Daily Market Outlook
Update Time: 05 Nov 2024 08:21
Next Update At: 00:30GMT
EUR/USD - 1.0890
Despite euro's rally above 1.0905 (Fri) to a 2-1/2 week peak at 1.0914 in New York Mon, subsequent retreat signals recent erratic rise from Oct's 3-1/2 month 1.0762 low has made a temporary top there and consolidation would be seen and above 1.0914/16 heads to 1.0950/60 later.  
  
Stand aside on ongoing US election news as below   
1.0830/40 revives bearishness for weakness to 1.0809, then 1.0762/70.
   Our Recommended Trades
DAILY GBP/USD OUTLOOK - +1.2745+
Update Time: 06 Dec 2024 15:07GMT
Despite cable's fall fm last Fri's 1.2750 high
to 1.2618 Mon, subsequent rise to 1.2770 y'day,
then higher today on US jobs report suggests correc
tive upmove fm Nov's 6-month 1.2488 trough wud head
to 1.2845/55 but 1.2874/84 shud hold initially.

Trade fm long side for +1.2845+ n only below
1.2730/35 indicates top made, 1.2715/20, 1.2688/90.

Rate: +1.2745+ 
Strategy: +Stop profit+ 
Position: Long at 1.2645 
Objective:  
Stop-Loss: +1.2745+ 
Resistance: 1.2787/1.2810/1.2835 
Support: 1.2733/1.2715/1.2688 
 
INTRA-DAY EUR/USD OUTLOOK - +1.0590+
Update Time: 06 Dec 2024 14:08GMT
Intra-day rise abv last Fri's 1.0597 high to
1.0630 on US jobs report confirms upmove fm Nov's
23-month trough of 1.0334 has once again resumed n
present retreat wud yield consolidation b4 prospect
of another rally to 1.0653/63, abv, 1.0683/87 later

Trade fm long side for +1.0640+ n below 1.0567
(Asia) indicates top made, 1.0552/55, 1.0522/25.

Rate: +1.0590+ 
Strategy: +Stop profit+ 
Position: Long at 1.0510 
Objective:  
Stop-Loss: +1.0590+ 
Resistance: 1.0653/1.0687/1.0727 
Support: 1.0580/1.0552/1.0522 
 
INTRA-DAY GBP/USD OUTLOOK - +1.2705+
Update Time: 04 Dec 2024 15:45GMT
Intra-day brief break of y'day's 1.2699 high to
1.2701 suggests pullback fm Mon's 1.2750 high has
possibly ended at 1.2618 Mon n consolidation wud be
seen b4 prospect of another rise to 1.2720/22, then
1.2750 later, break extends uptrend to 1.2770/80.

Buy on dips to 1.2655 for 1.2715 n below 1.2637
(Tue) risks 1.2618, then 1.2595/00, 1.2575/80.

Rate: +1.2705+ 
Strategy: +Target met+ 
Position: +Long at 1.2645+ 
Objective: +1.2705+ 
Stop-Loss:  
Resistance: 1.2722/1.2750/1.2770 
Support: 1.2661/1.2630/1.2618 
 
INTRA-DAY USD/JPY OUTOOK - +150.45+
Update Time: 04 Dec 2024 15:36GMT
Intra-day break of y'day's 150.23 high suggests
decline fm Nov's 3-1/2 month 156.75 peak has made a
temporary bottom at Tue's 1-1/2 month 148.65 bottom
n stronger retracement to 151.10/20 is likely after
consolidation b4 retreat due to o/bot condition.

Buy on dips to 150.10 for 150.80 or sell at 151.
15 for 150.45. Below 149.87 (Europe), 159.50/55.

Rate: +150.45+ 
Strategy: +Target met+ 
Position: +Short at 151.15+ 
Objective: 150.45 
Stop-Loss:  
Resistance: 150.82/151.04/151.22 
Support: 150.16/149.87/149.53 
 
DAILY GBP/JPY OUTLOOK - +188.24+
Update Time: 03 Dec 2024 14:52GMT
Intra-day selloff below 188.49 (Mon) to a fresh
2-month 188.10 low in NY signals rencent fall wud
head to 188.05/10 b4 bounce due to loss of momenutm

Trade fm short side for 188.24 next as only abv
190.35/40 risks stronger retracement to 191.25/30.

Rate: +188.24+ 
Strategy: +Target met+ 
Position: +Short at 190.24+ 
Objective: +188.24+ 
Stop-Loss: +Short at 190.24+ 
Resistance: 190.37/191.28/191.61 
Support: 188.49/188.05/187.44 
 
INTRA-DAY EUR/USD OUTLOOK - +1.0530+
Update Time: 03 Dec 2024 09:22GMT
Euro's intra-day rebound fm 1.0482 (Asia) sig-
nals pullback fm Fri's 1-week 1.0597 peak has pos-
sibly ended at 1.0461 Mon n upside bias remains for
re-test of 1.0597, abv extends upmove fm Nov's 23-
month 1.0333 bottom to 1.0653/63, break, 1.0683.

Trade fm long side for 1.0530 next as only below
1.0458/61 risks weakness to 1.0425/30 later.

Rate: +1.0530+ 
Strategy: +Target met+ 
Position: Long at 1.0475 
Objective: 1.0530 
Stop-Loss:  
Resistance: 1.0542/1.0597/1.0609 
Support: 1.0482/1.0458/1.0426 
 
DAILY GBP/USD OUTLOOK - +1.2635+
Update Time: 02 Dec 2024 19:35GMT
Despite cable's brief rise to 1.2750 Fri, subse-
quent fall to 1.2672 suggests corrective upmove fm
Nov's 6-month 1.2488 trough has made a temporary
top n intra-day weakness on usd's strength wud head
to 1.2634/35, however, 1.2610/16 is likely to hold.

Sell on pullback to 1.2715 for 1.2635 or buy at
1.2625 for 1.2705. Below 1.2610/16, 1.2570/80.

Rate: +1.2635+ 
Strategy: +Target met+ 
Position: +Short at 1.2715+ 
Objective: 1.2635 
Stop-Loss:  
Resistance: 1.2691/1.2722/1.2750 
Support: 1.2616/1.2600/1.2577 
 
INTRA-DAY GBP/USD OUTLOOK - +1.2655+
Update Time: 02 Dec 2024 19:31GMT
Fri's fall fm 1.2750 to 1.2672 together with
loss of momentum suggests upmove fm Nov's 6-month
1.2488 trough has made a temporary top n as 1.2746
has capped recovery, downside bias remains for weak
ness to 1.2646/50 but 1.2610/16 is likely to hold.

Sell on pullback to 1.2715 for 1.2655 n only abv
1.2720/25 risks 1.2746/50, break, 1.2765/70 later.

Rate: +1.2655+ 
Strategy: +Target met+ 
Position: +Short at 1.2715+ 
Objective: 1.2655 
Stop-Loss:  
Resistance: 1.2691/1.2722/1.2750 
Support: 1.2616/1.2600/1.2577 
 
INTRA-DAY GBP/USD OUTLOOK - +1.2740+
Update Time: 01 Dec 2024 14:50GMT
As 1.2672 has contained intra-day pullback fm
European 2-week high of 1.2750, suggesting correc-
tion has ended n upmove fm Nov's 6-month 1.2488 bot
tom wud extend to 1.2765/70 after consolidation,
abv yields 1.2795/00 b4 prospect of a retreat.

Trade fm long side for 1.2740 n only below 1.26
60/65 risks 1.2646 (Thur), then 1.2630/34 later.

Rate: +1.2740+ 
Strategy: +Target met+ 
Position: +Long at 1.2680+ 
Objective: 1.2740 
Stop-Loss:  
Resistance: 1.2750/1.2770/1.2793 
Support: 1.2685/1.2660/1.2646 
 
INTRA-DAY GBP/USD OUTLOOK - +1.2675+
Update Time: 27 Nov 2024 15:54GMT
Intra-day anticipated rise n then re-test of
y'day's 1.2616 high suggests corrective upmove fm
Fri's 6-month trough of 1.2488 wud head to 1.2630/
35 after consolidation, abv yields 1.2655/59, then
1.2685/90, which is likely to cap upside today.

Buy on dips to 1.2595 for 1.2655 n only below
1.2567 (Asia) risks 1.2540/46, then 1.2525 (NY).

Rate: +1.2675+ 
Strategy: +Target met+ 
Position: +Long at 1.2595+ 
Objective: +1.2675+ 
Stop-Loss:  
Resistance: 1.2689/1.2714/1.2732 
Support: 1.2634/1.2618/1.2593 
 
DAILY GBP/USD OUTLOOK - +1.2675+
Update Time: 27 Nov 2024 15:54GMT
Despite cable's wild swings this week, y'day's
rise fm 1.2525 in NY n intra-day re-test of 1.2616
res suggests corrective upmove fm Fri's 6-month
1.2488 trough wud head to 1.2655/59 after consolida
tion, break yields 1.2685/90, 1.2714/20 shud hold.

Trade fm long side for 1.2655 n only below 1.25
67 (Asia) risks 1.2540/46, then 1.2525 later.

Rate: +1.2675+ 
Strategy: +Target met+ 
Position: Long at 1.2525 
Objective: +1.2675+ 
Stop-Loss:  
Resistance: 1.2689/1.2714/1.2732 
Support: 1.2634/1.2618/1.2593 
 
INTRA-DAY EUR/USD OUTLOOK - +1.0542+
Update Time: 27 Nov 2024 15:04GMT
As 1.0458 has contained pullback fm y'day's 1.05
44 high, suggesting correction has ended, abv 1.05
20/25 wud add credence to this view n yield re-test
of 1.0544, break extends corrective upmove fm Fri's
23-month 1.0334 trough to 1.0565/70, 1.0600/09.

Buy at market for 1.0552 after consolidation n
only below 1.0474 (Asia) risks 1.0458, 1.0426/30.

Rate: +1.0542+ 
Strategy: +Stop profit+ 
Position: +Long at 1.0492+ 
Objective:  
Stop-Loss: +1.0542+ 
Resistance: 1.0578/1.0592/1.0609 
Support: 1.0527/1.0508/1.0474 
 
INTRA-DAY GBP/USD OUTLOOK - +1.2610+
Update Time: 27 Nov 2024 08:21GMT
As cable has risen after y'day's fall fm 1.2616
to 1.2525, suggesting recent decline has made a
temporary bottom at Fri's 6-month trough of 1.2488
n stronger retracement to 1.2625/30, then 1.2655/59
wud be seen after consolidation, 1.2680/90 may hold

Trade fm long side for 1.2610 1st n only below
1.2567 (Asia) risks 1.2540/46, below, 1.2525.

Rate: +1.2610+ 
Strategy: +Target met+ 
Position: Long at 1.2525 
Objective: 1.2610 
Stop-Loss:  
Resistance: 1.2616/1.2631/1.2659 
Support: 1.2567/1.2546/1.2525 
 
DAILY EUR/JPY CROSS OUTLOOK - +159.95+
Update Time: 27 Nov 2024 02:00GMT
Euro's intra-day retreat fm 162.00 in Europe n
then break of Asian 160.59 low signals correction
fm last Fri's 1-1/2 month 159.92 low has possibly
ended at 162.11 (Mon) n re-test of said sup is seen
, break extends fall fm 166.69 (Nov) to 159.50/55.

Trade fm short side for 159.95 next as only abv
160.70 risks retracement back to 161.00 later.

Rate: +159.95+ 
Strategy: +Target met+ 
Position: +Short at 161.57+ 
Objective: +159.95+ 
Stop-Loss:  
Resistance: 160.31/160.70/161.00 
Support: 159.92/159.51/159.10 
 
DAILY AUD/JPY CROSS OUTLOOK - +98.75+
Update Time: 27 Nov 2024 02:11GMT
Intra-day selloff below prev. Nov's 99.43 low
signals fall fm 102.40 (Nov) has resumed n weakness
to 98.35/40 is seen but 98.04/10 sup should hold.

Trade fm short side for +98.75+ next as only abv
100.30/35 risks stronger gain back to 100.70.

Rate: +98.75+ 
Strategy: +Target met+ 
Position: Short at 100.25 
Objective: +98.75+ 
Stop-Loss: Short at 100.25 
Resistance: 99.21/99.43/99.63 
Support: 98.70/98.36/98.04 
 
INTRA-DAY GBP/USD OUTLOOK - +1.2610+
Update Time: 26 Nov 2024 13:18GMT
Intra-day strong bounce fm 1.2508 signals choppy
trading abv Fri's 6-month trough of 1.2488 low wud
continue with upside bias, a firm break of 1.2580/
90 wud yield gain twds Mon's 1.2613 high, break ex-
tends retracement to 1.2630/35, 1.2655/60 shud hold

Buy on dips to 1.2520 for 1.2575 n only below
1.2508 may risk re-test of 1.2488, below, 1.2467/70

Rate: +1.2610+ 
Strategy: +Target met+ 
Position: +Long at 1.2555+ 
Objective: +1.2610+ 
Stop-Loss:  
Resistance: 1.2616/1.2631/1.2659 
Support: 1.2562/1.2539/1.2508 
 
DAILY EUR/CHF CROSS OUTLOOK - +0.9265+
Update Time: 22 Nov 2024 08:59GMT
Euro's selloff fm 0.9324 Thur n break of 0.9305
(Tue) to a 3-1/2 month bottom at 0.9280 in NY sig-
nals recent erratic decline remains in force n fur-
ther weakness to Aug's 9-1/2 year trough at 0.9212
wud be seen b4 bounce due to loss of momentum.

Trade fm short side for 0.9265 next as only abv
0.9290/95 indicates temp. low made, risks 0.9324.

Rate: +0.9265+ 
Strategy: +Target met+ 
Position: +Short at 0.9355+ 
Objective: 0.9265 
Stop-Loss:  
Resistance: 0.9293/0.9324/0.9370 
Support: 0.9206/0.9186/0.9165 
 
DAILY EUR/JPY CROSS OUTLOOK - +160.90+
Update Time: 22 Nov 2024 09:10GMT
Euro's sharp selloff fm 163.88 to 161.75 in NY
Thur n intr-day break of Tue's 1-1/2 month bottom
at 161.50 suggests decline fm Oct's 3-month peak at
166.69 has resumed n further weakness to 161.00/10
wud be seen but 160.76/90 shud hold initially.

Trade fm short side for 161.50 next as only abv
162.80/85 indicates temp. low made, risks 163.17.

Rate: +160.90+ 
Strategy: +Target met+ 
Position: +Short at 162.13+ 
Objective: +160.90+ 
Stop-Loss:  
Resistance: 162.81/163.17/163.36 
Support: 161.21/160.90/160.12 
 
INTRA-DAY EUR/GBP OUTLOOK - +0.8270+
Update Time: 22 Nov 2024 09:17GMT
Despite euro's intra-day rise abv 0.8340 (Thur)
to 0.8346 in Europeam morning, subsequent sharp
selloff on soft euro zone PMI (see MMN) signals
choppy swings below 0.8375 (Tue) wud continue n
below 0.8307 sup wud extend to 0.8270/76, 0.8261.

Trade fm short side for 0.8270 next as only abv
0.8345/50 risks re-test of 0.8375, 0.8395/98.

Rate: +0.8270+ 
Strategy: +Target met+ 
Position: Short at 0.8330 
Objective: 0.8270 
Stop-Loss:  
Resistance: 0.8314/0.8346/0.8358 
Support: 0.8261/0.8224/0.8200 
 
DAILY EUR/JPY CROSS OUTLOOK - +162.08+
Update Time: 22 Nov 2024 04:07GMT
Euro's sharp selloff fm 163.88 to 161.75 in NY
Thur n intr-day break of Tue's 1-1/2 month bottom
at 161.50 suggests decline fm Oct's 3-month peak at
166.69 has resumed n further weakness to 161.00/10
wud be seen but 160.76/90 shud hold initially.

Trade fm short side for 161.50 next as only abv
162.80/85 indicates temp. low made, risks 163.17.

Rate: +162.08+ 
Strategy: +Stop profit+ 
Position: +Short at 163.08+ 
Objective:  
Stop-Loss: +162.08+ 
Resistance: 162.81/163.17/163.36 
Support: 161.21/160.90/160.12 
 
INTRA-DAY EUR/CHF OUTLOOK - +0.9300+
Update Time: 21 Nov 2024 13:38GMT
Although euro's stroung bounce after Tue's sell-
off below 0.9308 (Sep) to a 3-month 0.9305 bottom
on safe-haven chf buying signals a temporary low
is made there, y'day's retreat fm 0.9365 has re-
tained daily bearishness for 0.9297/05, 0.9286.

Trade fm short side for 0.9300 next as only abv
0.9345/50 risks gain back to 0.9365/70, 0.9393/99.

Rate: +0.9300+ 
Strategy: +Target met+ 
Position: Short at 0.9355 
Objective: 0.9300 
Stop-Loss:  
Resistance: 0.9370/0.9399/0.9418 
Support: 0.9285/0.9265/0.9212 
 
INTRA-DAY AUD/USD OUTLOOK - +0.6510+
Update Time: 19 Nov 2024 03:17GMT
As 0.6443 has contained pullback fm Fri's 0.6481
high, suggesting choppy trading abv Thur's 3-month
trough of 0.6441 wud continue with upside bias for
stronger retracement to 0.6495/00, abv yields 0.65
15/20, however, 0.6550/60 is likely to cap upside.

Trade fm long side for 0.6510 n only below 0.64
36/41 risks weakness to 0.6420/25, then 0.6395/00.

Rate: +0.6510+ 
Strategy: +Target met+ 
Position: Long at 0.6450 
Objective: 0.6510 
Stop-Loss:  
Resistance: 0.6481/0.6499/0.6515 
Support: 0.6441/0.6399/0.6363 
 
DAILY USD/CAD OUTLOOK - +1.4030+
Update Time: 14 Nov 2024 15:24GMT
Due to technical issues, our services will be
limited starting November 15, 2024. We apologize
for any inconvenience this may cause, and we are
working diligently to resolve the situation.


Rate: +1.4030+ 
Strategy: +Target met+ 
Position: Long at 1.3930 
Objective: 1.4030 
Stop-Loss: Long at 1.3930 
Resistance: 1.4043/1.4064/1.4115 
Support: 1.3967/1.3926/1.3896 
 
INTRA-DAY USD/JPY OUTOOK - +155.45+
Update Time: 13 Nov 2024 18:03GMT
Due to severe weather warning in HK, services
will be limited on Nov. 14, 2024, sorry for any
inconvenience caused.





Rate: +155.45+ 
Strategy: +Target met+ 
Position: +Long at 154.35+ 
Objective: +155.45+ 
Stop-Loss:  
Resistance: 155.53/155.98/156.29 
Support: 154.80/154.35/154.16 
 
DAILY USD/JPY OUTLOOK - +155.90+
Update Time: 14 Nov 2024 01:47GMT
Due to severe weather warning in HK, services
will be limited on Nov. 14, 2024, sorry for any
inconvenience caused.





Rate: +155.90+ 
Strategy: +Target met+ 
Position: +Long at 154.35+ 
Objective: 155.90 
Stop-Loss:  
Resistance: 155.98/156.29/156.63 
Support: 155.62/155.35/155.13 
 
DAILY USD/SGD OUTLOOK - +1.3450+
Update Time: 14 Nov 2024 02:04GMT
Intra-day break of Wed's fresh 3-month high at
1.3435 suggests recent rise wud extend to 1.3490/96
but 1.3512/16 shud hold due to overbought condition

Trade fm long side for 1.3450 next as only below
1.3400/10 indicates temp. top made, risks 1.3340/50

Rate: +1.3450+ 
Strategy: +Target met+ 
Position: +Long at 1.3340+ 
Objective: +1.3450+ 
Stop-Loss: +Long at 1.3340+ 
Resistance: 1.3464/1.3496/1.3516 
Support: 1.3408/1.3355/1.3330 
 
INTRA-DAY EUR/GBP OUTLOOK - +0.8575+
Update Time: 17 Jan 2024 16:44GMT
Despite euro's rebound after y'day's retreat fm
0.8620 to 0.8592 in NY, intra-day sharp selloff fm
0.8618 in European morning on hot U.K. CPI signals
has retained daily bearishness but firm break of
0.8672 sup is needed to yield weakness twd 0.8550.

Trade fm short side for this move as only abv
0.8620 risks gain back twd 0.8635/40.

Rate: +0.8575+ 
Strategy: +Target met+ 
Position: Short at 0.8615 
Objective: 0.8575 
Stop-Loss:  
Resistance: 0.8595/0.8620/0.8639 
Support: 0.8550/0.8524/0.8494 
 
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