: Daily Technical Analysis Report 23/October/2015

Daily Analysis Report

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

Friday, October 23, 2015

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Dhruv Williams, 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**

Pair High LowTrend

Index

GBPUSD 1.5418 1.5374 Bearish

EURUSD 1.1139 1.1071 Bearish

USDJPY 120.99 120.21 Bearish

AUDUSD 0.7296 0.7196 Bullish

USDCAD 1.3111 1.3038 Bearish

NZDUSD 0.6865 0.6778 Bearish

EURJPY 134.268 133.466 Bearish

USDCHF 0.9764 0.971 Bullish

GBPJPY 186.2 185.2 Bullish

EURGBP 0.7232 0.7194 Bearish

GMT – (11.00 to 12.00) (H1 Chart)

Trend Analysis: Daily Traders Investment Portfolio:

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

Friday, October 23, 2015

FX Majors -(40%)

Precious Metals -

(15%)

Global Indices-(10%)

Energies - (15%)

US Stocks -(20%)

"Bearish"

1) EUR/USD:

Inspite of slight improvement in the economy, the currency pair #EUR/USD is still

looking bearish as there were some mixed announcements in the EUROZONE (France &

German Flash Manufacturing PMI), it has witnessed the bearish trend while today in the

intraday trading chart the currency pair has ranging between the certain levels of

1.1128 and 1.1108 today, any kind of penetration then the market will plunge below

these levels will push the market further on the consolidation level. Where breaking the

1.1103 Support level will extend the bearish correction to reach 1.1083 levels initial, as

in case breaking the previous level.

Since, the Bearish 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.

Friday, October 23, 2015

FX Majors

Today’s

Trend:

Weekly

Trend:

Support

Level:S1- 1.1030 S2- 1.1073

Resistance

Level:

R1-

1.1634

R2-

1.1346

"Bearish"

From the past few day the currency pair is consitently rising Today in the Early morning

the market shows the bearish trend the market has again came into force. As the

currency pair is currently traded at 120.28

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

if market consistently falls in the range of 120.47/120.35, as they would expect a price

correction trend toward 120.58. 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.

Support

Level:S1- 120.47

S2 -

120.39

Resistance

Level:

R1 -

120.35

R2-

120.27

Today’s

Trend:

Weekly

Trend:

Friday, October 23, 2015

FX Majors

2) USD/JPY:

"Bearish"

FX Majors

3) GBP/USD:

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

seem as though US Dollar $ again rosed suggesting the bad news for EURO sterling. The

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

of 1.5398. The overnight breach of the key reaction low at 1.5401 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 o f lower highs is being formed.

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

whilst the old support around 1.5410 is now being formed while the resistance at

1.5347. Any rally now into the band $1.53/$1.54 looks to be a slightly bullish

opportunity.

Support

Level:S1- 1.5410

Today’s

Trend:

Weekly

Trend:

S2- 1.5403

Resistance

Level:

R1 -

1.5347

R2 -

1.5399

Friday, October 23, 2015

"Bullish"

Today, the currency pair has shown as a strong bullish trend, the correction shows A

little real sign of any selling pressure, but however it can be clearly observed as one of

the important band of support once again forming around the ($0.7285). While the

sequence at $0.7280 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. "BEST Currency for

today"

Support

Level:S1: 0.7295 S2: 0.7251

Resistance

Level:R1: 0.7281

R2:

0.7275

Today’s

Trend:

Weekly

Trend:

Friday, October 23, 2015

FX Majors

4) AUD/USD:

"Bullish"

Weekly

Trend:

Resistance

Level:

5) USD/CHF:

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 0.9730/0.9720 that is unexpectedly much lower for the

week . The pair doesnt shows a clear trend in the short term. Today the trend is

unexpectedly showing a higher trend than expected while the market seems to be in

right phase as from past couple of days as it has garnered the strong bullish trend today

Hence for to day, Our Analyst Team predicts the bulliish trend on this currency pair.

Support

Level:S1-0.9729 S2- 0.9724

Today’s

Trend:

Friday, October 23, 2015

FX Majors

"Bullish"

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 1.3058 this week’s highlight Canada

economy doesn’t shows any positive signs of progress or improvement as its has Even

today shown the negative CPI. 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 1.3074 has been broken. Hourly support

is given at 1.3111. Stronger support can be found at 1.3042. While we

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

downward momentum

Support

Level:S1- 1.1304

S2 -

1.3078

Resistance

Level:

R1-

1.1297

R2-

1.3316

Today’s

Trend:

Weekly

Trend:

Friday, October 23, 2015

FX Majors

6) USD/CAD:

Source: Seven Star FX Research Center, Investing.com

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 $45.27 .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 $45.82.

Price Outlook:

Current Price Change %Change Next Contract

Dec-150.29%0.1445.22

Weekly

Trend:

Resistance

Level:

Crude Oil:

Support

Level:

Today’s

Trend:

Friday, October 23, 2015

Energy

"Bullish"

In today’s intraday session the price momentum has shown a better market movement

has shown the rising trend, The Gold prices have rise with a change of 0.58% against the

US dollar and today technical buying continued to weigh on the market. Today The

XAU/USD pair has rose to level of $1178.35, 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 1176.80, there is a significant amount of support in the

proximity of 1181 so it may remain intact before any main event of the day.

We generally think that the gold prices might towards the 1174- 1180

Support

Level:

Resistance

Level:

Today’s

Trend:

Weekly

Trend:

Friday, October 23, 2015

Metals

Gold:

"Bullish"

Weekly

Trend:

Resistance

Level:

Dow Jones:

Yesterday, The market has marginally rised to a high level forming a new high at 17,489

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 70.23 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.

Support

Level:

Today’s

Trend:

Friday, October 23, 2015

Global Indices

4 Netflix Inc. Down Trend 41.87 B

5 Amazon.com, Inc. Up Trend 259.9 B

1 Goldman Sachs group Inc. Up Trend 77.09 B

2 Apple Inc. Up Trend 648.3 B

3 Facebook, Inc. Up Trend 273.6 B

Sr No. Company Trend Market Cap

Friday, October 23, 2015

USA Stocks

Top 5 Recommendations:

6.3 4.8 2.1 3.75.7 4.7 2 3.24.9 4.2 2 2.8

Energies

& Spot

Metals

Fixed

Income

Global

Markets

(Indices)

Economic Outlook

FX Spot

(Currenci

es)

Current Assessment Expectations

Business Climate

Friday, October 23, 2015

Economic Outlook: 2015

0

1

2

3

4

5

6

7

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

Economic Outlook

Business Climate Expectations Current Assessment

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it. All the information and research provided by Seven Star FX 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 our analyst team which only review their personal recommendations about any and all of the subject

recommendation & are presented to best of their 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 responsibility.

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Friday, October 23, 2015

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