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SPOT GOLD DAILY OUTLOOK - +$ 2659.20+ |
Update Time:11 Nov 2024 11:13GMT Gold's sharp selloff fm last Wed's 2749.80 to as low as 2743.80 Thur confirms LT rise has made a top at Oct's record high at 2790.40 n as 2710.50 has capped subsequent recovery Fri, daily bearish- ness remains n below 2643.80 would yield stronger retracement to 2624/2627, break, 2604.20 (Oct).
In view of abv analysis, trade fm short side for 2659.20 next as only a daily close abv 2675/2676 would risk gain back to 2689/2690, 2710/2711.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 2689.20 |
OBJECTIVE | : | 2659.20 |
STOP-LOSS | : | |
RESISTANCE | : | 2675.20/2689.30/2710.50 |
SUPPORT | : | 2652.90/2643.50/2638.20 |
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DAILY EUR/JPY CROSS OUTLOOK - +163.37+ |
Update Time:08 Nov 2024 17:04GMT Euro's intra-day sharp selloff n break of last Thur's low at 164.95 confirms rise fm 154.42 (Aug) has made a top at Oct's 3-month 166.69 peak n fur- ther weakness to 163.03/15 wud be seen but oversold condition shud keep price abv 162.79/88 today.
Trade fm short side for 163.37 next as only abv 164.45/50 indicates temp. low made, risks 165.00.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 165.37 |
OBJECTIVE | : | 163.37 |
STOP-LOSS | : | |
RESISTANCE | : | 163.89/164.48/165.01 |
SUPPORT | : | 163.03/162.79/162.31 |
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INTRA-DAY EUR/JPY OUTLOOK - +164.37+ |
Update Time:08 Nov 2024 14:11GMT Euro's selloff fm 165.96 to 165.01 n intra-day break of last Thur's low at 164.95 signals decline fm Oct's 3-month peak at 166.69 has resumed n re- tracement to 164.25/30 wud be seen but reckon 163. 81/95 may hold on 1st testing, yield bounce.
Trade fm short side for 163.87 next as only abv 165.00/10 inicates temp. low made, risks 165.40/45.
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STRATEGY | : | +Stop profit+ |
POSITION | : | Short at 165.37 |
OBJECTIVE | : | |
STOP-LOSS | : | +164.37+ |
RESISTANCE | : | 165.01/165.42/166.11 |
SUPPORT | : | 163.81/163.66/163.44 |
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INTRA-DAY EUR/CHF OUTLOOK - +0.9445+ |
Update Time:02 Nov 2024 17:47GMT Euro's intra-day rally in Europe on soft Swiss Franc CPI n break of Wed's 2-week 0.9416 peak sig- nals nr term rise fm last Wed's 0.9333 low remains in force n gain to 0.9450 res wud be seen but abv is needed for re-test of Sep's 1-month 0.9508 peak.
Trade fm long side for 0.9445 next as only below 0.9390/95 risks weakness to 0.9370/75 b4 bounce.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 0.9390 |
OBJECTIVE | : | 0.9445 |
STOP-LOSS | : | |
RESISTANCE | : | 0.9450/0.9508/0.9517 |
SUPPORT | : | 0.9395/0.9371/0.9349 |
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INTRA-DAY EUR/GBP OUTLOOK - +0.8430+ |
Update Time:31 Oct 2024 15:04GMT Euro's impressive rally fm 0.8308 to a 2-week peak at 0.8376 in NY Wed signals LT decline has made a low at Oct's 29-month bottom at 0.8296 n abv 0.8380/88 wud yield stronger retracement to 0.8404/ 08 but 0.8434 res may hold on 1st testing.
Buy again on pullback to 0.8360 for 0.8410 next as only below 0.8330/40 risks weakness to 0.8310/20
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STRATEGY | : | +Target met+ |
POSITION | : | +Long at 0.8360+ |
OBJECTIVE | : | +0.8430+ |
STOP-LOSS | : | |
RESISTANCE | : | 0.8388/0.8408/0.8434 |
SUPPORT | : | 0.8357/0.8317/0.8296 |
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DAILY EUR/GBP CROSS OUTLOOK - +0.8430+ |
Update Time:31 Oct 2024 15:05GMT Despite euro's selloff to 0.8299 Tue, subsequent rally to a 2-week peak at 0.8376 in NY Wed signals LT decline has made a low at Oct's 29-month bottom at 0.8296 n stronger retracement to 0.8404/08 wud be seen but 0.8434 res shud hold on 1st testing.
Trade fm long side for 0.8405 next as only below 0.8315/20 dampens bullishness, risks 0.8296/99.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 0.8325 |
OBJECTIVE | : | +0.8430+ |
STOP-LOSS | : | |
RESISTANCE | : | 0.8388/0.8408/0.8434 |
SUPPORT | : | 0.8317/0.8296/0.8272 |
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INTRA-DAY GBP/USD OUTLOOK - +1.2960+ |
Update Time:31 Oct 2024 01:55GMT As 1.3043 has capped recovery fm y'day's 1.2937 low, suggesting correction has ended n below 1.2955 /60 wud yield re-test of said sup, where break wud head twds last Wed's 2-month bottom of 1.2908, be- low extends downtrend to 1.2870/80 b4 rebound.
Trade fm short side for 1.2960 n only abv 1.3015 /20 risks gain back to 1.3043, abv, 1.3070/80.
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STRATEGY | : | +Target met+ |
POSITION | : | +Short at 1.3035+ |
OBJECTIVE | : | +1.2960+ |
STOP-LOSS | : | |
RESISTANCE | : | 1.2986/1.3019/1.3043 |
SUPPORT | : | 1.2960/1.2937/1.2908 |
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INTRA-DAY EUR/GBP OUTLOOK - +0.8375+ |
Update Time:31 Oct 2024 02:23GMT Euro's selloff fm 0.8340 to 0.8299 in NY Tue signals correction fm Oct's 29-month bottom at 0.8296 has possibly ended at 0.8352 n subsequent bounce wud yield consolidation b4 re-test of said sup is seen, break extends to 0.8270/75 later.
Turn cautious seller to 0.8330 for 0.8270 next as only abv 0.8352/55 risks gain to 0.8380/85.
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STRATEGY | : | +Target met+ |
POSITION | : | +Long at 0.8325+ |
OBJECTIVE | : | +0.8375+ |
STOP-LOSS | : | |
RESISTANCE | : | 0.8369/0.8385/0.8404 |
SUPPORT | : | 0.8317/0.8296/0.8272 |
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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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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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