Daily Technical Analysis Report 22/October/2015

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Thursday, October 22, 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 Helps you to Trade & it May helps you to put trading orders with profits** Seven Star FX Limited, is authorised and regulated by the Internal Financial Service Commission (IFSC), Belize Central America with Registration No: IFSC/60/211/TS/15 has a right to carry out whole range trading of FX & OTC products. Seven Star FX Ltd. is a leading online trading and investment specialist. Our trading platforms allow both professional traders who earn money by receiving short-term profit, as well as managers of investment funds, who strive to increase the share of overseas investment by using the advantages of foreign exchange trading. Seven Star FX Ltd serves both speculative and strategic traders. For more than a decade we have served the needs of Banks, Brokers, Asset Managers, Wealth Managers, Hedge Funds, Broker Dealers and other corporation for instant access to global financial markets. About Seven Star FX Limited

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Transcript of Daily Technical Analysis Report 22/October/2015

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Thursday, October 22, 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

Helps you to Trade & it May helps you to put trading orders with profits**

Seven Star FX Limited, is authorised and regulated by the Internal Financial Service Commission (IFSC), Belize Central America

with Registration No: IFSC/60/211/TS/15 has a right to carry out whole range trading of FX & OTC products. Seven Star FX Ltd. is

a leading online trading and investment specialist. Our trading platforms allow both professional traders who earn money by receiving

short-term profit, as well as managers of investment funds, who strive to increase the share of overseas investment by using the

advantages of foreign exchange trading. Seven Star FX Ltd serves both speculative and strategic traders. For more than a decade

we have served the needs of Banks, Brokers, Asset Managers, Wealth Managers, Hedge Funds, Broker Dealers and other

corporation for instant access to global financial markets.

About Seven Star FX Limited

Note** - The above Report is based on Personal Recommendation. Seven Star FX Ltd doesn’t accept any liability or guarantee of such

recommendation

GMT – (10.00 to 11.00) (H1 Chart)

Pair High Low Trend Index

GBP/USD 1.551 1.541 Bullish

EUR/USD 1.135 1.13 Bearish

USD/JPY 120 119.6 Bearish

AUD/USD 0.724 0.718 Bullish

USD/CAD 1.314 1.31 Bearish

NZD/USD 0.678 0.671 Bearish

EUR/JPY 136.1 135.3 Bearish

USD/CHF 0.964 0.958 Bullish

GBP/JPY 185.6 184.5 Bullish

EUR/GBP 0.736 0.7294 Bearish

Thursday, October 22, 2015

FX Majors -(40%)

Precious Metals -

(15%)

Global Indices-(10%)

Energies - (15%)

US Stocks -(20%)

Support Level: S1- 1.1309 S2- 1.1303

Resistance Level:

R1- 1.1348 R2- 1.1316

Today’s Trend:

Weekly Trend: Down- Trend

Thursday, October 22, 2015 day, October 12, 2015

Today, the currency pair is looking much weaker , the #EUR/USD witnessed

the bearish trend while today in the intraday trading chart the currency

pair has ranging between the certain levels of 1.1312 and 1.1303 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 1.1309 Support level will extend the bearish correction to reach 1.1304

levels initial, as in case breaking the previous level.

Since, the Bearish scenario would be confirmed by the breaking the 1.1309

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

1.1313 / 1.1309 respectively.

“Bearish”

Support Level: S1- 119.59 S2- 119.62

Resistance Level:

R1- 119.82 R2- 119.72

Today’s Trend:

Weekly Trend: Up- Trend

Thursday, October 22, 2015

In the Early morning the currency pair: USD/JPY has started in slightly bearish

consolidation pattern; the market has again came into force. As the

currency pair is currently traded at 119.76

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

moment of time if today the market falls in the range between

119.76/119.70, as they would expect a price correction trend toward 119.73.

The price keeps mostly fluctuating between the certain levels that represent

the 119.59 support and 119.82 Resistance, and will lead the price to regain

its main bearish track that its main targets.

Analyst View: “Most uncertain Today”

“Bearish”

Support Level: S1- 1.5452 S2- 1.5433 S3- 1.5540

Resistance Level:

R1- 1.5436 R2- 1.5447 -

Today’s Trend:

Weekly Trend: Up-Trend

Thursday, October 22, 2015

With the positivity grasping in Eurozone, the currency pair:

GBP/USD which certainly seem as though US Dollar $ fall. The

sharp bullish trend today which has seen the outlook more

predictive at the price level of 1.5470. The overnight breach of the

key reaction low at 1.5458 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 highs has been formed during the European

session

The intraday hourly chart shows all moving averages is moving in

the bullish trend, whilst the old support around 1.5540 is now

being formed while the resistance at 1.5447. Any rally now into

the band $1.54/$1.55 looks to be a slightly bullish opportunity.

“Best Currency for Today”

“Bullish”

Support Level: S1- 0.7290 S2- 0.7283

Resistance Level:

R1- 0.7256 R2- 0.7267

Today’s Trend:

Weekly Trend: Up- Trend

Thursday, October 22, 2015

After starting a day with bullish trend, (The US economy has been drastically while

the AUD has yesterday some better results) the correction shows no sign of any

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

support once again forming around the ($0.7223). While the sequence at $0.7230

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 $0.7223 level.). Back then there was arguably a trend lines & three candlestick

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

“Strong Trend lines showing bullish trend but however any currency pair against

the US dollar shown a different trend line during the American session time.

Hence for small and short term traders the European trading time always prove

beneficial while for the high networth & heavy traders the American Session

proves beneficial”

Research by: Seven Star FX Research Center

To know more about the time Zone: Please click on the link below: https://www.sevenstarfx.com/forex-tools/market-hours/

“Slightly Bullish”

Support Level: S1- 0.9601 S2- 0.9617

Resistance

Level:

R1- 0.9483 R2- 0.9472

Today’s Trend:

Weekly Trend: Up- Trend

Thursday, October 22, 2015

The currency Pair “USD/CHF” has rose to unexpected level. 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 0.9620/0.9615 that is marginally much higher for the

week. The pair seems to move upwards shows a clear trend in the short term.

The market seems to be in right phase as from past couple of days as it has

garnered the bullish even today the market is strongly Favouring the US economy

Hence even for today, Our Analyst Team predicts the bullish trend. According to

the Seven Star FX team, the currency pair: #USD/CHF is one of the best currency

pair for European traders.

“Bullish”

Support Level: S1- 1.3107 S-1.3116

Resistance

Level:

R1- 1.3127 R2- 1.3132

Today’s Trend:

Weekly Trend: Down-Trend

Thursday, October 22, 2015

Today, the currency pair USD/CAD doesn’t look in confirming phase as it is slightly

below the level of 1.3112 this week’s highlight Canada economy doesn’t shows

any positive signs of progress or improvement. Yesterday it was surrounded with

three major events.

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 1.3113 has been broken. Hourly

support is given at 1.3097. Stronger support can be found at 1.3132. While we

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

downward momentum

“Bearish”

Support Level: - - -

Resistance

Level:

- - -

Today’s Trend:

Weekly Trend: Up-Trend

Thursday, October 22, 2015

During the past few weeks the signals might suggested that the outlook on WTI

has increased but to level bringing the optimistic news for the traders and retail

sellers. Even today it has resulted in rising momentum indicators on both daily

and intraday charts. However, there is an argument now that there is a down

trend forming at $45.81 .This comes with a slight bullish Drift. Perhaps this could

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

to be initially at $46.00.

Price Outlook:

Current Price Change %Change Next Contract

45.79 +0.55 +1.27% NOV 15 Source: Seven Star FX Research Center, Investing.com

Support Level: - -

Resistance

Level:

- -

Today’s Trend:

Weekly Trend: Up-Trend

Thursday, October 22, 2015

In intraday session today the price momentum has been shown a steady rise, The Gold

prices rose with a change of 0.06% against the US dollar and today technical selling

continued to weigh on the market. Today The XAU/USD pair has risen to level of

$1168.22, after a breach of some key support levels triggered a huge selling trend. Gold

price has drastically come under renewed pressure in recent weeks, as market players

seems to be expecting bearish Trend.

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

attention will be 1167.40 and 1171.20, there is a significant amount of support in the

proximity of 1180 so it may remain intact before any main event of the day.

We generally think that the support around 1172 today might have successful break

might drag gold prices towards the 1165- 1170

“Slightly Bearish”

Support Level: - - -

Resistance

Level:

- - -

Today’s Trend:

Weekly Trend: Down-Trend

Thursday, October 22, 2015

Yesterday, the market has marginally fall to a level at 17,168 levels, which would push

the trader to go for short 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.

While the index has major high yesterday (raised to almost 74 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 but

only for a shorter version and it has proved their theory right with this downfall.

“Bullish”

Sr No. Company Trend Market Cap:

1 Apple Inc. Down Trend 648.8 B

2 PepsiCo Inc. Down Trend 146.1 B

3 Tesla Motors, Inc. Down Trend 27.65 B

4 Facebook Inc. Up Trend 273.3 B

5 Amazon.com, Inc. Down Trend 262.3 B

Thursday, October 22, 2015

Thursday, October 22, 2015

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

Thursday, October 22, 2015

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