CMS PRIME DAILY MARKET REPORT

Transcription

1 CMS PRIME DAILY MARKET REPORT August 17, 2018

2 EURUSD long position at with SL : and with targets at and short position at with SL : and with targets at and Resistance 1 : Resistance 2 : Resistance 3 : Support 1 : Technically, the pair has located a key support at (a resistance seen on Wednesday and a reaction low seen yesterday). Currently it is trading at levels around the converging 20-day and 50-day moving averages, while the relative strength index has just dipped below the neutrality level of 50, showing a lack of upward momentum for the pair. Unless the key support at is violated, the pair should target and on the upside. However, below , expect a further decline toward on the downside. Support 2 : Support 3 : EURO DATA RELEASES : 09:00am Current Account 10:00am Final CPI y/y 10:00am Final Core CPI y/y

3 GBPUSD long position at with SL: and with targets at and short position at with SL : and with targets at and Resistance 1 : Resistance 2 : Resistance 3 : Support 1 : Support 2 : Support 3 : UK DATA RELEASES : Technically, the pair recorded a series of higher tops and higher bottoms since August 15, confirming a positive outlook. The 50-day moving average is turning upward. The relative strength index stays above its neutrality level at 50, showing the lack of downward momentum. Therefore, as long as holds on the downside, look for a rise with targets at and in extension. Alternatively, breaking below would bring a new down leg with and as targets. Fundamentally, British retail sales rebounded in July following a soft June, fueled by buoyant sales of food and drink during the soccer World Cup. The pickup offers a tentative sign that Britain s consumer-led economy entered the third quarter on a strong footing. Sales in July were 0.7% higher than in June and 3.5% higher than a year earlier, the Office for National Statistics said Thursday.

4 USDJPY long position at with SL : and with targets at and short position at with SL : and with targets at and Resistance 1 : Resistance 2 : Resistance 3 : Support 1 : Technically, the pair keeps climbing higher as a bullish bias is maintained by those welldirected technical indicators (20-day, 50-day moving averages, relative strength index). It has produced a bullish pattern of higher lows since rebounding from a low of seen Wednesday. Further advance toward (around a spike high seen yesterday) and (around the high of Wednesday) is expected. Alternatively, losing the key support at would open a path toward on the downside. Support 2 : Support 3 : DATA RELEASES :

5 USDCAD long position at with SL : and with targets at and short position at with SL : and with targets at and Resistance 1 : Resistance 2 : Resistance 3 : Support 1 : Support 2 : Support 3 : CANADA DATA RELEASES : 01:30pm CPI m/m 01:30pm Common CPI y/y 01:30pm Foreign Securities Purchases 01:30pm Median CPI y/y 01:30pm Trimmed CPI y/y 01:30pm Core CPI m/m Technically, the pair continues to ride on a rising trend line drawn from yesterday (August 16) and has repeatedly challenged the overhead resistance at (the highs of August 15-16). Intraday bullishness is well maintained by the ascending 20-day moving average, which has crossed above the 50-day one. In fact, upward momentum is evidenced by the relative strength index, which is well directed above the neutrality level of 50. Upon crossing , the pair should target on the upside. The trailing key support has been raised to , losing which would bring about a bearish reversal and call for a further decline toward on the downside. Fundamentally, Canadian manufacturing sales rose roughly in line with expectations in June, led by sharply higher sales of petroleum and coal products. Factory sales rose 1.1% in June from the previous month to a seasonally adjusted billion Canadian dollars ($44.20 billion).

6 AUDUSD BEARISH OUTLOOK short position at with SL : and with targets at and long position at with SL : and with targets at and Resistance 1 : Resistance 2 : Resistance 3 : Support 1 : Technically, the pair has retreated from a high of , which has become the key resistance. It is currently trading at levels below both the 20-day and 50-day moving averages, showing a bearish bias. The relative strength index showed a lack of upward momentum. As long as the key resistance at holds, the pair is expected to pull back to and on the downside. Alternatively, above , a further advance to on the upside is expected. Support 2 : Support 3 : DATA RELEASES :

7 USDCHF long position at with SL : and with targets at and short position at with SL : and with targets at and Resistance 1 : Resistance 2 : Resistance 3 : Technically, the pair rebounded along the upper boundary of the Bollinger Bands. The prices are supported by a rising 20-day moving average. The relative strength index is heading upward, showing the upside momentum for the pair. In this case, above , look for a new rise with targets at and in extension. Alternatively, below , expect a return with and as targets. Support 1 : Support 2 : Support 3 : US. DATA RELEASES : 03:00pm Prelim UoM Consumer Sentiment 03:00pm CB Leading Index m/m 03:00pm Prelim UoM Inflation Expectations

8 GOLD BEARISH OUTLOOK short position at with SL: and with targets at and long position at with SL : and with targets at and Resistance 1 : Resistance 2 : Resistance 3 : Technically, the pair keeps trading on the downside challenging the overhead resistance at pair bounced back from yesterday high of 1182 and expected to continue its downside movement, it is seeking resistance from the descending 20-day moving average, which stands below the 50-day one. Therefore, below the key resistance at 1182, the pair should proceed toward 1168 before declining toward Above 1182, expect a return to 1189 on the upside. Support 1 : Support 2 : Support 3 :

9 How to Read Report This is preferred strategy according to current technical outlook of pair. Ideal trade wiuld be : Entry level is given, Trader shoud enter at given level and take SL and Targets are given. represent if the price moved opposite to our preferred strategy. In that case wait for the price to move below the key support level. Belw that leve, ideal trade would be : Short position represent Sell at current price, T , T2:1334, SL : R1 Green upside arrow shows the indicator is giving bullish sign of price. Only that specific indicator is bullish. Red downside arrow shows that the indicator is giving bearish signal and this indicator indicating the downside movement.. Black box shows that the indicator at the time of analysis is neutral. It is neither giving bullish nor bearish signal.. DISCLAIMER/WARNING Risk Warning: Trading is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any trading transaction. Any transaction involving currencies, commodities or indices involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price. Moreover, the leveraged/geared nature of CFD trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated or stopped out, and you will be responsible for any resulting losses. Investors may lower their exposure to risk by employing risk-reducing strategies such as stop-loss or limit orders. Since the possibility of losing your entire cash balance does exist, speculation in the CFD products should only be conducted with risk capital you can afford to lose which will not dramatically impact your lifestyle. Copyright: The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects our current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterized by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable. Disclaimer :All information referred to in this research product is obtained from third party, as a result We or any of our division. cannot be held responsible for the accuracy or appropriateness of the information.