1

Analyst (FX, Global Markets & OTC

Derivatives)

Tuesday, October 20, 2015

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

(+1) 316 413 3777

dhruv@sevenstarfx.com

About Seven Star FX Limited

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
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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**

Tuesday, October 20, 2015

Pair

High

Low

Trend Index

GBP/USD

1.5505

1.5460

Bullish

EUR/USD

1.1386

1.1323

Bullish

USD/JPY

119.78

119.40

Bearish

AUD/USD

0.7296

0.7240

Bullish

USD/CAD

1.3049

1.2986

Bearish

NZD/USD

0.6846

0.6789

Bullish

EUR/JPY

136.225

135.254

Bullish

USD/CHF

0.9566

0.9493

Bearish

GBP/JPY

185.59

184.70

Bullish

EUR/GBP

0.7356

0.7312

Bullish

FX
Majors (40%)

US
Stocks (20%)

Energies
- (15%)

Precious
Metals (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 (10.00 to 11.00) (H1 Chart)

Tuesday, October 20, 2015

day, October 12, 2015

On the previous day, the currency pair #EUR/USD is looking much on

American session looks slightly bearish as there were no major
announcements for USD currency except there is one major
announcement (Governor BoE speech), it has witnessed the bullish trend
while today in the intraday trading chart the currency pair has ranging
between the certain levels of 1.1372 and 1.1380 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 1.1334
Support level will extend the bearish correction to reach 1.1368 levels
initial, as in case breaking the previous level.
Since, the Bullish 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.

Bullish

Support Level:

S1- 1.1334

S2- 1.1368

Resistance
Level:
Todays Trend:

R1- 1.1372

R2- 1.1381

Weekly Trend:

Up-trend

Tuesday, October 20, 2015

Today in the Early morning the market doesnt shows in the consolidation
pattern; the market has again came into force. As the currency pair is
currently traded at 119.40
The Market today would pursue the bearish player to go short for this
moment of time if market consistently falls in the range of 119.50/119.30, as
they would expect a price correction trend toward 119.43. 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- 119.68

S2- 119.53

Resistance
Level:
Todays Trend:

R1- 119.47

R2- 119.38

Weekly Trend:

Up-trend

Tuesday, October 20, 2015

From past few weeks the EURO economy, the Currency pair GBP/USD certainly
seem as though US Dollar $ fall suggesting the good news for EURO sterling.
The sharp bullish trend today which has seen the outlook more predictive at
the price level of 1.5485. The overnight breach of the key reaction low at
1.5453 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 lower highs is being formed.
The intraday hourly chart shows all moving averages is moving in the bullish
trend, whilst the old support around 1.5496 is now being formed while the
resistance at 1.5473. Any rally now into the band $1.54/$1.55 looks to be a
slightly bullish opportunity.

Bullish

Support Level:

S1- 1.5496

S2- 1.5502

Resistance
Level:
Todays Trend:

R1- 1.5464

R2- 1.5473

Weekly Trend:

Up-Trend

Tuesday, October 20, 2015

Today, RBA has declared they will not increase or decrease the rates has shown
the outlook showing a bullish trend, the correction shows A little real sign of any
selling pressure, but however it can be clearly observed as an important band of
support once again forming around the ($0.7285). While the sequence at $0.7290
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. .

The

Best Currency for Today

Bullish

Support Level:

S1- 0.7290

S2- 0.7283

Resistance
Level:
Todays Trend:

R1- 0.7256

R2- 0.7267

Weekly Trend:

Up-trend

Tuesday, October 20, 2015

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.

Support Level:

S1- 0.9540

S2- 0.9512

Resistance
Level:

R1- 0.9500

R2- 0.9493

While currently it trades at 0.9499/0.9505 that is unexpectedly much lower for

the week. The pair seems to move downwards that shows a clear trend in the
short term. Today the trend is unexpectedly unbelievably going much lower than
expected while the market seems to be in right phase as from past couple of days
as it has garnered the bearish today

Todays Trend:

Hence for today, Our Analyst Team predicts the bearish trend on this currency
pair.

Bearish

Weekly Trend:

Down-trend

Tuesday, October 20, 2015

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 1.2990 this weeks
highlight Canada economy doesnt shows any positive signs of progress or
improvement as its has shown the negative Manufacturing report. Here is an
outlook on the major market-movers and an updated technical analysis for
USD/CAD.

Support Level:

S1- 1.3034

S-1.3009

Resistance
Level:

R1- 1.3011

R2- 1.2994

Todays Trend:

Weekly Trend:

USD/CAD is falling today. Hourly resistance at 1.2994 has been broken. Hourly
support is given at 1.3034. Stronger support can be found at 1.3009. While we
remain (bearish) on the pair today as long as the technical structure suggests a
downward momentum

Bearish

Down-Trend

Tuesday, October 20, 2015

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 $46.27 .This comes with a slight bearish Drift. Perhaps this could begin to put
pressure on the support levels, which the intraday hourly chart shows to be
initially at $476.00.

Support Level:

Resistance
Level:

Todays Trend:
Weekly Trend:

Up-Trend

Price Outlook:
Current Price
46.27

Change
-0.02

%Change
-0.04%

Next Contract
NOV 15

Source: Seven Star FX Research Center, Investing.com

NOV 1

Tuesday, October 20, 2015

In todays intraday session the price momentum has shown very slow but however from
past one hour the market movement has shown the rising trend, The Gold prices have
rise with a change of 0.37% against the US dollar and today technical buying continued
to weigh on the market. Today The XAU/USD pair has rose to level of $1175.95, 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 1175.35, there is a significant amount of support in the
proximity of 1178 so it may remain intact before any main event of the day.
We generally think that the gold prices might towards the 1172- 1178

Slightly Bearish

Support Level:

Resistance
Level:

Todays Trend:
Weekly Trend:

Up-Trend

Tuesday, October 20, 2015

Yesterday, The market has marginally rised to a high level forming a new high at 17,230
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 14.57 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:

Up-Trend

Tuesday, October 20, 2015

Sr No.

Company

Trend

Market Cap:

1
2

Goldman Sachs group Inc.

Apple Inc.

Up Trend

80.16 B
633.2 B

3
4

Facebook, Inc.
Netflix Inc.

Up Trend
Up Trend

274.8 B
42.17 B

Amazon.com, Inc.

Up Trend

267 B

Up Trend

Tuesday, October 20, 2015

ECONOMIC SCENARIO
Current Assessment

4.3

1.8

2.1

2.5

3.4

3.8

3.5

3.9

5.2

6.1

Expectations
6.3

Business Climate

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

2.5

1.8

Tuesday, October 20, 2015

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

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