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SPOT SILVER DAILY OUTLOOK - +$ 26.15+
Update Time: 12 Aug 2020 16:46GMT
SPOT SILVER DAILY OUTLOOK - +$ 26.15+

Intra-day strong rebound fm 23.45 suggests dec-
line fm Fri's 7-year 29.86 peak has made a temp.
low n retrace. to 26.15/20 wud be seen later.

Buy again on dips to 25.35 for 26.15 n only be-
low 24.95/97 may risk 24.45/50.


   Rate: +$ 26.15+
   Strategy: +Target met+
   Position: +Long at 25.35+
   Objective: 26.15
   Stop-Loss: +Long at 25.35+
   Resistance: 26.28/26.85/27.38
   Support: 25.32/24.95/24.49
WEEKLY USD/JPY OUTLOOK - +106.80+
Update Time: 12 Aug 2020 12:59GMT
WEEKLY USD/JPY OUTLOOK - +106.80+

Despite dlr's resumption of erratic fall fm 111.
71 (Mar) to a 4-1/2 month trough of 104.19 on last
day in Jul, subsequent impressive rally to 106.47
last Mon on yen selling signals long-overdue cor-
rection has taken place n as price has risen after
retreat to 105.31, abv 106.47 wud head to 107.05.

Trade fm long side for this move but reckon 107.
53 shud cap upside. Only a daily close below 105.31
risks weakness twd 104.78, break, 104.19 again.


   Rate: +106.80+
   Strategy: +Exit long+
   Position: Long at 105.55
   Objective:
   Stop-Loss:
   Resistance: 107.01/107.53/108.16
   Support: 106.47/105.31/104.78
INTRA-DAY EUR/JPY OUTLOOK - +125.69+
Update Time: 12 Aug 2020 09:41GMT
INTRA-DAY EUR/JPY OUTLOOK - +125.69+

Euro's intra-day rally in Europe n then break of
last Thur's fresh 15-month high at 125.59 confirms
MT upmove fm May's 3-1/2 year bottom of 114.44 has
once again resumed n further headway to 125.69/74
then 125.95/00 wud be seen after consolidation.

Trade fm long side for 125.69 n only below 125.
10/15 indicates temp. top made, risks 124.88/93.


   Rate: +125.69+
   Strategy: +Target met+
   Position: Long at 125.29
   Objective: 125.69
   Stop-Loss:
   Resistance: 125.99/126.17/126.56
   Support: 125.30/125.15/124.88
DAILY GBP/USD OUTLOOK - +1.3025+
Update Time: 12 Aug 2020 04:40GMT
DAILY GBP/USD OUTLOOK - +1.3025+

Cable's selloff fm y'day's high at 1.3132 to
1.3042 in late NY suggests recovery fm Fri's low at
1.3010 has ended there n below said sup wud extend
decline fm last Thur's near 5-month peak at 1.3185
twds 1.2982 b4 prospect of rebound.

Trade fm short side for 1.3010 1st n only abv
1.3132 wud risk stronger gain to 1.3161.


   Rate: +1.3025+
   Strategy: +Exit short+
   Position: Short at 1.3095
   Objective:
   Stop-Loss:
   Resistance: 1.3061/1.3103/1.3132
   Support: 1.3010/1.2982/1.2945
INTRA-DAY AUD/USD OUTLOOK - +0.7126+
Update Time: 12 Aug 2020 02:03GMT
INTRA-DAY AUD/USD OUTLOOK - +0.7126+

Y'day's selloff fm 0.7189 n brief break below
Mon's low at 0.7141 to 0.7135 signals decline fm
last Fri's 17-month peak at 0.7243 has once again
resumed n further weakness to 0.7123, then 0.7100/
06 wud be seen b4 prospect of rebound.

Trade fm short side for this move n only abv
0.7190/95 risks 0.7217/22 b4 another fall.


   Rate: +0.7126+
   Strategy: +Target met+
   Position: Short at 0.7166
   Objective: 0.7126
   Stop-Loss:
   Resistance: 0.7189/0.7195/0.7222
   Support: 0.7135/0.7123/0.7106
SPOT GOLD DAILY OUTLOOK - +1905.50+
Update Time: 11 Aug 2020 23:09GMT
SPOT GOLD DAILY OUTLOOK - +1905.50+

Gold's selloff on Tue confirms long term rise
has made a temporary top at last Fri's record high
of 2075.10 n choppy sideways swings with downside
would be seen for weakness to 1920/1921, then 1905/
1907, however, oversold condition should keep price
abv 1873/1875 n yield rebound later.

Trade fm short side for 1905.50 n exit on subse-
quent fall. Only abv 1963/1965 would risk stronger
retracement to 1980/1983 b4 down.


   Rate: +1905.50+
   Strategy: +Target met+
   Position: Short at $ 1945.50
   Objective: 1905.50
   Stop-Loss:
   Resistance: 1963.20/1982.10/1997.20
   Support: 1938.20/1920.80/1907.20
INTRA-DAY GBP/USD OUTLOOK - +1.3045+
Update Time: 11 Aug 2020 22:57GMT
INTRA-DAY GBP/USD OUTLOOK - +1.3045+

Although cable's erratic upmove fm 1.3010 (Fri)
suggests early correction fm Aug's near 5-month top
at 1.3185 has formed a low, as 1.3132 has capped
intra-day rise, consolidation with downside bias is
seen, below 1.3055 (Europe), 1.3020/30 later.

Trade fm short side for 1.3045 n only abv 1.3132
wud risk gain to 1.3150/60 later.


   Rate: +1.3045+
   Strategy: +Target met+
   Position: Short at 1.3085
   Objective: 1.3045
   Stop-Loss:
   Resistance: 1.3132/1.3161/1.3185
   Support: 1.3055/1.3020/1.3010
INTRA-DAY EUR/USD OUTLOOK - +1.1739+
Update Time: 11 Aug 2020 22:43GMT
INTRA-DAY EUR/USD OUTLOOK - +1.1739+

Although euro's rally fm 1.1723 (Asia) to as
high as 1.1807 in Europe signals 1st leg of correct
ion fm Thur's 2-year peak at 1.1915 has ended, pre-
sent retreat in NY suggests intra-day top is possi-
bly made, below 1.1756 wud head back twd 1.1723.

Hold short for 1.1739 after choppy trading n
only abv 1.1807 risks 1.1819, then, 1.1842/45 tom.


   Rate: +1.1739+
   Strategy: +Target met+
   Position: Short at 1.1779
   Objective: 1.1739
   Stop-Loss:
   Resistance: 1.1807/1.1819/1.1850
   Support: 1.1756/1.1723/1.1697
INTRA-DAY USD/JPY OUTOOK - +106.65+
Update Time: 11 Aug 2020 22:36GMT
INTRA-DAY USD/JPY OUTOOK - +106.65+

Usd's intra-day cross-inspired break of prev.
Aug's 106.47 high confirms upmove fm Jul's 104.19
bottom has finally resumed n gain to 106.65 is now
envisaged, loss of momentum is likely to prevent
strong gain n reckon 106.90 wud cap upside today.

Trade fm long side for this move n only below
105.94 signals temp. top is made, risks 105.71/75.


   Rate: +106.65+
   Strategy: +Target met+
   Position: Long at 106.30
   Objective: 106.65
   Stop-Loss:
   Resistance: 106.65/106.90/107.28
   Support: 106.23/105.92/105.71
INTRA-DAY GBP/USD OUTLOOK - 1.3078
Update Time: 11 Aug 2020 16:16GMT
INTRA-DAY GBP/USD OUTLOOK - 1.3078

Although cable's erratic upmove fm 1.3010 (Fri)
suggests early correction fm Aug's near 5-month top
at 1.3185 has formed a low, as 1.3132 has capped
intra-day rise, consolidation with downside bias is
seen, below 1.3055 (Europe), 1.3020/30 later.

Exit prev. short n sell again at 1.3085 as only
abv 1.3132 wud risk gain to 1.3150/60.


   Rate: 1.3078
   Strategy: Exit short n sell at 1.3085
   Position: Short at 1.3113
   Objective: 1.3045
   Stop-Loss: 1.3105
   Resistance: 1.3132/1.3161/1.3185
   Support: 1.3055/1.3020/1.3010
SPOT SILVER DAILY OUTLOOK - +$ 27.60+
Update Time: 11 Aug 2020 12:01GMT
SPOT SILVER DAILY OUTLOOK - +$ 27.60+

Although silver has rebounded after intra-day
selloff fm 29.27 to 27.71, present retreat fm 28.37
suggests recovery is over n wud head to 27.60/70.

Sell again on pullback to 28.30 for 27.60 n only
abv 28.55/60 risks stronger retrace. to 28.75/80.


   Rate: +$ 27.60+
   Strategy: +Target met+
   Position: +Short at 28.30+
   Objective: 27.60
   Stop-Loss: +Short at 28.30+
   Resistance: 28.47/29.03/29.40
   Support: 27.39/27.21/26.97
SPOT GOLD DAILY OUTLOOK - +$ 1975.00+
Update Time: 11 Aug 2020 11:50GMT
SPOT GOLD DAILY OUTLOOK - +$ 1975.00+

Gold's intra-day selloff fm 2031.10 to as low
as 1983.80 suggests decline fm last Fri's record
high at 2075.10 remains in progress n consolidation
with downside bias remains for retracement to 1974.
40, however, 1969.10 should remain intact due to
oversold condition n yield rebound later.

Look to sell on pullback for 1975.00 1st n only
abv 2006.20 would indicate a temporary bottom has
been made n risk gain to 2015.70 (prev. sup).


   Rate: +$ 1975.00+
   Strategy: +Target met+
   Position: +Short at 1995.00+
   Objective: 1975.00
   Stop-Loss:
   Resistance: 1997.20/2006.20/2015.70
   Support: 1974.40/1969.10/1965.60
SPOT GOLD DAILY OUTLOOK - +1985.00+
Update Time: 11 Aug 2020 08:10GMT
SPOT GOLD DAILY OUTLOOK - +1985.00+

Despite gold's resumption of long term upmove to
a record high of 2075.10 last Fri, subsequent sell-
off to 2015.70 on usd's strength in post-NFP n
intra-day break of this level suggests a temporary
top has been made n downside bias remains for stron
ger retracement to 2005/07 later.

Lower short entry to 2027.00 for 2007.00 n only
abv 2049.90 would risk gain to 2064/2065 b4 pros-
pect of another fall later this week.


   Rate: +1985.00+
   Strategy: +Target met+
   Position: +Short at 2005.00+
   Objective: +1985.00+
   Stop-Loss:
   Resistance: 2015.70/2031.10/2049.90
   Support: 1990.50/1981.10/1974.40
INTRA-DAY EUR/GBP OUTLOOK - 0.8975
Update Time: 11 Aug 2020 03:21GMT
INTRA-DAY EUR/GBP OUTLOOK - 0.8975

Although euro's rebound after intra-day resump-
tion of decline fm Jul's peak at 0.9148 to 0.8970
in Asia suggests range trading is in store, reckon
0.8997 wud limit upside n yield another retreat, be
low 0.8970 wud extend to 0.8950/55.

Exit prev. short n sell again at 0.8990 for 0.89
50 as only abv 0.9029 wud risk gain to 0.9043.


   Rate: 0.8975
   Strategy: Exit short n sell at 0.8990
   Position: Short at 0.8995
   Objective: 0.8950
   Stop-Loss: 0.9010
   Resistance: 0.8997/0.9029/0.9043
   Support: 0.8970/0.8938/0.8913
INTRA-DAY EUR/USD OUTLOOK - +1.1730+
Update Time: 11 Aug 2020 00:21GMT
INTRA-DAY EUR/USD OUTLOOK - +1.1730+

Y'day's break of Fri's low at 1.1756 suggests
corrective decline fm last Thur's fresh 2-year peak
at 1.1915 wud head to 1.1722 after consolidation,
however, sup 1.1697 shud remain intact due to loss
of momentum n yield rebound later.

Trade fm short side for 1.1730 n only abv 1.1800
/10 res risks stronger gain to 1.1830/35 tom.


   Rate: +1.1730+
   Strategy: +Target met+
   Position: Short at 1.1770
   Objective: 1.1730
   Stop-Loss:
   Resistance: 1.1801/1.1819/1.1850
   Support: 1.1722/1.1697/1.1683
INTRA-DAY AUD/USD OUTLOOK - +0.7147+
Update Time: 10 Aug 2020 11:54GMT
INTRA-DAY AUD/USD OUTLOOK - +0.7147+

Aud's present break of Fri's 0.7145 low (NY)
after a recovery to 0.7172 in Asia confirms decline
fm Fri's 17-month peak at 0.7243 has resumed n wud
pressure price to 0.7123, loss of momentum wud keep
A$ abv 0.7106 in NY morning session.

Trade fm short side for 0.7137 next n only abv
0.7172 dampens daily bearishness on aussie.


   Rate: +0.7147+
   Strategy: +Exit short+
   Position: Short at 0.7177
   Objective:
   Stop-Loss:
   Resistance: 0.7172/0.7195/0.7222
   Support: 0.7141/0.7123/0.7116
DAILY USD/JPY OUTLOOK - +106.15+
Update Time: 10 Aug 2020 10:55GMT
DAILY USD/JPY OUTLOOK - +106.15+

Dlr's rally to 106.05 in post-NFP NY Fri signals
pullback fm Aug's 106.47 high has ended at 105.31
(Thur) n abv 106.19 wud bring re-test of 106.47,
abv needed to extend rise fm Jul's 104.19 bottom to
106.65, then 106.84/90 wud be seen.

Intra-day retreat to 105.73 wud yield sideways
swings b4 up n only below 105.49 risks 105.31/33.


   Rate: +106.15+
   Strategy: +Target met+
   Position: Long at 105.50
   Objective: 106.15
   Stop-Loss:
   Resistance: 106.19/106.47/106.65
   Support: 105.73/105.49/105.31
INTRA-DAY USD/CHF OUTLOOK - +0.9178+
Update Time: 10 Aug 2020 10:41GMT
INTRA-DAY USD/CHF OUTLOOK - +0.9178+

Usd's intra-day rise n then brief break of last
Fri's 0.9157 high after retreat to 0.9121 in NZ sug
gests near term upmove fm Wed's 5-1/2 year bottom
at 0.9051 has once again resumed n further headway
to 0.9186/91 wud be seen after consolidation.

Trade fm long side for 0.9178 1st n only below
0.9121 wud risk weakness to 0.9100/05.


   Rate: +0.9178+
   Strategy: +Target met+
   Position: Long at 0.9143
   Objective: 0.9178
   Stop-Loss:
   Resistance: 0.9175/0.9191/0.9229
   Support: 0.9121/0.9104/0.9087
INTRA-DAY GBP/USD OUTLOOK - +1.3040+
Update Time: 10 Aug 2020 10:36GMT
INTRA-DAY GBP/USD OUTLOOK - +1.3040+

Cable's intra-day fall fm 1.3088 (Reuters) n pre
sent break of European morning 1.3047 low suggests
recovery fm Fri's trough at 1.3010 has ended n down
side bias remains for weakness to 1.3030/40 but rec
kon said Fri's bottom wud hold fm here.

Trade fm short side for 1.3040 next n only abv
1.3088 dampens daily bearishness, 1.3005/09.


   Rate: +1.3040+
   Strategy: +Target met+
   Position: Short at 1.3080
   Objective: 1.3040
   Stop-Loss:
   Resistance: 1.3086/1.3098/1.3109
   Support: 1.3041/1.3010/1.2982
INTRA-DAY EUR/USD OUTLOOK - 1.1764
Update Time: 10 Aug 2020 08:51GMT
INTRA-DAY EUR/USD OUTLOOK - 1.1764

Euro's intra-day rebound after brief break of
Fri's 1.1756 low to 1.1753 in Europe suggests near
term decline fm last Thur's fresh 2-year peak at
1.1915 has made a minor bottom n range trading wud
be seen b4 heading to 1.1722 but 1.1697 shud hold.

Exit prev. short n sell again at 1.1780 for 1.17
40 as only abv 1.1801 risks 1.1819/20.


   Rate: 1.1764
   Strategy: Exit short n sell at 1.1780
   Position: Short at 1.1790
   Objective: 1.1740
   Stop-Loss: 1.1800
   Resistance: 1.1775/1.1801/1.1819
   Support: 1.1753/ 1.1722/1.1697
INTRA-DAY EUR/GBP OUTLOOK - +0.9010+
Update Time: 10 Aug 2020 07:19GMT
INTRA-DAY EUR/GBP OUTLOOK - +0.9010+

Euro's retreat fm Fri's high at 0.9043 suggests
further choppy trading inside recent 0.8981-0.9059
range wud continue with downside bias n below 0.90
10/12 wud bring weakness to 0.8990/95 but indicated
lower lvl shud remain intact, yield rebound.

Trade fm short side for 0.9010 n only abv 0.9053
/59 may risk gain to 0.9082/87.


   Rate: +0.9010+
   Strategy: +Target met+
   Position: Short at 0.9040
   Objective: 0.9010
   Stop-Loss:
   Resistance: 0.9043/0.9059/0.9087
   Support: 0.8981/0.8967/0.8946
 

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