07/21 Market report

【Dow Jones】

The market focuses on corporate results to assess the current economic situation. Tesla will announce its second-quarter results after hours, with the 10-year U.S. bond yield falling to 2.97%.

Investors are betting that the stock market has bottomed out after a sharp drop this year, with the latest round of financial results showing that companies overcame economic pressure better than expected in the second quarter.

Kim Forrest, founder and chief investment officer of Bokeh Capital Partners, said: “Investors and companies are expecting high inflation, so it is not surprising for companies to talk about the high inflation in the second quarter. ”Surprisingly, they all managed to tide over the difficulties well. 」

In the daily technical indicators of the Dow Jones industrial average, Alligator is tangled, but KD has already washed up on the high-end passivation zone, indicating that the buying power of the Dow Jones industrial average is quite strong in the short term. Moreover, the current technical line pattern has shown a pattern of “W” bottom, and the time and distance of subsequent rise will be easily extended.

USA30: Uptrend

PricePoint：30127

Current transactions: multiple orders held with targets at 32000 and 32200

Alternative: Set 29800 and 29500 as target after the price hit 30127

Comment: RSI value of 56.31% is too high。

【Euro】

Last week, the euro fell sharply, falling to parity with the dollar for the first time in 20 years. Retail investors also noticed that Europe's interest rate hikes lagged far behind the U.S. Federal Reserve, making bets on a rise in the dollar more attractive.

In the euro zone's daily technical line, Alligator shows a dead cross, indicating that the selling pressure of the long-term euro still exists. However, it is a pity that the KD index has formed a dead cross, indicating that the rally may be interrupted and the rebound strength will be weakened. The rebound should continue before the bottom is broken.。

EURUD: Uptrend

PricePoint：0.99537

Current transactions: multiple orders held with targets at 1.01800 & 1.02000

Alternative: Set 0.99200 and 0.99000 as targets after the price hit 0.99537

Comment: The RSI value of 41.05% is on the short side.

【Gold】

The international gold price of 7/20 came to 1,711 USD/oz, the lowest price since this year, down more than 14% from the highest price of 1997 USD/oz this year. Gold is a traditional safe-haven investment tool in the international market. The 2022 war, epidemic, high inflation and other crises are all around. The risk premium for the price of gold is only reflected in a month after the war between Russia and Ukraine. After soaring to the highest price of US$ 1979/ounce, 4/18 fell all the way, with a drop of 6.33% since the beginning of this year.

In the technical line of gold's daily line, the long-term Alligator shows a dead cross, indicating that the long-term bear pressure is quite heavy. Although KD shows a gold cross, the index has been rounded at the bottom and the opening of KD is small. On the whole, the bear trend is still very strong.

XAUUSD: Downtrend

PricePoint：1725

Current transactions: hold empty orders with targets at 1695 and 1692

Alternative: Set 1728.00 and 1732.00 as targets after the price breached above 1725.

Comment: The RSI value of 24.71% is on the short side.

【Crude oil】

The oil price has risen further, reaching an average of US$ 113.5 in March, and rose to US$ 117.7 in June, up 63.8% from the same month last year due to the Russian-Ukrainian war.

In the daily technical line of crude oil, Alligator shows a dead cross, indicating that the selling pressure of long-term crude oil still exists. However, due to the impact of the rapidly rising index in the short term, the KD index has entered a high-end passivation. The short-term buying power may challenge the previous high point, and the chances of subsequent breakthrough are very high.

USOIL: Uptrend

PricePoint：95.88

Current transactions: multiple orders held with targets at 103.5 and 103.8

Alternative:  Set 94.80 and 94.50 as targets after falling below 95.88.

Comment: The RSI value of 44.04% is on the short side.

OnePro Special Analyst

Buy or sell or copy trade crypto CFDs at www.oneproglobal.com

The foregoing is a personal opinion only and does not represent any opinion of OnePro Global, nor is there any guarantee of reliability, accuracy or originality in the foregoing.

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