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DAILY AUD/USD OUTLOOK - +0.6585+ |
Update Time:28 Oct 2024 04:33GMT Although aud's selloff below last Wed's 0.6614 bottom to a fresh 2-month trough at 0.6601 in NY Fri signals decline fm Sep's 19-month 0.6943 peak wud extend to 0.6565/70 but loss of downward momen- tum may keep price abv 0.6540/50 n yield bounce.
Trade fm short side for 0.6585 next n only abv 0.6661/65 risks 0.6695/00 but 0.6723/26 shud hold.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 0.6715 |
OBJECTIVE | : | 0.6585 |
STOP-LOSS | : | |
RESISTANCE | : | 0.6663/0.6695/0.6723 |
SUPPORT | : | 0.6596/0.6570/0.6544 |
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INTRA-DAY AUD/USD OUTLOOK - +0.6600+ |
Update Time:28 Oct 2024 00:59GMT Aud's selloff fm 0.6646 Fri n break of 0.6614 (Wed) to a fresh 2-month bottom at 0.6601 (NY) sig- nals recent erratic decline remains in force n weak ness to 0.6596/00 wud be forthcoming, break yields marginal drop to 0.6565/70 b4 prospect of bounce.
Trade fm short side for 0.6600 n only abv 0.6643 /45 risks 0.6661/65 but 0.6695/00 shud cap upside.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 0.6650 |
OBJECTIVE | : | 0.6600 |
STOP-LOSS | : | |
RESISTANCE | : | 0.6646/0.6663/0.6695 |
SUPPORT | : | 0.6596/0.6570/0.6544 |
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INTRA-DAY GBP/USD OUTLOOK - +1.2915+ |
Update Time:24 Oct 2024 02:50GMT As 1.2995 has capped recovery fm y'day's 2-month 1.2945 low, suggesting correction has ended n down- trend fm Sep's 30-month 1.3434 peak wud head to 1.2910/15 after consolidation, anticipated loss of momentum shud keep price well abv 1.2870/80 today.
Trade fm short side for 1.2925 n only abv 1.2995 /00 risks 1.3015 (Tue), break, 1.3032/37, 1.3055/58
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 1.2980 |
OBJECTIVE | : | +1.2915+ |
STOP-LOSS | : | |
RESISTANCE | : | 1.2963/1.2995/1.3015 |
SUPPORT | : | 1.2908/1.2882/1.2849 |
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DAILY USD/SGD OUTLOOK - +1.3230+ |
Update Time:23 Oct 2024 14:34GMT Intra-day rise abv Mon's 2-month 1.3169 peak sig nals rise fm Sep's 9-1/2 year 1.2790 low wud extend twd 1.3225/30 but 1.3255/65 may remain intact.
Trade fm long side 1.3230 next as only below 1.3140/45 risks retracement twd 1.3110/15, 1.3074.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 1.3110 |
OBJECTIVE | : | 1.3230 |
STOP-LOSS | : | Long at 1.3110 |
RESISTANCE | : | 1.3252/1.3274/1.3290 |
SUPPORT | : | 1.3191/1.3165/1.3144 |
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DAILY NZD/USD OUTLOOK - +0.6015+ |
Update Time:23 Oct 2024 11:43GMT As 0.6061 has capped recovery fm y'day's 2-month 0.6021 low, suggesting price wud head to 0.5990/00 after consolidation but 0.5970/75 shud hold today.
Trade fm short side for 0.6015 n only abv 0.6061 /65 risks 0.6080/84, break, 0.6100/05 b4 retreat.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 0.6105 |
OBJECTIVE | : | 0.6015 |
STOP-LOSS | : | Short at 0.6105 |
RESISTANCE | : | 0.6030/0.6061/0.6084 |
SUPPORT | : | 0.5990/0.5975/0.5940 |
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INTRA-DAY AUD/USD OUTLOOK - +0.6655+ |
Update Time:22 Oct 2024 01:30GMT Despite aud's intra-day marginal break of 0.6719 (Fri) to 0.6722 in Asia, subsequent selloff signals correction fm last Wed's 1-month bottom at 0.6659 has possibly ended n below 0.6670/75 wud re-test 0.6659, break extends recent fall twd 0.6622 (Sep).
Trade fm short side for 0.6655 n only abv 0.6732 /37 risks marginal gain to 0.6759/69 b4 down.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 0.6715 |
OBJECTIVE | : | 0.6655 |
STOP-LOSS | : | |
RESISTANCE | : | 0.6737/0.6759/0.6786 |
SUPPORT | : | 0.6673/0.6659/0.6622 |
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DAILY EUR/USD OUTLOOK - +1.0865+ |
Update Time:20 Oct 2024 12:46GMT Although y'day's bounce after resumption of de- cline to a fresh 2-month 1.0812 low suggests temp. bottom is in place, as long as 1.0855/60 holds, daily bearish view remains for weakness to Aug's 1.0778 trough, break extends to 1.0745/55 b4 up.
Trade fm short side for 1.0795 n only abv 1.0873 (Thur) confirms bottom made, 1.0896/01 later.
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STRATEGY | : | +Stop profit+ |
POSITION | : | Short at 1.0965 |
OBJECTIVE | : | |
STOP-LOSS | : | 1.0865 |
RESISTANCE | : | 1.0848/1.0873/1.0901 |
SUPPORT | : | 1.0812/1.0800/1.0778 |
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DAILY GBP/USD OUTLOOK - +1.3026+ |
Update Time:18 Oct 2024 02:57GMT Although cable's intra-day break of y'day's near 2-month 1.2977 low suggests decline fm Sep's 30-mth 1.3434 peak remains in progress, loss of downward momentum shud prevent sharp drop below 1.2940/45 n 1.2910/15 sup area is likely to hold on 1st testing
Trade fm short side for 1.2946 n only abv 1.3010 /15 risks 1.3037 (NY), abv, 1.3060/65 b4 down.
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STRATEGY | : | +Stop profit+ |
POSITION | : | Short at 1.3091 |
OBJECTIVE | : | |
STOP-LOSS | : | +1.3026+ |
RESISTANCE | : | 1.3037/1.3060/1.3077 |
SUPPORT | : | 1.2974/1.2941/1.2913 |
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INTRA-DAY EUR/USD OUTLOOK - +1.0870+ |
Update Time:16 Oct 2024 15:51GMT Intra-day break of y'day's fresh 2-month 1.0882 low confirms decline fm Sep's 14-month 1.1214 peak remains in progress n weakness to 1.0845/50 wud be seen after consolidation, break extends marginally to 1.0815/20 but 1.0800/05 is likely to hold today.
Trade fm short side for 1.0870 n only abv 1.0916 (Tue) risks retrace. to 1.0935/36, then 1.0953/62.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 1.0940 |
OBJECTIVE | : | 1.0870 |
STOP-LOSS | : | |
RESISTANCE | : | 1.0898/1.0916/1.0936 |
SUPPORT | : | 1.0870/1.0849/1.0818 |
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INTRA-DAY GBP/USD OUTLOOK - +1.3030+ |
Update Time:16 Oct 2024 06:01GMT As 1.3103 has capped recovery fm last Thur's 4- week low at 1.3022, suggesting correction has possi bly ended, below 1.3036 (Tue) adds credence to this view n yield re-test of 1.3022, break extends down- trend to 1.3003 (Sep), then 1.2975/80 b4 rebound.
Trade fm short side for 1.3030 n only abv 1.3103 risks 1.3110/13 but 1.3134/40 shud cap upside.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 1.3090 |
OBJECTIVE | : | 1.3030 |
STOP-LOSS | : | |
RESISTANCE | : | 1.3077/1.3103/1.3113 |
SUPPORT | : | 1.3022/1.3003/1.2975 |
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INTRA-DAY AUD/USD OUTLOOK - +0.6670+ |
Update Time:16 Oct 2024 01:49GMT Intra-day bounce after re-test of last Thur's 3-week low of 0.6702 suggests choppy consolidation wud be seen b4 decline fm Sep's 19-month 0.6943 peak heads to 0.6693/95, then 0.6673/75, below yields 0.6656/60 but 0.6640/45 shud hold today.
Sell on pullback to 0.6725 for 0.6670 n only abv 0.6737/44 risks 0.6759/62, abv, 0.6780/85 later.
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STRATEGY | : | +Target met+ |
POSITION | : | +Short at 0.6725+ |
OBJECTIVE | : | 0.6670 |
STOP-LOSS | : | |
RESISTANCE | : | 0.6737/0.6759/0.6769 |
SUPPORT | : | 0.6656/0.6622/0.6608 |
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DAILY AUD/USD OUTLOOK - +0.6750+ |
Update Time:08 Oct 2024 01:42GMT Despite aud's rise to a 19-month 0.6943 peak last Mon, subsequent fall to 0.6786 Fri, then 0.67 85 today confirms top made n weakness to 0.6765/70, then 0.6738/42 wud be seen after consolidation b4 prospect of a rebound due to loss of momentum.
Trade fm short side for 0.6750 n only abv 0.6852 /57 confirms bottom made, risks 0.6875/80 later.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 0.6900 |
OBJECTIVE | : | 0.6750 |
STOP-LOSS | : | |
RESISTANCE | : | 0.6810/0.6830/0.6854 |
SUPPORT | : | 0.6738/0.6693/0.6656 |
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DAILY USD/CAD OUTLOOK - +1.3635+ |
Update Time:08 Oct 2024 01:43GMT Usd's rise fm Sep's 6-mth 1.3420 low to 1.3591 Fri suggests temp. bottom made n gain twds 1.3620/ 23, then 1.3640/47 wud be seen b4 retreat occurs.
Trade fm long side for 1.3635 after consolida- tion n elow 1.3545/51 risks 1.3530/35, 1.3508/10.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 1.3495 |
OBJECTIVE | : | 1.3635 |
STOP-LOSS | : | Long at 1.3495 |
RESISTANCE | : | 1.3623/1.3647/1.3689 |
SUPPORT | : | 1.3579/1.3551/1.3532 |
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INTRA-DAY GBP/USD OUTLOOK - +1.3105+ |
Update Time:04 Oct 2024 12:34GMT Y'day's bounce after selloff to a near 3-week low of 1.3093 suggests decline fm last Thur's 30- month 1.3434 peak has made a temporary bottom, how- ever, 1.3170/80 is likely to cap recovery, yield another fall, below 1.3110/15, 1.3093, 1.3060/70.
Trade fm short side for 1.3105 n only abv 1.3175 /80 risks marginal gain, 1.3205/10 shud hold.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 1.3165 |
OBJECTIVE | : | 1.3105 |
STOP-LOSS | : | |
RESISTANCE | : | 1.3140/1.3176/1.3205 |
SUPPORT | : | 1.3068/1.3033/1.3003 |
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INTRA-DAY AUD/USD OUTLOOK - +0.6850+ |
Update Time:03 Oct 2024 08:49GMT As 0.6915 has capped recovery fm y'day's 0.6857 low, suggesting decline fm Mon's fresh 19-month 0.6943 peak wud head to 0.6835/40 after consolida- tion, below yields stronger retracement to 0.6815/ 17 but 0.6784/94 is likely to hold on 1st testing.
Trade fm short side for 0.6850 next n only abv 0.6915/20 may risk re-test of 0.6943 later.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 0.6900 |
OBJECTIVE | : | 0.6850 |
STOP-LOSS | : | |
RESISTANCE | : | 0.6875/0.6915/0.6943 |
SUPPORT | : | 0.6839/0.6815/0.6784 |
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DAILY EUR/GBP CROSS OUTLOOK - +0.8416+ |
Update Time:03 Oct 2024 08:46GMT Intra-day rally on BOE's Governor Bailey's com- ments (see MMN) n then break of 0.8371 res confirms MT decline has made a temporary bottom at Tue's 29- month 0.8311 trough n gain twds 0.8420/25 wud be seen after consolidation, break, 0.8455/63 later.
Trade fm long side for 0.8416 n only below 0.83 40/45 risks 0.8322/25, then 0.8311 again.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 0.8326 |
OBJECTIVE | : | 0.8416 |
STOP-LOSS | : | |
RESISTANCE | : | 0.8425/0.8463/0.8478 |
SUPPORT | : | 0.8371/0.8345/0.8322 |
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INTRA-DAY EUR/GBP OUTLOOK - +0.8376+ |
Update Time:03 Oct 2024 06:34GMT Despite euro's marginal break of 0.8313 (Mon) to a fresh near 2-1/2 year bottom at 0.8311 in NY Tue, subsequent bounce to 0.8345 signals LT decline has made a temporary low there n retracement to 0.8371/ 79 wud be seen but abv needed for gain to 0.8386/92
Trade fm long side for 0.8376 next as only below 0.8311 risks one more fall to 0.8290/95 later.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 0.8326 |
OBJECTIVE | : | 0.8376 |
STOP-LOSS | : | |
RESISTANCE | : | 0.8371/0.8386/0.8407 |
SUPPORT | : | 0.8311/0.8291/0.8274 |
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DAILY USD/CHF OUTLOOK - +0.8535+ |
Update Time:03 Oct 2024 06:33GMT Despite dlr's erratic fall fm last Mon's 0.8518 high to 0.8402 Fri, subsequent rise to 0.8482 y'day suggests pullback has ended n as 0.8432 has con- tained downside, upside bias remains, abv 0.8518 yields re-test of Sep's 0.8549 top, abv, 0.8561/66.
Trade fm long side for 0.8535 n only below 0.84 20/25 risks 0.8402 but 0.8376 (Sep) shud hold.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 0.8445 |
OBJECTIVE | : | 0.8535 |
STOP-LOSS | : | |
RESISTANCE | : | 0.8518/0.8549/0.8561 |
SUPPORT | : | 0.8450/0.8432/0.8423 |
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DAILY NZD/USD OUTLOOK - +0.6255+ |
Update Time:03 Oct 2024 01:41GMT As 0.6313 has capped recovery fm y'day's 0.6265 low, suggesting fall fm Mon's 14-mth 0.6379 peak wud head to 0.6253/55, then 0.6210/20 b4 rebound.
Trade fm short side for 0.6255 n only abv 0.6320 /25 risks 0.6237/40, break, 0.6355/60 later.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 0.6370 |
OBJECTIVE | : | +0.6255+ |
STOP-LOSS | : | Short at 0.6370 |
RESISTANCE | : | 0.6324/0.6337/0.6355 |
SUPPORT | : | 0.6253/0.6210/0.6177 |
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INTRA-DAY USD/CHF OUTLOOK - +0.8505+ |
Update Time:02 Oct 2024 13:08GMT As dlr has rebounded after y'day's retreat fm 0.8482 to 0.8432, suggesting pullback fm last Mon's 0.8518 high has ended at 0.8402 Fri n consolidation wud be seen b4 re-test of 0.8518, break wud head to 0.8530/35, then 0.8549 (Sep), abv, 0.8561/66 later.
Trade fm long side for 0.8505 n only below 0.84 20/25 risks 0.8402, then possibly 0.8392/95.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 0.8445 |
OBJECTIVE | : | 0.8505 |
STOP-LOSS | : | |
RESISTANCE | : | 0.8482/0.8493/0.8518 |
SUPPORT | : | 0.8432/0.8423/0.8402 |
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INTRA-DAY AUD/USD OUTLOOK - +0.6870+ |
Update Time:01 Oct 2024 16:44GMT As 0.6934 has capped recovery fm y'day's NY low of 0.6899, suggesting MT upmove has made a temp. top at Mon's fresh 19-month 0.6943 peak n stronger retracement to 0.6858/63 wud be seen after consoli- dation, break yields 0.6835/40, then 0.6815/20.
Trade fm short side for 0.6880 n only abv 0.6934 risks re-test of 0.6943, break, 0.6960/70 b4 down.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 0.6940 |
OBJECTIVE | : | +0.6870+ |
STOP-LOSS | : | |
RESISTANCE | : | 0.6914/0.6943/0.6960 |
SUPPORT | : | 0.6863/0.6840/0.6815 |
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INTRA-DAY EUR/USD OUTLOOK - +1.1095+ |
Update Time:23 Sep 2024 08:06GMT Intra-day fall fm 1.1167 suggests corrective upmove fm Sep's 1.1002 low has made a temporary top at 1.1189 last Wed, below 1.1115/17 wud confirm this view n yield weakness to 1.1097/00, below wud head to 1.1069/71, break, 1.1050/54 b4 rebound.
Trade fm short side for 1.1105 n only abv 1.1170 /75 may risk 1.1189/90, abv, 1.1201 (Aug).
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 1.1165 |
OBJECTIVE | : | +1.1095+ |
STOP-LOSS | : | |
RESISTANCE | : | 1.1167/1.1190/1.1201 |
SUPPORT | : | 1.1115/1.1097/1.1069 |
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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.
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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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Published by Trendsetter Financial Markets Limited. All rights reserved. |
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