daily outlook 19th 3oct

7/23/2019 Daily Outlook 19th 3oct

1/14

Monday, October 19, 2015

AMACRO COMMENTARY ON FX,GLOBAL INDICES,METALS &USASTOCKS

Analyst (FX, Global Markets & OTCDerivatives)

(+1) 316 413 3777

[email protected]

Macro Commentary:A Macro Economic Analysis on FX Majors, Energies, Metals, Global Indices & Stocks. The Insights May

Helps you to Trade & it May helps you to put trading orders with profits**

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2/14

Note** - The above Report is based on Personal Recommendation. Seven Star FX Ltd doesnt accept any liability or guarantee of such

recommendation

GMT(8.00 to 9.00) (H1 Chart)

Pair High Low Trend Index

GBP/USD 1.5480 1.5425 Bullish

EUR/USD 1.1378 1.1337 Bearish

USD/JPY 119.60 119.12 Bullish

AUD/USD 0.7306 0.7237 Bullish

USD/CAD 1.2945 1.2901 Bearish

NZD/USD 0.6816 0.6780 Bullish

EUR/JPY 135.93 135.33 Bearish

USD/CHF 0.9549 0.9520 Bullish

GBP/JPY 184.73 183.82 BullishEUR/GBP 0.7396 0.7369 Bearish


FXMajors -(40%)

PreciousMetals -

(15%)

Global

Indices-(10%)

Energies- (15%)

USStocks -(20%)
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3/14

Support Level: S1- 1.1374 S2- 1.1359

Resistance

Level:

R1- 1.1349 R2- 1.1337

Todays Trend:

Weekly Trend: Down-trend


On Friday, the currency pair is looking much more stronger from past week

there were major announcements earlier week (Core CPI and

unemployment), the #EUR/USD witnessed the bearish trend while today inthe intraday trading chart the currency pair has ranging between the

certain levels of 1.1358 and 1.1350 today, any kind of penetration in the

market from any of the below levels which will push the market further on

the consolidation level. Where breaking the 1.1374 Support level will

extend the bearish correction to reach 1.1347 levels initial, as in case

breaking the previous level.

Since, the Bearish scenario would be confirmed by the breaking the 1.1346rate on the short-term, crossing this level would push market toward

1.1344 / 1.1334 respectively.

Bearish


4/14

Support Level: S1- 119.59 S2- 119.37

Resistance

Level:

R1- 119.25 R2- 119.19

Todays Trend:

Weekly Trend: Up-trend


Today in the early morning the market has started in slightly bearish

consolidation pattern; the market has again came into force. As the

currency pair is currently traded at 119.40

The Market today would pursue the bearish player to go long for this

moment of time if market consistently falls in the range of 119.35/119.45, as

they would expect a price correction trend toward 119.23. The price keepsmostly fluctuating between the certain levels that represent the 119.59

support and 119.25 Resistance, and will lead the price to regain its main

bullish track that its main targets.

Bullish


5/14

Support Level: S1- 1.5481 S2- 1.5466

Resistance

Level:

R1- 1.5455 R2- 1.5448

Todays Trend:

Weekly Trend: Up-Trend


Today the Currency pair GBP/USD certainly seem as though US Dollar $ fall

suggesting the good news for EURO sterling. The sharp bullish trend today

which has seen the outlook more predictive at the price level of 1.5480. The

overnight breach of the key reaction low at 1.5453 looks to be confirming

while the dollar has been decreasing for a while. The uptrend mark has now

been broken and a close around ($1.54) today would now confirm that a new

sequence of lower highs is being formed.

The intraday hourly chart shows all moving averages is moving in the bullish

trend, whilst the old support around 1.5481 is now being formed while the

resistance at 1.5455. Any rally now into the band $1.54/$1.55 looks to be a

slightly bullish opportunity.

Bullish


6/14

Support Level: S1- 0.7290 S2- 0.7283

Resistance

Level:

R1- 0.7256 R2- 0.7267

Todays Trend:



Today, after rates cuts declared by RBA has slightly boosted the outlook

showing a bullish trend, (Even The US economy has shown a good numbers)

the correction shows A little real sign of any selling pressure, but however it

can be clearly observed as an important band of support once again forming

around the ($0.7280). While the sequence at $0.7290 that is again yet to be

broken. Back then there was arguably a trend lines set up, and while

following a bullish day this is again a possibility today. However, from our

Analysis perspective the suggestion on the intraday chart that today AUD,

however there is clearly an important band of support once again forming

around the $0.7290 level.). Back then there was arguably a trend lines &

three candlestick set up, following a strong bullish day this is again a

possibility today. .

Strong Trend lines showing bullish trend

Bullish


7/14

Support Level: S1- 0.9509 S2- 0.9500

Resistance

Level:

R1- 0.9483 R2- 0.9472

Todays Trend:



The currency Pair USD/CHF has rose to unexpected level. While the US$

again found support at the above mentioned level, rebounded or

dominated and moved sideways afterwards in the desired support level.

While currently it trades at 0.9557/0.9567,that is marginally much higher

for the week. The pair seems to move upwards shows a clear trend in the

short term. The market seems to be in right phase as from past couple of

days as it has garnered the bullish even today the market is strongly

Favouring the US economy

Hence even for today, Our Analyst Team predicts the bullish trend.

Best to Trade for today

Bullish


8/14

Support Level: S1- 1.2914 S-1.2927

Resistance

Level:

R1- 1.2895 R2- 1.2900

Todays Trend:

Weekly Trend: Down-Trend


Today, both the chart shows Bearish trend after a week of failure for this

currency, as USD/CAD closed slightly below the level of 1.2928 this weeks

highlight Canada economy doesnt shows any positive signs of progress or

improvement. Here is an outlook on the major market-movers and an

updated technical analysis for USD/CAD.

USD/CAD is falling today. Hourly resistance at 1.2985 has been broken.

Hourly support is given at 1.2914. Stronger support can be found at 1.2927.

While we remain (bullish) on the pair today as long as the technical

structure suggests a downward momentum

Bearish


9/14

Support Level: - - -

Resistance

Level:

- - -

Todays Trend:

Weekly Trend: Down-Trend


From the past week the signals might suggested that the outlook on WTI

has decreases but only to level bringing the optimistic news. But today it

has resulted in a general neutralising of the momentum indicators on both

daily and intraday charts. However, there is an argument now that there is

a down trend forming at $47.27 .This comes with a slight bearish Drift.Perhaps this could begin to put pressure on the support levels, which the

intraday hourly chart shows to be initially at $47.00.

Price Outlook:

Current Price Change %Change Next Contract

47.27 -0.46 -0.97% NOV 15

Source:Seven Star FX Research Center, Investing.com

NOV 1


10/14

Support Level: - -

Resistance

Level:

- -

Todays Trend:



In todays intraday session the price momentum has shown very slow but

however from past one hour the market movements is moving very slow,

The Gold prices slipped with a change of 0.13% against the US dollar and

today technical selling continued to weigh on the market. Today The

XAU/USD pair has slipped down to level of $1171.95, after a breach of some

key support levels triggered a huge selling trend. Gold price has drastically

come under renewed pressure in recent weeks, as market players seems to

be expecting bearish Trend.

From an intra-day perspective, Seven Star FX analysis believe the key levels

to pay attention will be 1172.40 and 1172.20, there is a significant amount

of support in the proximity of 1180 so it may remain intact before any main

event of the day.

We generally think that the support around 1172 today might have

successful break might drag gold prices towards the 1172- 1170

Slightly Bearish


11/14

Support Level: - - -

Resistance

Level:

- - -

Todays Trend:



On Friday, The market has again jumped to a high level forming a new high

at 17,215 levels, which would push the trader to go for long position. While,

the US good numbers has made the impact on its index, while in that case

it will again rise to a level of 17.5k would be the target for that correction.

During this weekend the index has jumped to another higher level. The

Economic GDP has risen, unemployment rates have decreased, etc. all this

has contributed the positive level for US economy.

While the index has major high yesterday (raised to almost 74 points). Our

analyst and research team predicts the momentum will again having the

bullish trend touching the rate of 17.5K in the Month of Oct . From past

weeks the Analyst are quite bullish but only for a shorter version and it has

proved their theory right with this downfall.

Bullish


12/14

Sr No. Company Trend Market Cap:

1 Google Inc. Up Trend 465.3 B

2 Apple Inc. Down Trend 633.2 B

3 Amazon.com, Inc. Up Trend 267 B

4 Facebook Inc. Up Trend 274.8 B

5 Goldman Sachs group, Inc. Up Trend 80.16 B



13/14


FX Spot (Currencies) Energ ies & Spot Metals Fixed Income Global Markets(Indices)

Business Climate 5.2 6.3 3.8 4.3

Expectations 3.9 6.1 3.4 2.1

Current Assessment 3.5 2 2.5 1.8

5.

2

6.

3

3.

84.

3

3.

9

6.

1

3.

4

2.

1

3

.5

2

2.

5

1.

8

ECONOMIC SCENARIO

Business Cl imate Expectations Current Assessment


14/14


This report is issued by Seven Star FX Limited, who is authorised and regulated by the Internal Financial Service Commission (IFSC) with Registration No: IFSC/60/211//TS/15 . The

document is prepared and distributed for information and education purposes only. Seven Star FX is a congressionally authorized Forex broking organization of high repute. Its mission is to provide innovative

Forex programs and services that protect investors and ensure market integrity

It Does not Constitute any personal investment advice, nor it takes into consideration account the individual financial circumstances or objective of any of the clients who periodically receive it. All the

information and research provided by Seven Star FX Limited is intended to General use. It does not constitute a recommendation or offer to purchase or sale of any financial instrument in specific. All the

Suggestions or views within this report are solely and exclusively of the our analyst team which only reviews their Personal recommendation about any and all of the subject recommendation & are presented

to best of his knowledge. Any person relying to such report & undertaking the trading Decision does entirely at their own risk while Seven star FX ltd does not accept any such responsibilities

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchangeyou should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not

invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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daily outlook 19th 3oct

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