Daily Technical Analysis Report 20/October/2015

1

Tuesday, October 20, 2015

A MACRO COMMENTARY ON FX, GLOBAL INDICES, METALS & USA STOCKS

Analyst (FX, Global Markets & OTC

Derivatives)

(+1) 316 413 3777

[email protected]

Macro Commentary: A Macro Economic Analysis on FX Majors, Energies, Metals, Global Indices & Stocks. The Insights May

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GMT (10.00 to 11.00) (H1 Chart)

Pair High Low Trend Index

GBP/USD 1.5505 1.5460 Bullish

EUR/USD 1.1386 1.1323 Bullish

USD/JPY 119.78 119.40 Bearish

AUD/USD 0.7296 0.7240 Bullish

USD/CAD 1.3049 1.2986 Bearish

NZD/USD 0.6846 0.6789 Bullish

EUR/JPY 136.225 135.254 Bullish

USD/CHF 0.9566 0.9493 Bearish

GBP/JPY 185.59 184.70 Bullish

EUR/GBP 0.7356 0.7312 Bullish


FX Majors -(40%)

Precious Metals -

(15%)

Global Indices-(10%)

Energies - (15%)

US Stocks -(20%)

Support Level: S1- 1.1334 S2- 1.1368

Resistance Level:

R1- 1.1372 R2- 1.1381

Todays Trend:

Weekly Trend: Up-trend

Tuesday, October 20, 2015 day, October 12, 2015

On the previous day, the currency pair #EUR/USD is looking much on

American session looks slightly bearish as there were no major

announcements for USD currency except there is one major

announcement (Governor BoE speech), it has witnessed the bullish trend

while today in the intraday trading chart the currency pair has ranging

between the certain levels of 1.1372 and 1.1380 today, any kind of

penetration in the market from any of the below levels which will push the

market further on the consolidation level. Where breaking the 1.1334

Support level will extend the bearish correction to reach 1.1368 levels

initial, as in case breaking the previous level.

Since, the Bullish scenario would be confirmed by the breaking the 1.1346

rate on the short-term, crossing this level would push market toward

1.1363 / 1.13773 respectively.

Bullish

Support Level: S1- 119.68 S2- 119.53

Resistance Level:

R1- 119.47 R2- 119.38

Todays Trend:



Today in the Early morning the market doesnt shows in the consolidation

pattern; the market has again came into force. As the currency pair is

currently traded at 119.40

The Market today would pursue the bearish player to go short for this

moment of time if market consistently falls in the range of 119.50/119.30, as

they would expect a price correction trend toward 119.43. The price keeps

mostly fluctuating between the certain levels that represent the 119.59

support and 119.25 Resistance, and will lead the price to regain its main

bearish track that its main targets.

Bearish

Support Level: S1- 1.5496 S2- 1.5502

Resistance Level:

R1- 1.5464 R2- 1.5473

Todays Trend:

Weekly Trend: Up-Trend


From past few weeks the EURO economy, the Currency pair GBP/USD certainly

seem as though US Dollar $ fall suggesting the good news for EURO sterling.

The sharp bullish trend today which has seen the outlook more predictive at

the price level of 1.5485. The overnight breach of the key reaction low at

1.5453 looks to be confirming while the dollar has been decreasing for a while.

The uptrend mark has now been broken and a close around ($1.54) today

would now confirm that a new sequence of lower highs is being formed.

The intraday hourly chart shows all moving averages is moving in the bullish

trend, whilst the old support around 1.5496 is now being formed while the

resistance at 1.5473. Any rally now into the band $1.54/$1.55 looks to be a

slightly bullish opportunity.

Bullish

Support Level: S1- 0.7290 S2- 0.7283

Resistance Level:

R1- 0.7256 R2- 0.7267

Todays Trend:



Today, RBA has declared they will not increase or decrease the rates has shown

the outlook showing a bullish trend, the correction shows A little real sign of any

selling pressure, but however it can be clearly observed as an important band of

support once again forming around the ($0.7285). While the sequence at $0.7290

that is again yet to be broken. Back then there was arguably a trend lines set up,

and while following a bullish day this is again a possibility today. However, from

our Analysis perspective the suggestion on the intraday chart that today AUD,

however there is clearly an important band of support once again forming around

the $0.7293 level.). Back then there was arguably a trend lines & three candlestick

set up, following a strong bullish day this is again a possibility today. .

The Best Currency for Today

Bullish

Support Level: S1- 0.9540 S2- 0.9512

Resistance

Level:

R1- 0.9500 R2- 0.9493

Todays Trend:

Weekly Trend: Down-trend


The currency Pair USD/CHF has again dropped to a low. While the US$ again

found support at the above mentioned level, rebounded or dominated and

moved sideways afterwards in the desired support level.

While currently it trades at 0.9499/0.9505 that is unexpectedly much lower for

the week. The pair seems to move downwards that shows a clear trend in the

short term. Today the trend is unexpectedly unbelievably going much lower than

expected while the market seems to be in right phase as from past couple of days

as it has garnered the bearish today

Hence for today, Our Analyst Team predicts the bearish trend on this currency

pair.

Bearish

Support Level: S1- 1.3034 S-1.3009

Resistance

Level:

R1- 1.3011 R2- 1.2994

Todays Trend:

Weekly Trend: Down-Trend


Even Today, both the chart shows Bearish trend after a week of failure for this

currency, as USD/CAD closed slightly below the level of 1.2990 this weeks

highlight Canada economy doesnt shows any positive signs of progress or

improvement as its has shown the negative Manufacturing report. Here is an

outlook on the major market-movers and an updated technical analysis for

USD/CAD.

USD/CAD is falling today. Hourly resistance at 1.2994 has been broken. Hourly

support is given at 1.3034. Stronger support can be found at 1.3009. While we

remain (bearish) on the pair today as long as the technical structure suggests a

downward momentum

Bearish

Support Level: - - -

Resistance

Level:

- - -

Todays Trend:



Today in intraday charting, the signals might suggested that the outlook on WTI

has slightly decreased but due to decreasing demand. But today it has resulted

in a general neutralising of the momentum indicators on both daily and intraday

charts. However, there is an argument now that there is a down trend forming

at $46.27 .This comes with a slight bearish Drift. Perhaps this could begin to put

pressure on the support levels, which the intraday hourly chart shows to be

initially at $476.00.

Price Outlook:

Current Price Change %Change Next Contract

46.27 -0.02 -0.04% NOV 15 Source: Seven Star FX Research Center, Investing.com

NOV 1

Support Level: - -

Resistance

Level:

- -

Todays Trend:



In todays intraday session the price momentum has shown very slow but however from

past one hour the market movement has shown the rising trend, The Gold prices have

rise with a change of 0.37% against the US dollar and today technical buying continued

to weigh on the market. Today The XAU/USD pair has rose to level of $1175.95, after a

breach of some key support levels triggered a huge buying trend. Gold price has

drastically come under renewed pressure in recent weeks, as market players seems to

be expecting bullish Trend.

From an intra-day perspective, Seven Star FX analysis believe the key levels to pay

attention will be 1173.40 and 1175.35, there is a significant amount of support in the

proximity of 1178 so it may remain intact before any main event of the day.

We generally think that the gold prices might towards the 1172- 1178

Slightly Bearish

Support Level: - - -

Resistance

Level:

- - -

Todays Trend:



Yesterday, The market has marginally rised to a high level forming a new high at 17,230

levels, which would push the trader to go for long position. While, the US good numbers

has made the impact on its index, while in that case it will again rise to a level of 17.5k

would be the target for that correction. During this weekend the index has jumped to

another higher level. The Economic GDP has risen, unemployment rates have

decreased, etc all this has contributed the positive level for US economy.

There will be one major announcement this week: Unemployment Claims that will

support the economy.

While the index has just increased to 14.57 points. Our analyst and research team

predicts the momentum will again having the bullish trend touching the rate of 17.5K in

the Month of Oct. From past weeks the Analyst are quite bullish.

Bullish

Sr No. Company Trend Market Cap:

1 Goldman Sachs group Inc. Up Trend 80.16 B

2 Apple Inc. Up Trend 633.2 B

3 Facebook, Inc. Up Trend 274.8 B

4 Netflix Inc. Up Trend 42.17 B

5 Amazon.com, Inc. Up Trend 267 B



FX Spot (Currencies) Energies & Spot Metals Fixed Income Global Markets(Indices)

Business Climate 5.2 6.3 3.8 4.3

Expectations 3.9 6.1 3.4 2.1

Current Assessment 3.5 2 2.5 1.8

5.2

6.3

3.8

4.3

3.9

6.1

3.4

2.1

3.5

2

2.5

1.8

ECONOMIC SCENARIO

Business Climate Expectations Current Assessment


This report is issued by Seven Star FX Limited, who is authorised and regulated by the Internal Financial Service Commission (IFSC) with Registration No: IFSC/60/211//TS/15. The

document is prepared and distributed for information and education purposes only. Seven Star FX (SSFX) is a congressionally authorized Forex broking organization of high repute. Its mission is to

provide innovative Forex programs and services that protect investors and ensure market integrity

It Does not Constitute any personal investment advice, nor it takes into consideration account the individual financial circumstances or objective of any of the clients who periodically receive it. All the

information and /research /provided by Seven Star FX Limited is intended to General use. It does not constitute a recommendation or offer to purchase or sale of any financial instrument in specific. All

the Suggestions or views within this report are solely and exclusively of the our analyst team which only reviews their Personal recommendation about any and all of the subject recommendation & are

presented to best of his knowledge. Any person relying to such report & undertaking the trading Decision does entirely at their own risk while Seven star FX ltd does not accept any such responsibilities

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Daily Technical Analysis Report 20/October/2015

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