Daily Analysis Report

Friday, October 23, 2015

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

Dhruv Williams,
Analyst (FX, Global Markets & OTC
Derivatives)
(+1) 316 413 3777
dhruv@sevenstarfx.com

About Seven Star FX

Seven Star FX 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 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 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.

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**

Friday, October 23, 2015

Trend Analysis:
Pair

GBPUSD
EURUSD
USDJPY
AUDUSD
USDCAD
NZDUSD
EURJPY
USDCHF
GBPJPY
EURGBP

High

Low

1.5418
1.1139
120.99
0.7296
1.3111
0.6865
134.268
0.9764
186.2
0.7232

1.5374
1.1071
120.21
0.7196
1.3038
0.6778
133.466
0.971
185.2
0.7194

Daily Traders Investment Portfolio:

Trend
Index

FX
Majors (40%)

Bearish
Bearish
Bearish
Bullish
Bearish

US
Stocks (20%)

Precious
Metals (15%)

Bearish
Bearish
Bullish
Bullish
Bearish

Energies
- (15%)

Global
Indices(10%)

Note** - The above Report is based on Personal Recommendation. Seven Star FX Ltd doesnt accept any liability or guarantee of such recommendation

GMT (11.00 to 12.00) (H1 Chart)

Friday, October 23, 2015

FX Majors
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.

"Bearish"

Support
S1- 1.1030 S2- 1.1073
Level:
Resistance
R1R2Level:
1.1634
1.1346
Todays
Trend:
Weekly
Trend:

Friday, October 23, 2015

FX Majors
2) USD/JPY:
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.

"Bearish"

Support
Level:

S1- 120.47

S2 120.39

Resistance
Level:

R1 120.35

R2120.27

Todays
Trend:
Weekly
Trend:

Friday, October 23, 2015

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.

"Bearish"

Support
Level:
Resistance
Level:
Todays
Trend:
Weekly
Trend:

S1- 1.5410 S2- 1.5403

R1 1.5347

R2 1.5399

Friday, October 23, 2015

FX Majors
4) AUD/USD:
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"

"Bullish"

Support
Level:

S1: 0.7295 S2: 0.7251

Resistance
R1: 0.7281
Level:
Todays
Trend:
Weekly
Trend:

R2:
0.7275

Friday, October 23, 2015

FX Majors
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.

"Bullish"

Support
Level:
Resistance
Level:
Todays
Trend:
Weekly
Trend:

S1-0.9729 S2- 0.9724

Friday, October 23, 2015

FX Majors
6) USD/CAD:
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 weeks highlight Canada
economy doesnt 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

"Bullish"

Support
Level:

S1- 1.1304

S2 1.3078

Resistance
Level:

R11.1297

R21.3316

Todays
Trend:
Weekly
Trend:

Friday, October 23, 2015

Energy
Crude Oil:
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.

Support
Level:
Resistance
Level:
Todays
Trend:
Weekly
Trend:

Price Outlook:
Current Price

Change

%Change

Next Contract

45.22

0.14

0.29%

Dec-15

Source: Seven Star FX Research Center, Investing.com

Friday, October 23, 2015

Metals
Gold:
In todays 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

"Bullish"

Support
Level:
Resistance
Level:
Todays
Trend:
Weekly
Trend:

Friday, October 23, 2015

Global Indices
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.

"Bullish"

Support
Level:
Resistance
Level:
Todays
Trend:
Weekly
Trend:

Friday, October 23, 2015

USA Stocks
Top 5 Recommendations:
Sr No.

Company

Trend

Market Cap

Goldman Sachs group Inc.

Up Trend

77.09 B

Apple Inc.

Up Trend

648.3 B

Facebook, Inc.

Up Trend

273.6 B

Netflix Inc.

Down Trend

41.87 B

Amazon.com, Inc.

Up Trend

259.9 B

Friday, October 23, 2015

Economic Outlook: 2015

Economic Outlook
7
6
5
4
3
2
1
0
FX Spot (Currencies)

Energies & Spot Metals

Business Climate

Economic Outlook
Business Climate
Expectations
Current Assessment

Expectations

Fixed Income

Global Markets (Indices)

Current Assessment

FX Spot Energies
(Currenci & Spot
es)
Metals
6.3
4.8
5.7
4.7
4.9
4.2

Fixed
Income
2.1
2
2

Global
Markets
(Indices)
3.7
3.2
2.8

Friday, October 23, 2015

Special Thanks to

Contact Us
Address: No. 5, Cork Street,
Belize City, Belize,
Central America (C.A)
Email: dhruv@sevenstarfx.com

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