Daily outlook By commexfx

CommexFX

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Last week low Pairs are Nearly to get important supports.

Dollar-Yen (101.54) quickly broke underneath the real help zone of 101.30-20 to make a low at 101.10 preceding bobbing back. It is an extremely pivotal time as the bears must push it down to the following long haul help at 100.70-60 or else they may run the danger of a sudden upward move whenever

The Euro-Yen (139.24) is in an affirmed significant downtrend now. It is trying a paramount trendline Support here and could organize a bit of a skip. Anyway unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94.

The Euro (1.3713) is attempting to skip from the real trendline help at 1.3646. Expect close term Support at 1.3690 and endeavors to climb towards 1.3760 while Support at 139.25 hangs on the Euro-Yen.

The Pound (1.6817) has skiped strongly from 1.6731 and keeps the long haul uptrend in place. A break beneath 1.6730 could refute the uptrend and afterward a dip to sub-1.6600 levels might be on cards.

The Aussie (0.9306) is trying the more level end of its 2-week extent of 0.93-0.94. Just a break underneath 0.9280-70 will invalidate the bullish probability yet a ricochet from here may in any case take it to 0.95+.

Gold (1294.16) and Silver (19.377) keeps on remainning ran inside 1280-1315 and 19-19.7 areas separately. Unless a break from these zones the metals may keep up the sideways combining for a couple of more sessions. General the long haul downtrend is in energy.
 

CommexFX

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Daily Outlook 21-05-2014

Dollar-Yen (101.21) made a low at 101.10 close to the significant backing of 101.20. It is a critical time as the bears must push it down to the long haul help at 100.70-60 or else they may run the danger of a sudden upward move whenever.

The Euro-Yen (138.70) is in an affirmed significant downtrend now. It is trying an essential Support here around 138.70-30 and could endeavor a bit of a skip. At the same time unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94 or considerably lower towards 136.

The Euro (1.3702) is demonstrating no confirmation of quality significantly in the wake of holding over the backing of 1.3650. Despite the fact that the likelihood of ascent still makes due over 1.3650, expect more vertical fall towards sub-1.35 on a break underneath 1.3650.

The Pound (1.6840) has skiped forcefully from 1.6731 and keeps the long haul uptrend in place. However a break beneath 1.6730 could discredit the uptrend and after that a dip to sub-1.6600 levels would be on cards.

The Aussie (0.9233) has broken beneath 0.93 forcefully and presently testing the significant help territory of 0.9200-0.9150. However the current structure indications at conceivable downmove towards 0.8950 on a break beneath 0.9150.

Gold (1294.149) and Silver (19.432) are stable for now and may continue to remain ranged but are currently testing channel resistance near current levels. The Gold-Silver ratio (66.55) has been overall rising since mid-Feb’2014 and may target higher towards 67.50 in the near term. This may suggest a near term rise in Gold while Silver may remain range-bound. Overall long term trend is down.
 

CommexFX

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Daily Outlook 22-05-2014

The Euro (1.3673) is in an exceptionally feeble state and any ricochet is relied upon to face offering weight. In spite of the fact that the likelihood of ascent still makes due over 1.3650, expect more fall towards sub-1.35 as long as it stays beneath 1.3800.

Dollar-Yen (101.54) bears neglected to break the long haul backing of 100.70-60 and got hit by a sharp bob not surprisingly. A break over 101.75-102.00 may bring back uptrend and expand the rally further towards 103.00.

The Euro-Yen (138.84) is trying a vital Support here around 138.70-30 and could endeavor a bit of a bob. However unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94 or considerably lower towards 136.

The Pound (1.6888), the strongest among the real monetary standards now, searches set for further climb to 1.70-71 as long it exchanges over 1.6730. Just a break underneath 1.6730 could refute the uptrend and afterward a dip to sub-1.6600 levels would be on cards.

The Aussie (0.9263) is attempting to keep afloat real help zone of 0.9200-0.9150 after the sharp fall. Anyway the current structure indications at more downmove towards 0.8950 on a break underneath 0.9150.

Gold (1291.91) looks frail yet has been exchanging close pivotal channel backing and safety for the last 3-sessions. Unless a break underneath 1290, we may even now anticipate that a slight ricochet will 1300. While Silver (19.435) remaining parts steady for the present, both metals keep on raning sideways.
 

CommexFX

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Daily Outlook 23-05-2014

Euro (1.3651) continues exchanging at a 3-month low and any ricochet is required to face offering weight. It is trying a minor swing low at 1.3630 to keep the likelihood of an ascent alive yet more fall is not out of the ordinary towards sub-1.35 as long as it stays underneath 1.3800.

Dollar-Yen (101.78) bears neglected to break the long haul backing of 100.70-60 and got hit by a sharp skip of course. A break over 101.75-102.00 may bring back uptrend and augment the rally further towards 103.00.

Euro-Yen (138.94) is trying an essential Support here around 138.70-30 and could endeavor a bit of a skip. Be that as it may unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94 or much lower towards 136.

Pound (1.6869), the strongest among the real coinage now, searches set for further climb to 1.70-71 as long it exchanges over 1.6730. Just a break beneath 1.6730 could refute the uptrend and afterward a dip to sub-1.6600 levels would be on cards.

Aussie (0.9247) is attempting to keep afloat significant help territory of 0.9200-0.9150 after the sharp fall. Anyway the current structure indications at more downmove towards 0.8950 on a break underneath 0.9150.

Gold (1294.96) attempted to climb over 1300 yet returned to test channel backing close to 1290 as Dollar fortifies against significant monetary forms. Close term combining may proceed with yet further course can’t be guaranteed unless a maintainable break on either side of the 1280-1310 locales is seen.
 

CommexFX

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Daily Outlook 27-05-2014

Euro (1.3662) is making a Matching Low at 1.3613, near the trendline help at 1.3590-80 and this bob may take Euro higher to 1.3700-30. Anyway the shortcoming stays in place beneath 1.3800 and any skip is required to face offering weight.

Dollar-Yen (101.97) is trying our safety region of 102 and a break over 102.00-15 may take it to the real supply zone at 102.75-103.00.the Euro-Yen (139.29) is skipping from a critical Support around 138.70-30 however unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94 or significantly lower towards 136.

Pound (1.6864) has experienced a sharp rectification recently yet the uptrend stays in place for focuses of 1.70 as just a break beneath 1.6730 could refute the uptrend and after that a dip to sub-1.6600 levels would be on cards. Look for a break over 1.6900-20 for quality.

Aussie (0.9256) is attempting to keep afloat significant help zone of 0.9200-0.9180 after the sharp fall, however the current structure stays powerless. Are the Bulls thinking about a vast Cup & Handle breakout within a brief span of time?

Gold (1291.61) keeps on remainning steady inside the 1280-1304 locales. Unless we see a break on either side of the extent, further bearing can’t be dead set. Silver (19.391) is likewise steady however is trying urgent long haul backing close present levels hanging in the balance outline. This may prompt 19.66 again yet unless a break over 19.66 is seen, it may remain extent bound.
 

CommexFX

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Daily Outlook 28-05-2014

Euro (1.3637) is attempting to discover some purchasing near the trendline help at 1.3590-80 and this endeavor, if fruitful, may take Euro higher to 1.3700-30. Be that as it may the shortcoming stays in place beneath 1.3800 and any bob is relied upon to face offering weight at the more elevated amounts.

Dollar-Yen (101.93) has been confronting offering weight precisely from our safety at 102.00-15 however a break over this safety is obliged to take it to the real supply zone at 102.75-103.00.the Euro-Yen (138.99) is in a sideways move in 138.50-139.50 in the wake of skipping from an imperative Support around 138.70-30 yet unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94 or considerably lower towards 136.

Pound (1.6812) has experienced a sharp adjustment recently however the uptrend stays in place for focuses of 1.70 as just a break underneath 1.6730 could nullify the uptrend and afterward a dip to sub-1.6600 levels would be on cards. Look for a break over 1.6900-20 for quality.

Aussie (0.9261) is attempting to keep afloat significant help territory of 0.9200-0.9180 after the sharp fall, yet the current structure stays frail. A break past the more extensive reach of 0.92-0.94 may transform the following significant directional move.

Gold (1264.68) drooped pointedly to 1261 yesterday, (falling more level than our normal 1280 levels) on superior to expected US information that may help the Federalreserve to further check boost. It is trying vital backing close to 1260 which if keeps may cut it down to 1280-1294 else it may confront the risk of falling towards 1230-1225 levels. General our perspective keeps on remainning bearish in the close term.
 

CommexFX

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Daily Outlook 29-05-2014

Euro (1.3605) is trying the trendline help at 1.3590-80 and may attempt to bob once more to 1.3700-30. Anyway the shortcoming stays in place beneath 1.3800 and any skip is required to face offering weight at the larger amounts.

Dollar-Yen (101.68) has been pushed down precisely from our safety at 102.00-15 however a break over this safety is obliged to take it to the higher safety at 102.75-103.00.the Euro-Yen (138.35) is additionally trying the last swing low close to 138 (likewise 200 DMA at 138.30) as all endeavors to break over 140 have fizzled so far and searches all set for a tumble to 136-135 in the following few sessions.

The uptrend in Pound (1.6723) has been killed with this break of 1.6730 and now a dip to 1.6670-20 can’t be discounted. Presently it stays to be checked whether the last trust for the bulls at 1.66 remaining parts secured or not.

Aussie (0.9274) tried the help range at 0.9200-0.9180 at the end of the prior day bobbing strongly. Yet in any case we sit tight for a break past the more extensive reach of 0.92-0.94 which may handle the following significant directional move.

Gold (1257.126) has started a sharp fall which may focus on 1225 in the impending sessions. In spite of the fact that it is trying a close term backing close to 1257-1260, possibilities of breaking beneath is higher. Notwithstanding, in the event that it bobs back from current levels it may focus on 1280 preceding again continuing the fall. General our more extended term bearish perspective holds.
 

CommexFX

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Daily Outlook 30-05-2014

No indication of quality is noticeable yet in the Euro (1.3605) as it tests the trendline help at 1.3590-80 and may attempt to skip over to 1.3700-30. Be that as it may the shortcoming stays in place beneath 1.3800 and any skip is relied upon to face offering weight at the larger amounts.

Dollar-Yen (101.54) must break over 102.15 to climb higher towards the following safety at 102.75-103.00. Inside this expansive sideway run of 100.50-103.00, any quick bullish probability gets by till 101.20. The Euro-Yen (138.16) is likewise trying the last swing low close to 138 (additionally 200 DMA at 138.30) as all endeavors to break over 140 have fizzled so far and searches all set for a tumble to 136-135 in the following few sessions.

The shortcoming and misfortune of bullish energy in Pound (1.6733) is purported and now a dip to 1.6670-20 can’t be precluded. Be that as it may it stays to be checked whether the last trust for the bulls at 1.66 remaining parts ensured or not.

The Aussie (0.9313) looks all set to test the real safety region of 0.9400-50 yet a break over 0.94 may help it to move beyond the whole supply zone and push it up towards 0.96-0.97. A disappointment close to 0.94 would mean an alternate little plunge and all the more sideways move in the extent of 0.92-0.94.

Gold (1257.587) is steady for the present while in a downtrend and underneath 1261.10, it may fall towards 1225 in the nearing weeks. Testing a close term backing close to 1257-1260, shots of fall is higher.
 

CommexFX

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Daily Outlook 2-06-2014

Euro (1.3628) has been attempting to make a bullish example like the Morning Star and may attempt to skip once more to 1.3700-30. Be that as it may the shortcoming stays in place beneath 1.3800 and any bob is required to face offering weight at the larger amounts.

Dollar-Yen (102.05) is near breaking over 102.15 to indicator an ascent towards the following safety at 102.75-103.00, even 103.50.

The Euro-Yen (139.04) has ricocheted from the significant backing at 138 and may rally to 139.40 or even 140 if Euro figures out how to fortify further against the Dollar. Underneath 138, the route to 136-135 opens up.

The shortcoming and misfortune of bullish energy in Pound (1.6744) is professed and now a dip to 1.6670-20 can’t be discounted. Anyway it stays to be checked whether the last trust for the bulls at 1.66 remaining parts ensured or not.

The Aussie (0.9263), in spite of the desires, has neglected to test the 0.94 levels and consequently stays stuck in the extent of 0.92-0.94 for the time being. Just a break of this reach of 0.92-0.94 may prepare any significant moves.

Gold (1248.41) and Silver (18.789) shrank on steady values and easier US GDP information, breaking 1257 obviously. Gold is prone to see help levels close to 1230-1225 on the off chance that it keeps falling with such force. Silver then again may test backing close to 18.5 from where it may bob over to 19-19.5 locale. Close term stays bearish.
 

CommexFX

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Daily Outlook 4-06-2014

EUR/USD was exchanging at 1.3627, up 0.22% at time of writing.the pair was prone to discover help at 1.3586, Thursday’s low, and safety at 1.3650, Friday’s high.meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP picking up 0.20% to hit 0.8136 and EUR/JPY climbing 0.33% to hit 139.69.

GBP/USD hit 1.6782 throughout U.s. morning exchange, the pair’s most elevated since May 28; the pair hence solidified at 1.6749, creeping up 0.01%. Link was prone to discover help at 1.6693, the low of May 29 and safety at 1.6816, the high of May 28.Australia’s first quarter GDP information climbed 1.1%, contrasted with a 1.0% addition expected.aud/USD exchanged at 0.9284, up 0.19%, after the information. Prior Australian AIG Group’s Services Index for May rose to 49.9 from a 48.6 perusing in April.

Gold costs picked up in Asia Wednesday on a bounce back from overnight with financial specialists hunt down interest signals. Gold costs bounce back marginally in Asia, interest signals wantedgold costs up in Asia
On the Comex division of the New York Mercantile Exchange, gold for August conveyance exchanged at $1,245.30 a troy ounce, up 0.06%.
 

CommexFX

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Daily Outlook 5-06-2014

Euro (1.3598) is unstably trying the help zone of 1.3590-70 for the last 6-7 sessions, holding up for the following ECB step. A breakout of the reach of 1.3570-1.3650 may focus the fleeting course even while the real pattern stays down.

Dollar-Yen (102.56) is taking a stop in the wake of arriving at our beginning focus of 102.75 and now may achieve even 103.00-50. The Euro-Yen (139.45) has officially pulled back from 140 of course. The fall would be deeper on a break beneath 139.30-139.00.

Pound (1.6746) is stuck in the little run of 1.6690-1.6790 for a week now. This reach may be broken today and a dip to 1.6670-20 can’t be precluded. Yet it stays to be checked whether the last trust for the bulls at 1.66 remaining parts ensured or not.

The Aussie (0.9277) remaining parts stuck in the reach of 0.92-0.94 for the present with no acceptable transient directional intimations. Just a break of this reach of 0.92-0.94 may generate any genuine moves. An alternate test of 0.9215-0.92 may indicate the end of this curative mode.

Gold (1243.77) remaining parts steady for the present at easier levels close to 1240. It may confront a danger of further fall if the European Central Bank cuts rates which may reinforce the US Dollar. While over 1240, it may keep on consolidaing sideways inside the 1240-1260 areas yet a fall beneath 1240 may push it down to 1230-1225 levels. Close term looks bearish while in a general downtrend.
 

CommexFX

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Daily Outlook 6-06-2014

On the off chance that you had taken a gander at the EURUSD rate first thing at the beginning of today and afterward contrasted it and the rate as we approached the end of the European session, it was really level, give or take a couple of premise focuses. In any case, the smooth shrouds a gigantic measure of instability in the single cash and an emotional venture into the obscure from the ECB.

GBP/USD has edged higher on Thursday as the pair plays with the 1.68 line in the North American session. On the discharge front, there were no astonishments from the Bank of England, which rolled out no improvements to premium rate levels or its QE program. Halifax HPI was extraordinary, hopping 3.9% in May. In the US, Unemployment Claims moved higher missed the assessment.

USD/CAD is consistent on Thursday, as the pair exchanges the mid-1.09 extent in the North American session. On the discharge front, the news was not positive. Canadian Building Permits and Ivey PMI were fortunate their appraisals. In the US, Unemployment Claims rose and likewise missed the figure.
 

CommexFX

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Market Outlook 11-06-2014

EUR/USD was down 0.38% at 1.3541, up from a session low of 1.3534 and off a high of 1.3602.the sets was prone to discover help at 1.3503, Thursday’s low, and safety at 1.3677, Friday’s high.rising Treasury yields, four months of robust month to month employments reports and other energetic monetary markers in the U.s. sent speculators pursuing the dollar on Tuesday.

GBP/USD hit 1.6759 throughout U.s. morning exchange, the pair’s most reduced since June 5; the pair consequently merged at 1.6767, shedding 0.21%.cable was prone to discover help at 1.6699, the low of June 4 and safety at 1.6845, the high of June 6.

USD/JPY was down 0.15% to 102.37, off session lows of 102.22. USD/CHF rising 0.26% to 0.8993.AUD/USD easing up 0.09% to 0.9362 and NZD/USD rising 0.22% to 0.8512. USD/CAD edged up 0.10% to 1.0913.

Gold prospects for August conveyance exchanged at $1,259.60 a troy ounce, down 0.04%, in the wake of hitting an overnight session low of $1,250.40 and off a high of $1,263.70. The European Central Bank’s late choice slice premium rates kept on weighing on the euro, which reinforced gold’s claim as a support.
 

CommexFX

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Daily Outlook 12-06-2014

Euro (1.3545) has lost almost the majority of the most recent increase in the wake of making the significant bottom at 1.35, in opposition to our desire. We must watch the value movement at the help range of 1.3500-3475 now before taking any stance however the bullish perspective is still not discredited completely.

Dollar-Yen (102.10) has tried precisely the help range of 101.95-85 however the Dollar bulls require a break over the 9 week long extend of 101-103 to continue the rally. The Euro-Yen (138.30) is attempting to skip on the over of to some degree firmer Euro however the downside danger of testing 137 levels is unmistakably there.

Pound (1.6800) is still held inside the past week’s reach however is approaching the upper end of the extent and the break out level at 1.6850 at the end of the day. Keep an eye on 1.6690-40 for backing and 1.6850 for safety.

The Aussie (0.9374) has tried yet neglected to break over 0.9410, the last swing high, to affirm the middle of the road uptrend. 2-34 days of union before any breakout would be more valuable for the bulls.

Gold (1260.44) is exchanging above significant 1260 levels, and if this manages we may see 1280 in the nearing sessions. Close term is bullish while the general long haul is still bearish.

Silver (19.18) made a high of 19.33 yesterday yet fell off from that point marginally. It may focus on 19.4-19.5 in the nearing sessions and a break over 19.5 may take it higher towards 20-20.5. At the same time there are shots of safety close to 19.5 holding which would then keep the costs extended underneath 19.5.
 

CommexFX

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Daily Outlook 26-06-2014

At 1.3650, Euro (1.3633) has tried the higher end of its tight contracting extent of 1.3550-1.3650 yet it needs to affirm the bullishness by a break over 1.3680-90, which may prompt revives towards 1.38 or more.

Dollar-Yen (101.75) is stuck in the reach of 101.50-102.75 for the about two weeks not surprisingly. Presently just a break over 102.70 or beneath 101.50 may bring any directional move. The Euro-Yen (138.71) has been in a lethargic mode as both Euro & Yen are stagnant for the last few days. In any case it runs the downside danger of testing 137 however there is a bullish inversion plausibility, recommended by pointers, to be affirmed just on a break over 139.50-60.

Pound (1.6990) is amending the last sharp climb and may test 1.6925-1.6900 now yet this rectification ought to be constrained to 1.69 to keep the bullish force in place.

A breakout in a low instability environment is extremely troublesome and Aussie (0.9400) demonstrated that by neglecting to break over 0.9440-60 and go into the extent of 0.9200-0.9450 which may proceed for a couple of sessions more.

Gold (1318.90) changed profoundly in the 1325-1310 locale. Note that the 1325-1330 zone is vital and can possibly push the costs down to 1300-1290 and further to 1250 levels. The Gold-WTI proportion (12.35) has precisely fallen off from safety at 12.5 and may now tumble to 12-11.3 levels demonstrating that Gold costs may drop in the impending sessions.
 
 
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