Daily Market Outlook
Update Time: 12 Apr 2024 08:46
Next Update At: 00:30GMT
USD/JPY - 153.25
Despite yesterday's retreat from a fresh 33-1/2 year high at 153.31 to 152.97 at Asian open today, intra-day rise above said resistance suggests long term upmove remains in progress and further headway towards 153.55/60 would be seen after consolidation, however, loss of upward momentum should prevent strong rise above and 153.95/00 is likely to cap upside.  
  
On the downside, below 152.77/80 would be first indication temporary top is made, heads to 152.30/35 later.
   Our Recommended Trades
DAILY USD/CAD OUTLOOK - +1.3765+
Update Time: 12 Apr 2024 12:57GMT
Intra-day break of y'day's 4-1/2 month 1.3725
high suggests recent upmove wud extend to 1.3745/50
after consolidation, 1.3777/88 may hold initially.

Trade fm long side for 1.3745 n only below 1.36
90/95 risks 1.3661 (Thur), break, 1.3643/47 b4 up.

Rate: +1.3765+ 
Strategy: +Target met+ 
Position: Long at 1.3665 
Objective: +1.3765+ 
Stop-Loss: Long at 1.3665 
Resistance: 1.3749/1.3777/1.3816 
Support: 1.3691/1.3661/1.3643 
 
DAILY EUR/USD OUTLOOK - +1.0635+
Update Time: 12 Apr 2024 12:50GMT
Despite euro's rise fm 1.0725 in early Apr to
1.0885 Tue, subsequent fall to 1.0699 in post-ECB
NY y'day, then intra-day break of Feb's 1.0695 low
confirms recent decline has resumed n wud head twds
1.0635/40 after consolidation, below, 1.0595/05.

Trade fm short side for 1.0650 next n only abv
1.0729/34 signals trough made, 1.0756/66, 1.0792/98

Rate: +1.0635+ 
Strategy: +Target met+ 
Position: Short at 1.0740 
Objective: +1.0635+ 
Stop-Loss:  
Resistance: 1.0699/1.0734/1.0756 
Support: 1.0657/1.0636/1.0600 
 
INTRA-DAY AUD/USD OUTLOOK - +0.6490+
Update Time: 12 Apr 2024 12:33GMT
As y'day's 0.6553 has capped recovery fm Wed's
0.6499 low, suggesting correction has ended n re-
test of Mar's 0.6478 low wud be seen after consoli
dation, below wud extend to 0.6455/60, then 0.6443
(Feb), break, 0.6425/30 b4 prospect of rebound.

Trade fm short side for 0.6490 1st n only abv
0.6553/60 may risk retrace. to 0.6593/98.

Rate: +0.6490+ 
Strategy: +Target met+ 
Position: Short at 0.6540 
Objective: 0.6490 
Stop-Loss:  
Resistance: 0.6534/0.6553/0.6572 
Support: 0.6499/0.6478/0.6443 
 
INTRA-DAY EUR/CHF OUTLOOK - +0.9715+
Update Time: 12 Apr 2024 12:23GMT
Intra-day break of last Fri's 0.9746 low signals
near term decline fm Apr's near 11-month 0.9848
peak has resumed n weakness to 0.9708/14 wud be
seen after consolidation, break needed to head twds
0.9689/92 but 0.9664/67 is likely to hold today.

Trade fm short side for 0.9725 n only abv 0.9775
/80 risks 0.9790/95 b4 prospect of retreat.

Rate: +0.9715+ 
Strategy: +Target met+ 
Position: Short at 0.9775 
Objective: 0.9715 
Stop-Loss:  
Resistance: 0.9779/0.9794/0.9821 
Support: 0.9724/0.9708/0.9692 
 
INTRA-DAY EUR/JPY OUTLOOK - +163.60+
Update Time: 12 Apr 2024 08:36GMT
Intra-day fall n then break of y'day's 163.95
low signals decline fm Tue's 165.17 high to retrace
upmove fm Apr's 162.62 bottom wud head to 163.45/50
after consolidation, break wud yield 163.20/25,
then possibly 162.94/00 b4 prospect of a rebound.

Trade fm short side for 163.60 n only abv 164.
15/20 indicates trough made, 164.43/52 later.

Rate: +163.60+ 
Strategy: +Target met+ 
Position: Short at 164.25 
Objective: 163.60 
Stop-Loss:  
Resistance: 163.95/164.31/164.52 
Support: 163.49/163.08/162.62 
 
INTRA-DAY EUR/CHF OUTLOOK - +0.9770+
Update Time: 11 Apr 2024 12:17GMT
Euro's fall fm Tue's 0.9835 high to 0.9793 y'day
suggests choppy trading below Apr's near 11-month
0.9848 peak wud continue n as 0.9821 has capped
recovery, downside bias remains for weakness to
0.9770/75, then 0.9746/48, break, 0.9720/25 later.

Trade fm short side for 0.9770 n only abv 0.9835
risks re-test of 0.9848, abv, 0.9865/68, 0.9880/90.

Rate: +0.9770+ 
Strategy: +Target met+ 
Position: Short at 0.9820 
Objective: 0.9770 
Stop-Loss:  
Resistance: 0.9821/0.9835/0.9848 
Support: 0.9793/0.9774/0.9746 
 
DAILY USD/CAD OUTLOOK - +1.3650+
Update Time: 11 Apr 2024 01:30GMT
As 1.3548 has contained pullback fm Fri's 4-mth
1.3647 high, suggesting correction possibly over,
abv 1.3613/16, 1.3647, break, 1.3677/82 b4 down.

Remain as cautious buyer for 1.3650 n only below
1.3541/48 risks 1.3513/15, which shud hold.

Rate: +1.3650+ 
Strategy: +Target met+ 
Position: Long at 1.3570 
Objective: 1.3650 
Stop-Loss: Long at 1.3570 
Resistance: 1.3711/1.3749/1.3777 
Support: 1.2671/1.3643/1.3616 
 
DAILY GBP/USD OUTLOOK - +1.2590+
Update Time: 11 Apr 2024 01:28GMT
Despite cable's resumption of upmove to a 2-1/2
week high of 1.2709 y'day, loss of momentum n subse
quent retreat to 1.2664 suggests temporary top is
made, below 1.2644/49 wud encourage for price to
head to 1.2610/14, then 1.2575/80 b4 rebound.

Trade fm short side for 1.2590 n only abv 1.2709
risks marginal gain as 1.2733/35 shud cap upside.

Rate: +1.2590+ 
Strategy: +Target met+ 
Position: Short at 1.2685 
Objective: 1.2590 
Stop-Loss:  
Resistance: 1.2581/1.2614/1.2649 
Support: 1.2518/1.2501/1.2450 
 
INTRA-DAY EUR/JPY OUTLOOK - +163.50+
Update Time: 05 Apr 2024 01:43GMT
Despite euro's intra-day gain to a 2-week peak
at 164.91, current selloff on safe-haven jpy buying
signals a temp. top is made choppy trading with
mild downside bias wud be seen for weakness to 163.
50, however, 163.08 wud remain intact.

Turn short on pullback for this move n only abv
164.91 wud risk gain twds 165.04.

Rate: +163.50+ 
Strategy: +Target met+ 
Position: +Short at 164.00+ 
Objective: 163.50 
Stop-Loss:  
Resistance: 164.07/164.91/165.04 
Support: 163.08/162.62/162.40 
 
SPOT SILVER DAILY OUTLOOK - +$ 25.65+
Update Time: 03 Apr 2024 01:47GMT
Thur's rally fm 24.40 to 25.01 suggests fall fm
Mar's 3-1/2 month peak at 25.78 has ended at 24.33
Wed n abv 25.45 wud re-test 25.78, break, 25.91.

Trade fm long side for this move as only below
24.75 risks retracement back twd 24.30/35.

Rate: +$ 25.65+ 
Strategy: +Target met+ 
Position: Long at 24.95 
Objective: 25.65 
Stop-Loss: Long at 24.95 
Resistance: 25.45/25.78/25.91 
Support: 25.08/24.75/24.33 
 
INTRA-DAY EUR/JPY OUTLOOK - +162.85+
Update Time: 01 Apr 2024 15:57GMT
Euro's selloff below 163.14 (Thur) to a fresh 1-
week bottom at 162.94 last Fri signals nr term fall
fm Mar's 15-1/2 year 165.37 peak remains in force n
as 163.42 has capped subsequent rebound in Asia
today, bearishness remains for 162.68, 172.04/08.

Trade fm short side for 162.85 next as only abv
163.60 risks gain back twd 163.90 later.

Rate: +162.85+ 
Strategy: +Target met+ 
Position: Short at 163.35 
Objective: 162.85 
Stop-Loss:  
Resistance: 163.45/163.60/163.90 
Support: 162.94/162.68/162.04 
 
DAILY EUR/USD OUTLOOK - +1.0735+
Update Time: 01 Apr 2024 15:36GMT
Although euro's selloff below prev. sup at 1.08
02 to a 1-month bottom at 1.0776 in Europe n Fri's
break there signals recent erratic decline may ex-
tend marginally, loss of downward momentum n subse-
quent bounce may yield range trading b4 fall.

Remain as cautious seller for this move as only
abv 1.0830/35 risks retracement back twd 1.0864/67.

Rate: +1.0735+ 
Strategy: +Target met+ 
Position: Short at 1.0805 
Objective: 1.0735 
Stop-Loss:  
Resistance: 1.0769/1.0805/1.0818 
Support: 1.0733/1.0695/1.0657 
 
DAILY EUR/JPY CROSS OUTLOOK - +163.40+
Update Time: 28 Mar 2024 15:38GMT
Euro's sharp selloff fm 164.81 to as low as 163.
49 in NY Fri suggests LT upmove has made a tempo-
rary top at Wed's 15-1/2 year peak at 165.37 n sub-
sequent bounce fm 163.32 Mon may yield retracement
to 164.40/45 b4 another fall but 162.96 wud hold.

Raise short entry to 164.45 for 163.45 next as
only abv 164.80/85 risks gain back twd 165.04.

Rate: +163.40+ 
Strategy: +Target met+ 
Position: +Short at 164.40+ 
Objective: +163.40+ 
Stop-Loss:  
Resistance: 164.57/164.81/165.04 
Support: 163.87/163.56/163.32 
 
SPOT GOLD DAILY OUTLOOK - +$ 2160.00+
Update Time: 25 Mar 2024 00:48GMT
Despite gold's rally abv 2188.80 (Wed) to a
record high at 2222.10 in Asia Thur, subsequent
sharp selloff to as low as 2166.10 in NY on broad-
based usd's strength suggests LT rise has made a
temporary top there n stronger retracement twd
2166.50 would be seen but 2146/2149 should hold.

In view of abv analysis, turn short on recovery
to 2180.00 for 2160.00 next as only a daily close
abv 2186/2188 may risk gain back twd 2212.50.

Rate: +$ 2160.00+ 
Strategy: +Target met+ 
Position: +Short at 2180.00+ 
Objective: 2160.00 
Stop-Loss:  
Resistance: 2186.10/2212.50/2222.10 
Support: 2166.50/2146.10/2141.80 
 
DAILY GBP/JPY OUTLOOK - +190.73+
Update Time: 25 Mar 2024 00:46GMT
Y'day's selloff fm 193.50 to 191.85 (NY) signals
LT rise has made a temp. top at Wed's 8-1/2 yr 193.
53 top n retracement twd 190.55/60 is seen.

Trade fm short side for 190.73 next as only abv
192.20/25 risks gain back twd 192.95.

Rate: +190.73+ 
Strategy: +Target met+ 
Position: Short at 191.73 
Objective: 190.73 
Stop-Loss: Short at 191.73 
Resistance: 192.23/192.95/193.53 
Support: 191.19/190.58/190.15 
 
DAILY EUR/JPY CROSS OUTLOOK - +163.50+
Update Time: 25 Mar 2024 00:45GMT
Euro's intra-day sharp selloff fm 164.81 (Asia)
on comments fm BOJ officials suggests LT upmove has
made a temporary top at Wed's 15-1/2 year peak at
165.37 and consolidation with downside bias remains
for stronger retracement twd 163.80/85, 163.49.

Trade fm short side for this move as only abv
164.81/85 risks re-test of said res later.

Rate: +163.50+ 
Strategy: +Target met+ 
Position: Short at 164.49 
Objective: 163.50 
Stop-Loss:  
Resistance: 164.81/165.04/165.37 
Support: 163.83/163.49/162.96 
 
INTRA-DAY EUR/JPY OUTLOOK - +163.85+
Update Time: 22 Mar 2024 06:52GMT
Euro's intra-day sharp selloff fm 164.81 (Asia)
on comments fm BOJ officials suggests LT upmove has
made a temporary top at Wed's 15-1/2 year peak at
165.37 and consolidation with downside bias remains
for stronger retracement twd 163.80/85, 163.49.

Trade fm short side for this move as only abv
164.81 signals pullback over, risks 165.00/05.

Rate: +163.85+ 
Strategy: +Target met+ 
Position: Short at 164.49 
Objective: 163.85 
Stop-Loss:  
Resistance: 164.57/164.81/165.04 
Support: 163.99/163.83/163.49 
 
INTRA-DAY EUR/GBP OUTLOOK - +0.8580+
Update Time: 22 Mar 2024 01:53GMT
Tue's bounce fm 0.8533 signals further choppy
trading inside recent 0.8499-0.8578 broad range wud
continue with upside bias, abv 0.8565/67 wud bring
re-test of said upper level, break extends upmove
to 0.8590/92, then 0.8615/20 b4 prospect of retreat

Trade fm long side for 0.8580 n only below 0.85
20/24 risks 0.854/09, then possibly 0.8494/99.

Rate: +0.8580+ 
Strategy: +Target met+ 
Position: Long at 0.8540 
Objective: 0.8580 
Stop-Loss:  
Resistance: 0.8563/0.8578/0.8592 
Support: 0.8533/0.8520/0.8504 
 
INTRA-DAY USD/CHF OUTLOOK - +0.8980+
Update Time: 21 Mar 2024 13:56GMT
Intra-day rally fm 0.8840 on SNB's rate cut n
then break of y'day's fresh 4-month 0.8918 high sug
gests recent upmove has resumed n further gain twds
0.9003/08, then 0.9024/26 wud be seen after consoli
dation but 0.9048/52 res area is likely to hold.

Buy on dips to 0.8930 for 0.8980 n only below
0.8915/18 risks 0.8880/85, then 0.8860/65 later.

Rate: +0.8980+ 
Strategy: +Target met+ 
Position: Long at 0.8930 
Objective: 0.8980 
Stop-Loss:  
Resistance: 0.8970/0.9003/0.9026 
Support: 0.8918/0.8870/0.8840 
 
INTRA-DAY EUR/CHF OUTLOOK - +0.9700+
Update Time: 21 Mar 2024 08:31GMT
Despite euro's rally abv 0.9664 (Tue) to a 5-1/2
month peak at 0.9689 in NY Wed, subsequent sharp
retreat signals recent erratic upmove has made a
temporary top there n consolidation is seen b4 pros
pect of another rise twd 0.9700 handle later.

Trade fm long side for this move as only below
0.9644 risks retracement back twd 0.9620/25.

Rate: +0.9700+ 
Strategy: +Target met+ 
Position: Long at 0.9635 
Objective: 0.9700 
Stop-Loss:  
Resistance: 0.9693/0.9724/0.9766 
Support: 0.9644/0.9621/0.9606 
 
INTRA-DAY AUD/USD OUTLOOK - +0.6595+
Update Time: 21 Mar 2024 00:55GMT
Aud's intra-day rally in hectic post-FOMC trad-
ing signals recent decline fm 0.6667 has ended at
0.6504 y'day n consolidation with upside bias re-
mains for gain twds 0.6595/00, reckon res 0.6639
wud remain intact, bring retreat later.

Trade fm long side for this move n only below
0.6504 wud risk weakness to 0.6493.

Rate: +0.6595+ 
Strategy: +Target met+ 
Position: Long at 0.6545 
Objective: 0.6595 
Stop-Loss:  
Resistance: 0.6638/0.6652/0.6667 
Support: 0.6579/0.6540/0.6504 
 
INTRA-DAY GBP/USD OUTLOOK - +1.2790+
Update Time: 21 Mar 2024 00:53GMT
Cable's current rally in post-FOMC n break abv
prev. res at 1.2733 signals corrective upmove fm
y'day's 2-week bottom at 1.2668 has resumed n fur-
ther gain twds 1.290/00 wud be seen, reckon daily
res at 1.2822 wud remain intact.

Trade fm long side for this move n only below
1.2711 wud risk weakness to 1.2685.

Rate: +1.2790+ 
Strategy: +Target met+ 
Position: Long at 1.2730 
Objective: 1.2790 
Stop-Loss:  
Resistance: 1.2822/1.2841/1.2863 
Support: 1.2758/1.2733/1.2711 
 
INTRA-DAY EUR/USD OUTLOOK - +1.0930+
Update Time: 21 Mar 2024 00:51GMT
Euro's current rally n break abv European res at
1.0871 on usd's weakness in post-FOMC signals cor-
rective upmove fm y'day's low at 1.0835 has resumed
n further gain twds 1.0920/30 wud be seen, reckon
1.0945 wud hold due to nr term loss of momentum.

Trade fm long side for this move n only below
1.0859 wud risk weakness to 1.0835 again.

Rate: +1.0930+ 
Strategy: +Target met+ 
Position: Long at 1.0880 
Objective: 1.0930 
Stop-Loss:  
Resistance: 1.0945/1.0963/1.0980 
Support: 1.0903/1.0876/1.0859 
 
INTRA-DAY EUR/USD OUTLOOK - +1.0835+
Update Time: 19 Mar 2024 12:15GMT
Y'day's fall fm 1.0905 n then break of Fri's
1.0874 low to 1.0866, then lower today suggests de-
cline fm Mar's 1-1/2 month 1.0980 peak remains in
force n wud head to 1.0840/45 after consolidation,
below yields 1.0813/20 but 1.0791/96 may hold.

Trade fm short side for 1.0835 n only abv 1.0880
/85 risks gain to 1.0900/05, break, 1.0920/25.

Rate: +1.0835+ 
Strategy: +Target met+ 
Position: Short at 1.0895 
Objective: 1.0835 
Stop-Loss:  
Resistance: 1.0881/1.0905/1.0921 
Support: 1.0835/1.0813/1.0796 
 
INTRA-DAY GBP/USD OUTLOOK - +1.2685+
Update Time: 19 Mar 2024 08:44GMT
Intra-day break of y'day's 1.2718 low suggests
decline fm Mar's 7-month 1.2893 peak remains in pro
gress n weakness twds 1.2671/81 wud be seen after
consolidation, however, loss of momentum may keep
price abv 1.2645/50 today, yield correction.

Trade fm short side for 1.2685 n only abv 1.2730
/35 risks 1.2746 (Mon), then 1.2758/61 b4 down.

Rate: +1.2685+ 
Strategy: +Target met+ 
Position: Short at 1.2755 
Objective: 1.2685 
Stop-Loss:  
Resistance: 1.2714/1.2731/1.2746 
Support: 1.2671/1.2646/1.2613 
 
INTRA-DAY EUR/JPY OUTLOOK - +163.40+
Update Time: 19 Mar 2024 05:26GMT
Euro's intra-day impressive rally fm 162.08 on
BoJ's interest rate hike n break of Mon's fresh 1-
week peak at 162.68 suggests recent erratic rise fm
Mar's 1-month 160.22 bottom remains in force n gain
twd 163.35/40 is seen but 163.52 may hold initially

Trade fm long side for this move as only below
162.68 risks retracement back twd 162.04.

Rate: +163.40+ 
Strategy: +Target met+ 
Position: Long at 162.65 
Objective: +163.40+ 
Stop-Loss:  
Resistance: 162.99/163.39/163.52 
Support: 162.68/162.04/161.95 
 
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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