Daily Market Outlook
Update Time: 20 Jun 2024 04:06
Next Update At: 08:30GMT
EUR/USD - 1.0741
Despite euro's resumption of decline to a 6-week 1.0668 low last Fri, subsequent rise to 1.0761 on weak US retail sales data Tue suggests a temporary bottom is made and yesterday's sideways swing would yield consolidation before heading to 1.0810/16, above would extend to 1.0852/55 later.  
  
On the downside, a daily close below 1.0710 (Tue) would yield weakness back to 1.0687/90, then 1.0668 again.
   Our Recommended Trades
SPOT GOLD DAILY OUTLOOK - +$ 2336.00+
Update Time: 20 Jun 2024 08:22GMT
Gold's rally fm last Thur's bottom at 2295.80 to
2336.60 Fri on usd's weakness n intra-day break of
last Wed's 2341.60 peak suggests upmove fm Jun's 1-
month bottom at 2286.90 has resumed n further gain
twd 2353/2355 would be seen but firm break there
is needed to extend twd 2364.10, break, 2369.50.

In view of abv analysis, trade fm long side for
2353.00 next as only a daily close below 2324.00
would prolong volatile swings, risks 2318/2320.

Rate: +$ 2336.00+ 
Strategy: +Stop profit+ 
Position: Long at 2314.00 
Objective:  
Stop-Loss: 2336.00 
Resistance: 2353.60/2369.50/2379.40 
Support: 2327.60/2324.00/2318.80 
 
SPOT SILVER DAILY OUTLOOK - +$ 29.95+
Update Time: 20 Jun 2024 01:11GMT
Xag's rally fm last Thur's 4-week 28.66 low sig-
nals fall fm 32.51 (May) has possibly made a temp.
low there n abv 29.80/85 wud re-test 30.25 res.

Trade fm long side for 29.95 next as only below
29.15/20 would prolong choppy swings, 28.90/95.

Rate: +$ 29.95+ 
Strategy: +Target met+ 
Position: Long at 29.15 
Objective: 29.95 
Stop-Loss: Long at 29.15 
Resistance: 29.66/29.83/20.25 
Support: 29.19/28.93/28.66 
 
DAILY USD/CHF OUTLOOK - +0.8830+
Update Time: 18 Jun 2024 13:52GMT
Although dlr has bounced after intra-day break
of prev. Jun's 0.8882 low to a near 3-month 0.8881
bottom today, as 0.8899 has capped recovery, conso-
lidation with downside bias remains for weakness
to 0.8840/45 b4 prospect of a rebound later.

Trade fm short side for +0.8830+ n abv 0.8932
(Mon) risks retrace. to 0.8960/67, then 0.8983/93.

Rate: +0.8830+ 
Strategy: +Target met+ 
Position: Short at 0.8930 
Objective: +0.8830+ 
Stop-Loss:  
Resistance: 0.8859/0.8882/0.8899 
Support: 0.8820/0.8794/0.8767 
 
INTRA-DAY USD/CHF OUTLOOK - +0.8860+
Update Time: 18 Jun 2024 12:36GMT
Dlr's firm break below Jun's near 3-month
trough at 0.8882 signals recent decline fm May's
6-1/2 month peak at 0.9224 has resumed n further
weakness twds 0.8866 wud be seen, reckon 0.8840
wud remain intact, bring rebound later.

Trade fm short side for 0.8865 next n only abv
0.8910/15 risks 0.8932 (Mon), abv, 0.8945/48.

Rate: +0.8860+ 
Strategy: +Target met+ 
Position: Short at 0.8930 
Objective: +0.8860+ 
Stop-Loss:  
Resistance: 0.8882/0.8899/0.8913 
Support: 0.8840/0.8820/0.8794 
 
INTRA-DAY USD/JPY OUTOOK - +157.65+
Update Time: 17 Jun 2024 02:48GMT
Despite dlr's selloff fm 158.25 to 156.97 in
Europe Fri, subsequent bounce signals the pullback
has ended n consolidation with upside bias remains
for a re-test of said sup, break wud extend recent
upmove twds 158.40/45 b4 prospect of retreat.

Trade fm long side for this move n only below
156.97 wud risk weakness to 156.83, 156.70.

Rate: +157.65+ 
Strategy: +Target met+ 
Position: Long at 157.15 
Objective: 157.65 
Stop-Loss:  
Resistance: 157.64/157.97/158.25 
Support: 156.97//156.70/156.58 
 
INTRA-DAY EUR/GBP OUTLOOK - +0.8400+
Update Time: 14 Jun 2024 11:27GMT
Although euro's selloff in NY n break of 0.8418
(Wed) to a fresh 1-1/2 year 0.8413 bottom signals
LT decline remains in force, subsequent bounce indi
cates temp. low made n consolidation wud be seen b4
another fall twd 0.8385/90 but 0.8340/45 may hold.

Trade fm short side for 0.8400 next as only abv
0.8467 risks stronger retracement twd 0.8485.

Rate: +0.8400+ 
Strategy: +Target met+ 
Position: Short at 0.8450 
Objective: 0.8400 
Stop-Loss:  
Resistance: 0.8467/0.8485/0.8524 
Support: 0.8389/0.8341/0.8300 
 
DAILY USD/JPY OUTLOOK - +157.09+
Update Time: 13 Jun 2024 05:58GMT
Despite y'day's selloff to 155.73 on US CPI, sub
sequent rally in post-FOMC to 157.20 today suggests
pullback fm Tue's 157.44 high has ended n gain to
157.44/47 wud be seen after consolidation, abv wud
yield gain to 157.76 res, then 157.96/01 b4 down.

Trade fm long side for +157.15+ n only below
155.58 (AUS) indicates to made, risks 156.10/15.

Rate: +157.09+ 
Strategy: +Exit long+ 
Position: Long at 156.20 
Objective:  
Stop-Loss:  
Resistance: 157.20/157.47/157.76 
Support: 156.58/156.41/156.13 
 
INTRA-DAY USD/JPY OUTOOK - +156.80+
Update Time: 12 Jun 2024 19:25GMT
Despite dlr's intra-day selloff to 155.73 on
soft US CPI, current strong rebound in post-FOMC
trading signals the pullback fm y'day's high at 157
.41 has ended there n consolidation with upside
bias remains for gain twds 156.95/00 later.

Trade fm long side for this move n only below
155.73 wud risk weakness to 155.39.

Rate: +156.80+ 
Strategy: +Target met+ 
Position: Long at 156.20 
Objective: 156.80 
Stop-Loss:  
Resistance: 156.81/157.47/157.76 
Support: 155.73/155.39/155.07 
 
DAILY GBP/JPY OUTLOOK - +200.80+
Update Time: 12 Jun 2024 13:59GMT
Y'day's strong bounce fm 199.69 (NY) signals up-
side bias remains for re-test of 200.40/41 res but
abv needed for gain twd 200.74 (May) b4 retreat.

Trade fm long side for 200.70 next as only below
199.65/70 risks retracement back twd 199.30/35.

Rate: +200.80+ 
Strategy: +Target met+ 
Position: Long at 199.85 
Objective: +200.80+ 
Stop-Loss: Long at 199.85 
Resistance: 200.42/200.70/200.93 
Support: 199.69/199.33/198.94 
 
INTRA-DAY USD/JPY OUTOOK - +155.91+
Update Time: 12 Jun 2024 13:36GMT
Dlr's erratic rise fm last Tue's 154.56 low to
157.44 (Reuters) y'day suggests early decline fm
157.76 has made a temporary bottom n subsequent re-
treat wud yield consolidation b4 marginal gain,
loss of momentum shud cap price below 157.76.

Stand aside ahead of US CPI data n only below
156.81 wud risk weakness to 156.43.

Rate: +155.91+ 
Strategy: +Target met+ 
Position: +Short at 156.51+ 
Objective: +155.91+ 
Stop-Loss:  
Resistance: 157.47/157.76/158.01 
Support: 156.81/156.43/155.93 
 
INTRA-DAY AUD/USD OUTLOOK - +0.6645+
Update Time: 12 Jun 2024 12:33GMT
Aud's strong bounce fm Mon's 4-week bottom at
0.6576 to 0.6613 y'day, then higher today suggests
recent decline has made a temporary low, abv 0.6627
/34 wud yield gain twds 0.6660/65, then 0.6681/83,
break needed for 0.6699, then possibly 0.6714 (May)

Trade fm long side for 0.6645 n only below 0.65
89 (Tue) risks 0.6576, below, 0.6558/63, 0.6535/40.

Rate: +0.6645+ 
Strategy: +Target met+ 
Position: Long at 0.6595 
Objective: 0.6645 
Stop-Loss:  
Resistance: 0.6627/0.6669/0.6699 
Support: 0.6589/0.6576/0.6558 
 
DAILY AUD/USD OUTLOOK - +0.6675+
Update Time: 12 Jun 2024 12:36GMT
Despite aud's resumption of decline fm May's 4-
month peak at 0.6714 to a 4-week bottom at 0.6576
Mon, loss of momentum n subsequent bounce to 0.6613
y'day, then higher today suggests temp. low is made
n gain twds 0.6681/83 wud be seen, abv, 0.6695/99.

Trade fm long side for 0.6675 n only below 0.65
76 risks 0.6558/63, 0.6535/40, 0.6516/20 shud hold.

Rate: +0.6675+ 
Strategy: +Target met+ 
Position: Long at 0.6595 
Objective: 0.6675 
Stop-Loss:  
Resistance: 0.6627/0.6669/0.6699 
Support: 0.6589/0.6576/0.6558 
 
DAILY NZD/USD OUTLOOK - +0.6193+
Update Time: 12 Jun 2024 12:37GMT
Nzd's rise fm Mon's 0.6100 low to 0.6150 y'day
suggests fall fm Thu's near 3-mth 0.6215 peak has
made a temp. bottom, yields 0.6170/74, 0.6200/04.

Trade fm long side for 0.6193 n only below 0.61
18/20 risks 0.6100, break, 0.6083/88 b4 rebound.

Rate: +0.6193+ 
Strategy: +Target met+ 
Position: Long at 0.6108 
Objective: 0.6193 
Stop-Loss: Long at 0.6108 
Resistance: 0.6174/0.6198/0.6215 
Support: 0.6133/0.6118/0.6100 
 
INTRA-DAY USD/CHF OUTLOOK - +0.8990+
Update Time: 11 Jun 2024 15:21GMT
As 0.8955 has contained pullback fm y'day's 0.89
82 high, suggesting corrective upmove fm Fri's 2-
1/2 month trough at 0.8882 wud head to 0.9003/06
after consolidation, however, reckon 0.9035/40 res
area shud hold initially, yield retreat later.

Trade fm long side for 0.8990 n only below 0.89
45/48 risks 0.8925/30 b4 prospect of a rebound.

Rate: +0.8990+ 
Strategy: +Target met+ 
Position: Long at 0.8940 
Objective: 0.8990 
Stop-Loss:  
Resistance: 0.8982/0.9003/0.9026 
Support: 0.8948/0.8905/0.8882 
 
INTRA-DAY GBP/USD OUTLOOK - +1.2690+
Update Time: 10 Jun 2024 10:50GMT
Fri's selloff fm 1.2811 (Reuters) to 1.2715 near
to close on strong US jobs data, then lower today
suggests decline fm last Tue's 2-1/2 month 1.2818
peak wud head to 1.2676/81 after consolidation,
break yields 1.2644/46 b4 prospect of a rebound.

Trade fm short side for 1.2690 n only abv 1.2740
/45 signals trough made, 1.2760/65, 1.2780/85.

Rate: +1.2690+ 
Strategy: +Target met+ 
Position: Short at 1.2740 
Objective: 1.2690 
Stop-Loss:  
Resistance: 1.2744/1.2763/1.2782 
Support: 1.2694/1.2676/1.2644 
 
INTRA-DAY USD/CHF OUTLOOK - +0.8885+
Update Time: 07 Jun 2024 07:16GMT
Dlr's fall fm Wed's 0.8948 high to 0.8891 today
suggests recovery fm Tue's 2-month 0.8885 low has
ended n decline fm May's near 7-month 0.9224 peak
wud head to 0.8860/65, then 0.8840/45 after consoli
dation, however, 0.8820/22 sup shud hold initially.

Trade fm short side for 0.8885 n only abv 0.8925
/31 risks 0.8948, break, 0.8970/72 b4 down.

Rate: +0.8885+ 
Strategy: +Target met+ 
Position: Short at 0.8945 
Objective: 0.8885 
Stop-Loss:  
Resistance: 0.8906/0.8930/0.8948 
Support: 0.8866/0.8840/0.8820 
 
SPOT SILVER DAILY OUTLOOK - +$ 30.90+
Update Time: 06 Jun 2024 15:35GMT
Xag's bounce fm 29.38 (Tue) signals corrective
fall fm 22.51 (May) has made a temp. low there n
upside bias remains for 30.85/90, break, 31.15/20.

Turn cautious buyer to 30.20 for 30.90 next as
only below 29.90/98 risks weakness to 29.34/38.

Rate: +$ 30.90+ 
Strategy: +Target met+ 
Position: +Long at 30.20+ 
Objective: 30.90 
Stop-Loss: +Long at 30.20+ 
Resistance: 30.61/30.88/31.18 
Support: 30.06/29.98/29.34 
 
INTRA-DAY EUR/JPY OUTLOOK - +169.28+
Update Time: 06 Jun 2024 02:05GMT
Euro's intra-day rally suggests decline fm Mon's
1-month high at 170.89 has made a temporary bottom
at y'day's 2-1/2 week low of 168.03 n mild upside
bias to 170.15/25 wud be seen after consolidation,
however, 170.30/40 shud hold, yield retreat later.

Buy on dips to 169.40 for 170.00 or sell at 170.
15 for 169.55. Below 169.25/30, 169.00/05,168.65/70

Rate: +169.28+ 
Strategy: +Target met+ 
Position: +Short at 169.93+ 
Objective: +169.28+ 
Stop-Loss:  
Resistance: 170.01/170.31/170.72 
Support: 169.53/169.37/169.01 
 
DAILY USD/JPY OUTLOOK - +155.55+
Update Time: 04 Jun 2024 07:22GMT
Despite dlr's rise fm Thur's 156.36 low to 157.
47 y'day, subsequent fall to 156.96 on renewed buy-
ing interest in jpy n usd's weakness signals recent
upmove has made a top at 157.76 Wed n intra-day
fall fm 156.48 wud head to 155.50/55, 155.17/27.

Trade fm short side for 155.55 n only abv 156.57
/60 risks 156.90/63 but 157.15/20 shud cap upside.

Rate: +155.55+ 
Strategy: +Target met+ 
Position: Short at 156.45 
Objective: 155.55 
Stop-Loss:  
Resistance: 156.48/156.93/157.15 
Support: 155.96/155.85/155.50 
 
INTRA-DAY USD/JPY OUTOOK - +155.85+
Update Time: 04 Jun 2024 06:23GMT
As dlr has fallen after rebound fm y'day's 155.
96 low to 156.48 in Asian morning today, suggesting
decline fm last Wed's near 4-week 157.76 high wud
head to 155.80/85, then 155.50/55 after consolida-
tion but 155.17/27 sup area shud hold initially.

Trade fm short side for 155.85 n only abv 156.57
/60 indicates bottom made, 156.93/00, 157.15/20.

Rate: +155.85+ 
Strategy: +Target met+ 
Position: Short at 156.45 
Objective: 155.85 
Stop-Loss:  
Resistance: 156.48/156.93/157.15 
Support: 155.96/155.85/155.50 
 
INTRA-DAY EUR/JPY OUTLOOK - +170.40+
Update Time: 04 Jun 2024 01:10GMT
Despite euro's intra-day break of last Wed's
4-week peak at 170.79 to 170.88, current stronger-
than-expected retreat signals a minor top is made
n mild downside bias is seen, however, 169.70/80
wud remain intact, bring another rise.

Remain as cautious buyer for this move n only
below 169.69 wud risk weakness to 169.39.

Rate: +170.40+ 
Strategy: +Target met+ 
Position: +Long at 169.90+ 
Objective: 170.40 
Stop-Loss:  
Resistance: 170.62/170.88/171.00 
Support: 169.69/169.39/169.00 
 
INTRA-DAY USD/JPY OUTOOK - +157.70+
Update Time: 30 May 2024 00:57GMT
Despite dlr's intra-day sharp fall fm a fresh
3-week high at 157.40 to 156.91, subsequent rally
in NY n break abv said res signals recent upmove
has resumed n upside bias remains for gain twds
158.01/05 b4 prospect of retreat.

Trade fm long side for this move n only below
156.91 wud risk weakness to 156.54.

Rate: +157.70+ 
Strategy: +Target met+ 
Position: Long at 157.10 
Objective: 157.70 
Stop-Loss:  
Resistance: 157.75/158.01/158.50 
Support: 156.91/156.54/156.30 
 
DAILY USD/CAD OUTLOOK - +1.3720+
Update Time: 30 May 2024 00:29GMT
Dlr's bounce fm 1.3615 y'day signals pullback fm
last tHur's high at 1.3743 has ended there n gain t
1.3698/00 is seen, abv wud head to 1.3724 b4 down.

Trade fm long side for 1.3705 n only below 1.36
30/35 risks 1.3615 but May's 1.3590 bottom wud hold

Rate: +1.3720+ 
Strategy: +Target met+ 
Position: Long at 1.3620 
Objective: 1.3720 
Stop-Loss: Long at 1.3620 
Resistance: 1.3698/1.3724/1.3800 
Support: 1.3632/1.3615/1.3590 
 
INTRA-DAY EUR/USD OUTLOOK - +1.0810+
Update Time: 29 May 2024 15:59GMT
Euro's current break below European 1.0830 sup
confirms recovery fm THur's low at 1.0805 has ended
at 1.0899 y'day n consolidation with downside bias
remains for a re-test of said sup, break wud ex-
tend twds 1.0790 later today.

Trade fm short side for 1.0810 n only abv 1.0855
/60 may risk gain back to 1.0889/94 later.

Rate: +1.0810+ 
Strategy: +Target met+ 
Position: Short at 1.0870 
Objective: 1.0810 
Stop-Loss:  
Resistance: 1.0859/1.0894/1.0923 
Support: 1.0805/1.0790/1.0761 
 
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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