, citing their reasonable valuation and robust earnings momentum. It also expects weakening U.S. dollar to help these markets outperform.
With global equities trading at 20 times 12-month forward earnings, the Wall Street bank sees no further upside as the valuation is well above the long-term median of 15 times forward earnings.
U.S. valuations are at a whopping 23 times forward earnings.

11 views09:04

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UK crypto community reacts as FCA derivatives ban goes into effect

On Wednesday, the decision by the United Kingdom's Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect.The FCA initially announced the ban back in October 2020 following a year-long consideration...

11 views11:22

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Bitcoin NVT ratio suggests BTC may see another ‘explosive move’ as search interest spikes

Bitcoin (BTC) may have hit new all-time highs of $37,600, but one indicator suggests that yet another bull run is incoming.Released in the latest weekly report from Stack Funds, data from Bitcoin's network value to transaction (NVT) ratio still...

12 views11:23

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TRADING IDEAS
Citi sees no further upside for world stocks in 2021
Citi expects world stocks to hover around current levels in 2021 and cuts U.S. equities to "neutral" as lockdowns induced by fresh waves of COVID infections roil global economies.

The bank upgraded emerging market and UK equities to "overweight" in a note published on Thursday, citing their reasonable valuation and robust earnings momentum. It also expects weakening U.S. dollar to help these markets outperform.

With global equities trading at 20 times 12-month forward earnings, the Wall Street bank sees no further upside as the valuation is well above the long-term median of 15 times forward earnings.
U.S. valuations are at a whopping 23 times forward earnings.
On technical fronts #CITI GROUP Inc.RSI stood at 71.52and currently stock is trading above all moving averages. So, BUY position can be taken with following target and stop loss:
TRADE SIGNAL - :Pfizer Inc.- BUY: 65.27, TARGET: 68.73, STOP LOSS : 61.07

12 views11:24

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MARKET OUTLOOK:-

Oil gains with supply constraints in focus after #Saudi cuts

Oil prices rose almost 1% on Thursday after a fall in U.S. stockpiles added further support following the unilateral decision by Saudi Arabia, the world's biggest exporter, to cut output over the next two months.
It was not immediately clear how the storming of the #U.S. Capitol by supporters of President Donald Trump would impact oil markets, although some analysts believe President-elect Joe Biden's administration will clamp down on U.S. oil production.
Brent crude was up 44 cents, or 0.8%, at $54.74 a barrel by 0734 GMT, after gaining 1.3% overnight. U.S. West Texas Intermediate (#WTI) gained 51 cents, or 1% to $51.14. The contract rose 1.4% on Wednesday.
Saudi Arabia, the world's biggest oil exporter, said it would voluntarily cut 1 million barrels per day (bpd) of output in February and March, after #OPEC+, which groups the Organization of the Petroleum Exporting Countries and other producers, including Russia, met earlier this week.

A lower dollar, which makes oil cheaper because the commodity is mostly traded using the greenback, is also supporting prices, analysts said.
U.S. crude stocks dropped and fuel inventories rose, the Energy Information Administration said on Wednesday. [EIA/S]
Crude inventories were down by 8 million barrels in the week to Jan. 1 to 485.5 million barrels, against a Reuters poll showing analysts expected a 2.1 million-barrel decline.
The drop in crude stocks is a typical year-end occurrence as energy companies take oil out of storage to avoid tax bills.
A sustained rise in WTI prices, though, may result in a resurgence in U.S. output.
Trump supporters swarmed the U.S. Capitol on Wednesday, sending it into lockdown, as Vice President Mike Pence refused a demand from the president to cancel his loss to President-elect Biden. Police have declared the situation secure and the certification of the election result has resumed.
"I'm not sure it changes anything fundamentally but what everyone will be looking at is how the equity markets react, as well as the U.S. dollar," said Matt Stanley, senior broker at Star Fuels in Dubai.
"It can be argued that oil has been happy to ride along with the equity market."

On the technical front, #BrentCrude RSI stood at 71.244 the current price is trading Above All the Moving Averages. So, a BUY trade can be executed with the following target and stop-loss:
TRADE SIGNAL- Brent Crude– BUY: 54.10, TARGET:55.50, STOP LOSS:53.50.

14 views11:40