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Our Recommended Trades
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| INTRA-DAY USD/JPY OUTOOK - +139.95+ |
|
| Update
Time: |
02 Jun 2023 17:41GMT |
INTRA-DAY USD/JPY OUTOOK - +139.95+
Dlr's rally fm 138.75 in post-NFP signals early
correction fm last Thur's 6-month peak at 140.93
has ended at 138.43 y'day n upside bias remains for
gain twds 139.95/00, however, o/bot condition may
keep price below res 140.40 today.
Trade fm long side for this move n only below
138.61 wud risk weakness twds 138.43.
|
| Rate: |
+139.95+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 139.45 |
| Objective: |
139.95 |
| Stop-Loss: |
|
| Resistance: |
139.94/140.40/140.59 |
| Support: |
138.61/138.43/138.01 |
|
|
| DAILY USD/SGD OUTLOOK - +1.3435+ |
|
| Update
Time: |
02 Jun 2023 08:58GMT |
DAILY USD/SGD OUTLOOK - +1.3435+
Intra-day selloff below 1.3469 (Thur) signals nr
term fall fm Wed's 2-1/2 month 1.3561 peak wud ex-
tend twd 1.3428 but break needed for 1.3395/97.
Trade fm short side for 1.3435 1st as only abv
1.3490/95 risks gain back twd 1.3530/35 later.
|
| Rate: |
+1.3435+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.3535 |
| Objective: |
1.3435 |
| Stop-Loss: |
Short at 1.3535 |
| Resistance: |
1.3494/1.3533/1.3561 |
| Support: |
1.3428/1.3397/1.3351 |
|
|
| WEEKLY USD/CAD OUTLOOK - +1.3415+ |
|
| Update
Time: |
02 Jun 2023 08:33GMT |
WEEKLY USD/CAD OUTLOOK - +1.3415+
Y'day's selloff fm 1.3585 signals choppy trading
inside 1.3302-1.3668 range wud continue n wud head
to 1.3405/15, break, 1.3363/66 b4 rebound.
Trade fm short side for 1.3415 n only abv 1.3485
/90 prolongs consolidation, 1.3530/35, 1.3560/65.
|
| Rate: |
+1.3415+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.3585 |
| Objective: |
1.3415 |
| Stop-Loss: |
Short at 1.3585 |
| Resistance: |
1.3485/1.3585/1.3668 |
| Support: |
1.3405/1.3363/1.3316 |
|
|
| WEEKLY SPOT SILVER OUTLOOK - +$ 23.90+ |
|
| Update
Time: |
02 Jun 2023 00:04GMT |
WEEKLY SPOT SILVER OUTLOOK - +$ 23.90+
Xag's rally to 23.61 Wed signals corrective fall
fm May's 1-year 26.13 peak has ended at 22.68 n
abv 24.20 yields stronger retracement twd 25.10/23.
Trade fm long side for 23.90 1st as only below
22.93 risks re-test of 22.68, break, 22.10/20.
|
| Rate: |
+$ 23.90+ |
| Strategy: |
+Target met+ |
| Position: |
+Long at 23.35+ |
| Objective: |
23.90 |
| Stop-Loss: |
+Long at 23.35+ |
| Resistance: |
23.92/24.20/25.23 |
| Support: |
22.93/22.68/22.16 |
|
|
| DAILY NZD/USD OUTLOOK - +0.6085+ |
|
| Update
Time: |
02 Jun 2023 03:00GMT |
DAILY NZD/USD OUTLOOK - +0.6085+
Nzd's rise fm Wed's 6-1/2 month 0.5986 low to
0.6077 y'day suggests bottom made n wud head to
0.6094/96, break, 0.6110/14 but 0.6142/45 may hold.
Trade fm long side for 0.6085 n only below 0.60
26/27 risks 0.6607/10, break, 0.5986/91 later.
|
| Rate: |
+0.6085+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 0.6005 |
| Objective: |
0.6085 |
| Stop-Loss: |
Long at 0.6005 |
| Resistance: |
0.6096/0.6114/0.6142 |
| Support: |
0.6052/0.6027/0.6007 |
|
|
| SPOT SILVER DAILY OUTLOOK - +$ 23.90+ |
|
| Update
Time: |
02 Jun 2023 02:36GMT |
SPOT SILVER DAILY OUTLOOK - +$ 23.90+
Y'day's break of 23.61 (Thur) to 23.92 in NY sig
nals nr term rise fm 22.68 (May) wud extend twd
24.01 but 24.20 shud hold on 1st testing.
Trade fm long side for 23.90 1st as only below
23.28 risks weakness twd 22.93, break, 22.68.
|
| Rate: |
+$ 23.90+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 23.35 |
| Objective: |
23.90 |
| Stop-Loss: |
Long at 23.35 |
| Resistance: |
24.01/24.27/24.48 |
| Support: |
23.28/22.93/22.68 |
|
|
| INTRA-DAY EUR/CHF OUTLOOK - +0.9760+ |
|
| Update
Time: |
01 Jun 2023 17:12GMT |
INTRA-DAY EUR/CHF OUTLOOK - +0.9760+
Euro's rally abv 0.9725 (Tue) to 0.9751 in NY
Wed signals recent erratic decline has made a temp.
low at Tue's 7-1/2 month bottom at 0.9673 n subse-
quent retreat wud yield consolidation b4 prospect
of another rise n abv 0.9762 wud head twd 0.9782.
Remain as cautious buyer for 0.9760 1st as only
below 0.9710 may risk re-test of 0.9673 later.
|
| Rate: |
+0.9760+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 0.9720 |
| Objective: |
0.9760 |
| Stop-Loss: |
|
| Resistance: |
0.9762/0.9782/0.9800 |
| Support: |
0.9710/0.9673/0.9644 |
|
|
| DAILY EUR/USD OUTLOOK - +1.0750+ |
|
| Update
Time: |
01 Jun 2023 16:03GMT |
DAILY EUR/USD OUTLOOK - +1.0750+
Euro's intra-day rally fm European sup at 1.0662
signals recent decline has made a temp. low at 1.06
32 y'day n consolidation with upside bias remains
for stronger retracement twds 1.0746/50, however,
1.0775/80 shud remain intact, yield retreat.
Trade fm long side for this move n only below
1.0659/62 wud risk weakness twds 1.0632.
|
| Rate: |
+1.0750+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 1.0670 |
| Objective: |
1.0750 |
| Stop-Loss: |
|
| Resistance: |
1.0746/1.0758/1.0801 |
| Support: |
1.0659/1.0632/1.0600 |
|
|
| DAILY USD/CAD OUTLOOK - +1.3505+ |
|
| Update
Time: |
01 Jun 2023 15:17GMT |
DAILY USD/CAD OUTLOOK - +1.3505+
Usd's fall fm 1.3651 Wed signals choppy swings
inside 1.3302-1.3668 broad range wud continue with
downside bias, below 1.3532/35, 1.3485/90 b4 up.
Remain as cautious seller for 1.3505 1st n only
abv 1.3610 wud risk gain twds 1.3651/55.
|
| Rate: |
+1.3505+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.3585 |
| Objective: |
1.3505 |
| Stop-Loss: |
Short at 1.3585 |
| Resistance: |
1.3610/1.3655/1.3668 |
| Support: |
1.3485/1.3437/1.3405 |
|
|
| INTRA-DAY AUD/USD OUTLOOK - +0.6545+ |
|
| Update
Time: |
01 Jun 2023 14:02GMT |
INTRA-DAY AUD/USD OUTLOOK - +0.6545+
Y'day's bounce fm a 6-1/2 month 0.6459 low on
usd's weakness suggests MT decline has possibly
made a temporary bottom, abv 0.6539 res wud add cre
dence to this view n heads to 0.6555/59, break wud
extend to 0.6585/87 b4 prospect of retreat.
Trade fm long side for 0.6545 n only below 0.64
70/75 risks 0.6459, below may yield 0.6415/20.
|
| Rate: |
+0.6545+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 0.6495 |
| Objective: |
0.6545 |
| Stop-Loss: |
|
| Resistance: |
0.6539/0.6559/0.6587 |
| Support: |
0.6485/0.6459/0.6437 |
|
|
| SPOT GOLD DAILY OUTLOOK - +$ 1974.00+ |
|
| Update
Time: |
01 Jun 2023 14:01GMT |
SPOT GOLD DAILY OUTLOOK - +$ 1974.00+
Gold's rally abv 1963.50 (Tue) to 1974.80 in NY
on falling US yields suggests erratic decline fm
record high at 2080.70 has made a temporary low at
1932.30 Mon n subsequent retreat would yield conso-
lidation b4 prospect of anoter rise but abv 1985/
1986 is needed to yield retracement twd 1993.00.
In view of abv analysis, remain as cautious buyer
for 1974.00 1st as only a daily close below 1952/
1953 indicates recovery over, risks 1936.90.
|
| Rate: |
+$ 1974.00+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 1958.50 |
| Objective: |
1974.00 |
| Stop-Loss: |
|
| Resistance: |
1974.80/1986.00/1993.00 |
| Support: |
1953.80/1936.90/1932.30 |
|
|
| DAILY GBP/USD OUTLOOK - +1.2500+ |
|
| Update
Time: |
01 Jun 2023 13:53GMT |
DAILY GBP/USD OUTLOOK - +1.2500+
Cable's intra-day rally abv Tue's high at 1.2447
signals corrective rise fm last Thur's 1-1/2 month
bottom at 1.2308 has once again resumed n further
gain twds 1.2510/20 wud be seen b4 prospect of a
much-needed retreat due to loss of momentum.
Trade fm long side for this move n only below
1.2400/05 wud risk weakness to 1.2373.
|
| Rate: |
+1.2500+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 1.2420 |
| Objective: |
1.2500 |
| Stop-Loss: |
|
| Resistance: |
1.2510/1.2546/1.2566 |
| Support: |
1.2450/1.2402/1.2373 |
|
|
| INTRA-DAY GBP/USD OUTLOOK - +1.2470+ |
|
| Update
Time: |
01 Jun 2023 11:05GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.2470+
Despite cable's intra-day brief break of Tue's
1.2447 high to 1.2450 in Aust. today, subsequent
retreat suggests temporary top is in place n pre-
sent bounce fm 1.2401 has retained bullish view for
re-test of 1.2450, break, 1.2470/72, then 1.2480/84
Remain as cautious buyer for 1.2470 n only below
1.2400/01 risks retrace. to 1.2370/75 b4 bounce.
|
| Rate: |
+1.2470+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 1.2420 |
| Objective: |
1.2470 |
| Stop-Loss: |
|
| Resistance: |
1.2450/1.2470/1.2484 |
| Support: |
1.2401/1.2373/1.2349 |
|
|
| DAILY USD/JPY OUTLOOK - +139.00+ |
|
| Update
Time: |
31 May 2023 23:41GMT |
DAILY USD/JPY OUTLOOK - +139.00+
Dlr's retreat after intra-day spike up to 140.40
in NY morning signals further choppy swings below
y'day's 6-month peak at 140.93 wud continue with
downside bias, below European sup at 139.32 is
needed to bring stronger retrace. to 139.00/05.
Remain as cautious seller for this move n only
abv 140.40 wud risk re-test of said top.
|
| Rate: |
+139.00+ |
| Strategy: |
+Target met+ |
| Position: |
+Short at 139.90+ |
| Objective: |
139.00 |
| Stop-Loss: |
|
| Resistance: |
139.52/139.93/140.10 |
| Support: |
138.83/138.24/138.01 |
|
|
| DAILY GBP/USD OUTLOOK - +1.2440+ |
|
| Update
Time: |
31 May 2023 23:33GMT |
DAILY GBP/USD OUTLOOK - +1.2440+
Cable's intra-day bounce fm 1.2349 in Europe to
1.2412 in NY signals further choppy swings abv last
Thur's 1-1/2 month 1.2308 bottom wud continue with
upside bias n abv 1.2447 (Tue) wud bring stronger
retracement twds 1.2469 b4 retreat.
Remain as cautious buyer for 1.2440 1st n only
below 1.2349 wud risk weakness twds 1.2328.
|
| Rate: |
+1.2440+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 1.2360 |
| Objective: |
1.2440 |
| Stop-Loss: |
|
| Resistance: |
1.2427/1.2447/1.2469 |
| Support: |
1.2349/1.2328/1.2308 |
|
|
| INTRA-DAY USD/JPY OUTOOK - +139.30+ |
|
| Update
Time: |
31 May 2023 18:09GMT |
INTRA-DAY USD/JPY OUTOOK - +139.30+
Despite a brief spike up to 140.40 in NY morning
, subsequent retreat signals recovery fm European
sup at 139.32 has ended there n consolidation with
downside bias remains for a re-test of said sup,
break wud extend recent decline to 139.19.
Trade fm short side for this move n only abv 140
.05 wud risk gain twds 140.40.
|
| Rate: |
+139.30+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 139.80 |
| Objective: |
139.30 |
| Stop-Loss: |
|
| Resistance: |
140.05/140.40/140.61 |
| Support: |
139.32/139.19/138.83 |
|
|
| INTRA-DAY GBP/USD OUTLOOK - +1.2410+ |
|
| Update
Time: |
31 May 2023 14:27GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.2410+
Although y'day's fall fm 1.2447 (Reuters) sug-
gests corrective upmove fm last Thur's 1-1/2 month
1.2308 low has made a temporary top n consolidation
wud be seen b4 prospect of another rise, abv 1.2395
/00 yields 1.2426 (Asia), then 1.2447 again.
Remain as cautious buyer for 1.2410 n only below
1.2322/28 risks re-test of 1.2308, break, 1.2275/80
|
| Rate: |
+1.2410+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 1.2360 |
| Objective: |
1.2410 |
| Stop-Loss: |
|
| Resistance: |
1.2399/1.2426/1.2447 |
| Support: |
1.2328/1.2308/1.2275 |
|
|
| INTRA-DAY EUR/USD OUTLOOK - +1.0645+ |
|
| Update
Time: |
31 May 2023 16:21GMT |
INTRA-DAY EUR/USD OUTLOOK - +1.0645+
As euro has fallen after y'day's rise fm a fresh
2-month 1.0673 low to 1.0746, suggesting recent de-
cline has resumed n weakness to 1.0632/35 wud be
seen after consolidation, however, oversold condi-
tion is likely to keep price abv 1.0595/00 today.
Sell on pullback to 1.0695 for 1.0645 n only abv
1.0715/20 risks gain back to 1.0743/46, 1.0758/61.
|
| Rate: |
+1.0645+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.0695 |
| Objective: |
1.0645 |
| Stop-Loss: |
|
| Resistance: |
1.0701/1.0746/1.0758 |
| Support: |
1.0632/1.0600/1.0574 |
|
|
| WEEKLY EUR/USD OUTLOOK - +1.0670+ |
|
| Update
Time: |
31 May 2023 08:30GMT |
WEEKLY EUR/USD OUTLOOK - +1.0670+
Despite euro's bounce fm last Fri's 1.0761 low
to 1.0831 Mon, subsequent fall suggests recovery
has ended n recent decline fm Apr's 1-year 1.1095
peak would extend to 1.0655/665 after consolida-
tion, however, anticipated loss of downward momen-
tum should keep price abv 1.0632/35, yield bounce.
Trade fm short side for 1.0670 next n only abv
1.0846/49 risks stronger retracement to 1.0900/04
but 1.0942/48 should cap upside, yield retreat.
|
| Rate: |
+1.0670+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.0870 |
| Objective: |
1.0670 |
| Stop-Loss: |
|
| Resistance: |
1.0758/1.0801/1.0831 |
| Support: |
1.0658/1.0613/1.0552 |
|
|
| DAILY AUD/JPY CROSS OUTLOOK - +90.60+ |
|
| Update
Time: |
31 May 2023 05:39GMT |
DAILY AUD/JPY CROSS OUTLOOK - +90.60+
Y'day's selloff fm 91.94 to as low as 90.90 (NY)
suggests re-test of 90.77 sup wud be seen, break
wud extend decline fm 92.35 twd 90.50/55 later.
Trade fm short side for 90.60 1st as only abv
91.40 risks stronger retracement twd 92.00.
|
| Rate: |
+90.60+ |
| Strategy: |
+Target met+ |
| Position: |
+Short at 91.30+ |
| Objective: |
90.60 |
| Stop-Loss: |
+Short at 91.30+ |
| Resistance: |
90.90/91.40/91.60 |
| Support: |
90.54/89.95/89.59 |
|
|
| DAILY NZD/USD OUTLOOK - +0.6005+ |
|
| Update
Time: |
31 May 2023 03:58GMT |
DAILY NZD/USD OUTLOOK - +0.6005+
Intra-day selloff below Tue's 6-1./2 month low
at 0.6026 signals recent erratic decline wud extend
twd 0.6000 b4 bounce due to loss of momentum.
Trade fm short side for this move as only abv
0.6066/71 risks stronger retracement twd 0.6096.
|
| Rate: |
+0.6005+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.6075 |
| Objective: |
0.6005 |
| Stop-Loss: |
Short at 0.6075 |
| Resistance: |
0.6049/0.6071/0.6096 |
| Support: |
0.6000/0.5978/0.5936 |
|
|
| DAILY EUR/GBP CROSS OUTLOOK - +0.8630+ |
|
| Update
Time: |
30 May 2023 13:36GMT |
DAILY EUR/GBP CROSS OUTLOOK - +0.8630+
Although euro has risen after last Wed's fall to
a 5-month low of 0.8649, as 0.8710 has capped reco-
very, consolidation with downside bias remains n
intra-day break of 0.8666 sup wud re-test 0.8649,
break would extend MT decline to 0.8615/20 later.
Trade fm short side for 0.8630 n only abv 0.8710
risks gain to 0.8730/34, then 0.8746/50 later.
|
| Rate: |
+0.8630+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.8690 |
| Objective: |
0.8630 |
| Stop-Loss: |
|
| Resistance: |
0.8673/0.8710/0.8734 |
| Support: |
0.8592/0.8577/0.8548 |
|
|
| INTRA-DAY EUR/USD OUTLOOK - +1.0684+ |
|
| Update
Time: |
30 May 2023 05:26GMT |
INTRA-DAY EUR/USD OUTLOOK - +1.0684+
Y'day's fall fm 1.0743 to 1.0706, then 1.0702 in
Asia today suggests recovery fm Fri's fresh 2-month
1.0701 low has ended n recent decline wud extend to
1.0664/68 after consolidation, but 1.0632/35 may
hold today due to loss of downward momentum.
Trade fm short side for 1.0684 n only abv 1.0743
signals low made, 1.0758/61, break, 1.0796/01.
|
| Rate: |
+1.0684+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.0734 |
| Objective: |
1.0684 |
| Stop-Loss: |
|
| Resistance: |
1.0743/1.0758/1.0801 |
| Support: |
1.0664/1.0632/1.0600 |
|
|
| SPOT GOLD DAILY OUTLOOK - +$ 1937.00+ |
|
| Update
Time: |
30 May 2023 05:20GMT |
SPOT GOLD DAILY OUTLOOK - +$ 1937.00+
Although gold's rise fm Fri's 2-month 1936.90
low suggests recent decline fm May's record high of
2080.70 has made a temporary low, as 1957.10 has
capped upside, downside bias remains for downtrend
to resume n extend to 1934.40 sup, but break needed
for weakness to 1918/1920 b4 prospect of rebound.
Trade fm short side for 1937.00 after consolida-
tion n only abv 1951/1952 prolongs choppy sideways
swings, risks gain to 1957.10, break, 1963/1965.
|
| Rate: |
+$ 1937.00+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1952.00 |
| Objective: |
1937.00 |
| Stop-Loss: |
|
| Resistance: |
1957.10/1965.50/1986.00 |
| Support: |
1934.40/1918.50/1907.60 |
|
|
| INTRA-DAY EUR/GBP OUTLOOK - +0.8665+ |
|
| Update
Time: |
30 May 2023 00:57GMT |
INTRA-DAY EUR/GBP OUTLOOK - +0.8665+
As euro has fallen after double-top formation at
0.8710, suggesting recovery fm last Wed's 5-month
0.8649 low has possibly ended, below 0.8662/66 wud
add credence to this view n bring re-test of 0.8649
, where break extends decline to 0.8615/20 later.
Trade fm short side for 0.8665 1st n only abv
0.8710 risks 0.8718/20, abv, 0.8740/46.
|
| Rate: |
+0.8665+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.8705 |
| Objective: |
0.8665 |
| Stop-Loss: |
|
| Resistance: |
0.8694/0.8710/0.8734 |
| Support: |
0.8662/0.8649/0.8617 |
|
|
| INTRA-DAY EUR/CHF OUTLOOK - +0.9680+ |
|
| Update
Time: |
29 May 2023 11:20GMT |
INTRA-DAY EUR/CHF OUTLOOK - +0.9680+
Intra-day break of Fri's 0.9688 low suggests re-
test of last Mon's 7-month 0.9678 bottom wud be
seen after consolidation, break extends MT decline
marginally to 0.9644/50, which shud hold n yield
rebound later due to loss of downward momentum.
Trade fm short side for 0.9680 n only abv 0.9717
/21 risks 0.9730/33, then 0.9751 (Wed).
|
| Rate: |
+0.9680+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.9720 |
| Objective: |
0.9680 |
| Stop-Loss: |
|
| Resistance: |
0.9717/0.9733/0.9751 |
| Support: |
0.9678/0.9644/0.9591 |
|
|
| WEEKLY EUR/JPY CROSS OUTLOOK - +150.85+ |
|
| Update
Time: |
28 May 2023 23:17GMT |
WEEKLY EUR/JPY CROSS OUTLOOK - +150.85+
Although euro's retreat after resumption of up-
move fm May's 146.14 low to 150.05 in Asia today
suggests minor temporary top is made n retracement
to 148.84 (50% r of 147.62-150.05) would be likely
b4 prospect of another rise to 150.90/00 but May's
14-1/2 year 151.61 peak should hold initially.
Buy on dips to 148.85 for 150.85 after consolida
tion n only below 148.45/50 risks weakness to 148.
00/10 but 147.62/65 would contain downside.
|
| Rate: |
+150.85+ |
| Strategy: |
+Target met+ |
| Position: |
+Long at 148.85+ |
| Objective: |
150.85 |
| Stop-Loss: |
|
| Resistance: |
151.07/151.61/152.01 |
| Support: |
150.31/149.80/148.85 |
|
|
| WEEKLY GBP/JPY CROSS OUTLOOK - +173.10+ |
|
| Update
Time: |
28 May 2023 23:17GMT |
WEEKLY GBP/JPY CROSS OUTLOOK - +173.10+
Stg's rally to a fresh 7-year peak at 172.79 Wed
suggests LT upmove has once again resumed but loss
of momentum shud cap price below 173.20/30.
Trade fm long side for this move as only below
171.20 signals temp. top n risks 170.10/20.
|
| Rate: |
+173.10+ |
| Strategy: |
+Target met+ |
| Position: |
+Long at 171.60+ |
| Objective: |
173.10 |
| Stop-Loss: |
+Long at 171.60+ |
| Resistance: |
172.79/173.27/173.72 |
| Support: |
171.20/170.14/169.41 |
|
|
| INTRA-DAY GBP/USD OUTLOOK - +1.2327+ |
|
| Update
Time: |
26 May 2023 14:45GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.2327+
Cable's intra-day selloff fm 1.2395 signals the
recovery fm y'day's 1-1/2 month bottom at 1.2308
has ended there n consolidation with downside bias
remains for a re-test of said sup, break wud extend
recent decline twds 1.2297/00 later.
Remain as cautious seller for 1.2327 1st n only
abv 1.2395 wud risk stronger retracement twd 1.2414
|
| Rate: |
+1.2327+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.2377 |
| Objective: |
1.2327 |
| Stop-Loss: |
|
| Resistance: |
1.2395/1.2414/1.2436 |
| Support: |
1.2308/1.2297/1.2250 |
|
|
| DAILY EUR/JPY CROSS OUTLOOK - +150.55+ |
|
| Update
Time: |
26 May 2023 12:45GMT |
DAILY EUR/JPY CROSS OUTLOOK - +150.55+
Although euro's rally abv 150.05 (Tue) to a 3-wk
peak at 150.31 in tandem with US yields in NY Thur
signals recent erratic upmove remains in force n
gain twd 150.60/65 wud be seen, reckon 150.80/85
wud hold n yield retreat due to loss of momentum.
Turn cautious buyer to 149.85 for 150.55 1st as
only below 149.30 risks strg retracement twd 149.08
|
| Rate: |
+150.55+ |
| Strategy: |
+Target met+ |
| Position: |
+Long at 149.85+ |
| Objective: |
+150.55+ |
| Stop-Loss: |
|
| Resistance: |
150.31/150.64/150.82 |
| Support: |
149.30/149.08/148.72 |
|
|
| INTRA-DAY EUR/JPY OUTLOOK - +150.35+ |
|
| Update
Time: |
26 May 2023 12:33GMT |
INTRA-DAY EUR/JPY OUTLOOK - +150.35+
Euro's retreat after y'day's rally abv 150.05
(Tue) to a 3-week peak at 150.31 in NY in tandem q
with US yields suggests recent erratic upmove wud
extend twd 150.60/65 but reckon 150.80/85 shud hold
n yield correction due to loss of mometum.
Turn cautious buyer to 149.85 for 150.35 1st as
only below 149.30 risks retracement twd 148.85.
|
| Rate: |
+150.35+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 149.85 |
| Objective: |
150.35 |
| Stop-Loss: |
|
| Resistance: |
150.31/150.64/150.82 |
| Support: |
149.30/148.85/148.72 |
|
|
| INTRA-DAY USD/JPY OUTOOK - +140.25+ |
|
| Update
Time: |
26 May 2023 12:42GMT |
INTRA-DAY USD/JPY OUTOOK - +140.25+
DLr's current rally after release of US data n
break abv y'day's fresh 6-month peak at 140.22 sig
nals MT upmove remains in progress n further gain
twds 140.45/50 wud be seen b4 prospect of a much-
needed correction due to loss of momentum.
Trade fm long side for this move n only below
139.70 wud risk weakness twds 139.40/50.
|
| Rate: |
+140.25+ |
| Strategy: |
+Target met+ |
| Position: |
+Long at 139.75+ |
| Objective: |
140.25 |
| Stop-Loss: |
|
| Resistance: |
140.36/140.67/141.00 |
| Support: |
139.70/139.19/138.83 |
|
|
| DAILY USD/SGD OUTLOOK - +1.3545+ |
|
| Update
Time: |
25 May 2023 23:24GMT |
DAILY USD/SGD OUTLOOK - +1.3545+
Intra-day rally abv y'day's fresh 2-month peak
at 1.3501 signals recent upmove wud head twd 1.3550
b4 prospect of correction due to loss of momentum.
Trade fm long side for this move as only below
1.3485/90 risks stronger retracement to 1.3450/55.
|
| Rate: |
+1.3545+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 1.3445 |
| Objective: |
1.3545 |
| Stop-Loss: |
Long at 1.3445 |
| Resistance: |
1.3576/1.3609/1.3650 |
| Support: |
1.3488/1.3453/1.3428 |
|
|
| DAILY USD/JPY OUTLOOK - +140.20+ |
|
| Update
Time: |
25 May 2023 23:16GMT |
DAILY USD/JPY OUTLOOK - +140.20+
Dlr's intra-day firm break abv y'day's 5-1/2
month peak at 139.47 signals recent erratic upmove
remains in progress n further gain twds 140.20/30
wud be seen after consolidation, however, loss of
momentum wud keep price below 140.36/40.
Trade fm long side for this move n only below
139.27 wud risk weakness to 138.83.
|
| Rate: |
+140.20+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 139.40 |
| Objective: |
140.20 |
| Stop-Loss: |
|
| Resistance: |
139.89/140.36/140.82 |
| Support: |
139.27/138.83/138.24 |
|
|
| INTRA-DAY USD/JPY OUTOOK - +140.00+ |
|
| Update
Time: |
25 May 2023 23:15GMT |
INTRA-DAY USD/JPY OUTOOK - +140.00+
Dlr's current rise abv Asian 6-month peak at
139.70 on usd's strength signals MT upmove remains
in progress n further gain twds 140.10/15 wud be
seen after consolidation, however, o/bot condition
wud keep price below 140.36/40.
Trade fm long side for this move n only below
139.19 wud risk stronger weakness to 138.83.
|
| Rate: |
+140.00+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 139.50 |
| Objective: |
140.00 |
| Stop-Loss: |
|
| Resistance: |
140.06/140.36/140.50 |
| Support: |
139.19/138.83/138.47 |
|
|
| INTRA-DAY GBP/USD OUTLOOK - +1.2320+ |
|
| Update
Time: |
25 May 2023 15:55GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.2320+
Cable's fall in Europe n current break below
Asian sup at 1.2332 signals decline fm May's 1-year
peak at 1.2679 remains in progress n further weak-
ness twds 1.2297/00 wud be seen, however, loss of
momentum wud keep price abv 1.2250.
Trade fm short side for this move n only abv
1.2386 wud risk stronger retrace. to 1.2414.
|
| Rate: |
+1.2320+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.2370 |
| Objective: |
1.2320 |
| Stop-Loss: |
|
| Resistance: |
1.2386/1.2414/1.2446 |
| Support: |
1.2312/1.2297/1.2250 |
|
|
| SPOT SILVER DAILY OUTLOOK - +$ 23.00+ |
|
| Update
Time: |
25 May 2023 01:17GMT |
SPOT SILVER DAILY OUTLOOK - +$ 23.00+
Xag's retreat fm 24.01 (Fri) suggests recovery
fm Thu's 1-1/2 mth 23.33 low possibly ended n below
wud extend fall fm 26.13 (May) twd 23.05, 22.80/85.
Trade fm short side for this move as only abv
23.65/70 may risk gain twd 24.20 later.
|
| Rate: |
+$ 23.00+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 23.50 |
| Objective: |
23.00 |
| Stop-Loss: |
Short at 23.50 |
| Resistance: |
23.66/24.01/24.20 |
| Support: |
23.05/22.83/22.50 |
|
|
| WEEKLY NZD/USD OUTLOOK - +0.6099+ |
|
| Update
Time: |
25 May 2023 00:12GMT |
WEEKLY NZD/USD OUTLOOK - +0.6099+
Wed's selloff after RBNZ's expected rate hike n
then break of Apr's 0.6112 low suggests re-test of
Mar's 0.6085 bottom wud be seen, 0.6000/10 wud hold
Trade fm short side for 0.6099 next n only abv
0.6256/63 indicates low made, risks 0.6302/05.
|
| Rate: |
+0.6099+ |
| Strategy: |
+Target met+ |
| Position: |
+Short at 0.6269+ |
| Objective: |
0.6099 |
| Stop-Loss: |
+Short at 0.6269+ |
| Resistance: |
0.6235/0.6263/0.6305 |
| Support: |
0.6085/0.6000/0.5980 |
|
|
| WEEKLY AUD/USD OUTLOOK - +0.6537+ |
|
| Update
Time: |
25 May 2023 00:06GMT |
WEEKLY AUD/USD OUTLOOK - +0.6537+
Despite aud's erratic rise fm Mar's 0.6565 low
to a 2-month 0.6818 high in May, subsequent selloff
on usd's broad-based strength to 0.6605 last Thur,
then intra-day break there suggests re-test of 0.65
65 would be seen after consolidation, break extends
downtrend fm Feb's 0.7158 peak to 0.6520/25 b4 up.
Trade fm short side for 0.6537 n only a firm
break abv 0.6627/30 indicates temp. bottom made,
risks retrace. to 0.6673/75 but 0.6706/09 wud hold.
|
| Rate: |
+0.6537+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.6767 |
| Objective: |
0.6537 |
| Stop-Loss: |
|
| Resistance: |
0.6587/0.6630/0.6675 |
| Support: |
0.6528/0.6493/0.6437 |
|
|
| DAILY USD/JPY OUTLOOK - +139.10+ |
|
| Update
Time: |
24 May 2023 18:18GMT |
DAILY USD/JPY OUTLOOK - +139.10+
Dlr's intra-day rally n break abv y'day's fresh
5-1/2 month peak at 138.90 signals recent erratic
upmove has once again resumed n further gain twds
139.30/40 wud be seen, however, loss of momentum
wud prevent sharp move beyond n bring correction.
Trade fm long side for this move n only below
138.40/50 wud risk weakness to 138.24.
|
| Rate: |
+139.10+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 138.30 |
| Objective: |
139.10 |
| Stop-Loss: |
|
| Resistance: |
139.38/139.89/140.07 |
| Support: |
138.90/138.24/138.01 |
|
|
| DAILY USD/CHF OUTLOOK - +0.9060+ |
|
| Update
Time: |
24 May 2023 18:12GMT |
DAILY USD/CHF OUTLOOK - +0.9060+
Despite dlr's fall fm last Thur's 1-month 0.9062
high to 0.8941 Mon, subsequent rise to 0.9029 y'day
n intra-day break abv there signals a re-test of
said res is seen, break wud extend erratic upmove
fm May's 27-month 0.8821 bottom to 0.9085/89.
Trade fm long side for 0.9060 next n only below
0.8986 (Tue NY low) risks 0.8941/45 b4 rebound.
|
| Rate: |
+0.9060+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 0.8980 |
| Objective: |
0.9060 |
| Stop-Loss: |
|
| Resistance: |
0.9066/0.9089/0.9100 |
| Support: |
0.8986/0.8941/0.8920 |
|
|
| DAILY AUD/USD OUTLOOK - +0.6550+ |
|
| Update
Time: |
24 May 2023 14:45GMT |
DAILY AUD/USD OUTLOOK - +0.6550+
Despite aud's rise fm Thur's 0.6605 low to 0.66
75 Fri, subsequent fall n intra-day break of said
sup suggests re-test of Mar's 0.6565 bottom is like
ly after consolidation, where break extends decline
fm Feb's 7-1/2 month 0.7158 peak to 0.6520/25.
Trade fm short side for 0.6550 next n only abv
0.6640/45 risks 0.6660/62, 0.6673/75 shud hold.
|
| Rate: |
+0.6550+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.6650 |
| Objective: |
0.6550 |
| Stop-Loss: |
|
| Resistance: |
0.6608/0.6630/0.6675 |
| Support: |
0.6573/0.6565/0.6521 |
|
|
| INTRA-DAY USD/JPY OUTOOK - +138.80+ |
|
| Update
Time: |
24 May 2023 14:23GMT |
INTRA-DAY USD/JPY OUTOOK - +138.80+
Although dlr's retreat fm y'day's fresh 5-1/2
month 138.90 high suggests MT upmove has made a
temporary top n as 138.24 has contained retreat in
Europe today, bullishness is retained for 139.25/30
b4 prospect of correction due to loss of momentum.
Trade fm long side for 138.80 1st as only below
138.25 (Tue) risks 138.00/05, break, 137.77/80.
|
| Rate: |
+138.80+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 138.30 |
| Objective: |
138.80 |
| Stop-Loss: |
|
| Resistance: |
138.90/139.32/139.89 |
| Support: |
138.24/138.01/137.77 |
|
|
| INTRA-DAY AUD/USD OUTLOOK - +0.6547+ |
|
| Update
Time: |
24 May 2023 14:22GMT |
INTRA-DAY AUD/USD OUTLOOK - +0.6547+
Aud's intra-day selloff n break below Mar's near
5-month bottom at 0.6565 signals MT decline has
once again resumed n further weakness twds 0.6540/
50 wud be seen after consolidation, however, loss
of momentum wud keep price abv 0.6525.
Trade fm short side for 0.6547 1st as only abv
0.6610/15 risks stronger retracement twd 0.6630.
|
| Rate: |
+0.6547+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.6597 |
| Objective: |
0.6547 |
| Stop-Loss: |
|
| Resistance: |
0.6615/0.6630/0.6662 |
| Support: |
0.6547/0.6525/0.6500 |
|
|
| DAILY GBP/USD OUTLOOK - +1.2378+ |
|
| Update
Time: |
24 May 2023 10:10GMT |
DAILY GBP/USD OUTLOOK - +1.2378+
Although y'day's rise fm a near 1-month 1.2373
low suggests decline fm May's 1-year 1.2679 peak
has made a temporary bottom n mild upside bias wud
be seen, reckon 1.2446/50 res area shud hold, yield
another drop to 1.2345/53, break, 1.2310/20 later.
Trade fm short side for 1.2355 n only abv 1.2446
/50 risks 1.2480/84 but 1.2510 shud cap upside.
|
| Rate: |
+1.2378+ |
| Strategy: |
+Target met+ |
| Position: |
+Short at 1.2448+ |
| Objective: |
+1.2378+ |
| Stop-Loss: |
|
| Resistance: |
1.2465/1.2484/1.2510 |
| Support: |
1.2373/1.2345/1.2294 |
|
|
| INTRA-DAY GBP/USD OUTLOOK - +1.2400+ |
|
| Update
Time: |
24 May 2023 10:01GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.2400+
Despite cable's intra-day brief rise to 1.2466
in European morning on upbeat UK CPI, subsequent
retreat signals choppy trading below last Fri's top
at 1.2484 wud continue but below 1.2430/35 needed
to yield weakness twd 1.2408 but 1.2390/95 wud hold
Trade fm short side for 1.2400 1st as only abv
1.2484 risks stronger gain twd 1.2510 later.
|
| Rate: |
+1.2400+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.2450 |
| Objective: |
1.2400 |
| Stop-Loss: |
|
| Resistance: |
1.2466/1.2484/1.2510 |
| Support: |
1.2392/1.2373/1.2345 |
|
|
| DAILY NZD/USD OUTLOOK - +0.6145+ |
|
| Update
Time: |
24 May 2023 06:40GMT |
DAILY NZD/USD OUTLOOK - +0.6145+
Intra-day selloff after RBNZ's expected rate
hike suggests fall fm May's 0.6384 peak wud head to
0.6162/65, then 0.6123/25 after consolidation b4 up
Trade fm short side for 0.6145 n only abv 0.6230
/35 indicates low made, risks 0.6260/63.
|
| Rate: |
+0.6145+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.6290 |
| Objective: |
0.6145 |
| Stop-Loss: |
Short at 0.6290 |
| Resistance: |
0.6204/0.6235/0.6263 |
| Support: |
0.6162/0.6124/0.6112 |
|
|
| INTRA-DAY EUR/USD OUTLOOK - +1.0770+ |
|
| Update
Time: |
23 May 2023 12:36GMT |
INTRA-DAY EUR/USD OUTLOOK - +1.0770+
Intra-day fall in European morning on usd's
broad-based strength suggests recovery fm Fri's 1-
1/2 month 1.0761 low has ended at 1.0831 y'day, be-
low said sup wud extend recent decline to 1.0742/46
but 1.0710/14 may hold, yield subsequent bounce.
Trade fm short side for 1.0770 n only abv 1.0828
/31 risks marginal gain to 1.0846/49 b4 down.
|
| Rate: |
+1.0770+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.0820 |
| Objective: |
1.0770 |
| Stop-Loss: |
|
| Resistance: |
1.0831/1.0849/1.0873 |
| Support: |
1.0761/1.0746/1.0717 |
|
|
| INTRA-DAY GBP/USD OUTLOOK - +1.2395+ |
|
| Update
Time: |
23 May 2023 08:08GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.2395+
As y'day's volatile swings ended with sharp re-
treat fm 1.2471 to 1.2415 in NY, suggesting reco-
very fm Thur's 3-week 1.2392 low has ended at 1.24
84 Fri, below 1.2392 extends recent decline to 1.23
68/70 but 1.2345/53 may hold on 1st testing.
Trade fm short side for 1.2395 n only abv 1.2471
/72 risks 1.2484, break, 1.2500/10 b4 down.
|
| Rate: |
+1.2395+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.2445 |
| Objective: |
1.2395 |
| Stop-Loss: |
|
| Resistance: |
1.2419/1.2446/1.2472 |
| Support: |
1.2392/1.2368/1.2345 |
|
|
| INTRA-DAY EUR/CHF OUTLOOK - +0.9710+ |
|
| Update
Time: |
22 May 2023 07:23GMT |
INTRA-DAY EUR/CHF OUTLOOK - +0.9710+
Euro's selloff below 0.9720 (Tue) to a fresh 2-
month bottom at 0.9714 in NY Fri signals recent
erratic decline has once again resumed n re-test of
Mar's 0.9707 trough wud be seen after consolidation
but break needed for weakness to 0.9665/70 later.
Trade fm short side for 0.9710 1st as only abv
0.9750 risks stronger retracement to 0.9762/68.
|
| Rate: |
+0.9710+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.9760 |
| Objective: |
0.9710 |
| Stop-Loss: |
|
| Resistance: |
0.9750/0.9762/0.9782 |
| Support: |
0.9707/0.9669/0.9644 |
|
|
|
|
| |
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results to be obtained by using its services or information it provided.
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