Changes are coming!

Dear subscriber. Thanks for all your support in the last seven years. FX Charts is pleased to inform everyone that we are going to upgrade our services. Changes will be ongoing although in the short term, as far as the website is concerned, the content and the daily outlook will not change too much. The biggest immediate change… Read More »

21 July: Forecast: Stock Indices, Commodities

  S&P: 2473 24 Hour Outlook: Neutral Medium Term: Neutral Preferred 24-hour Strategy: Neutral Another day, another all-time high, today @ 2475. With the daily momentum indicators pointing higher, further gains would seem likely in the days ahead although the short term charts are looking a little mixed today so some caution is warranted. A continuation of the… Read More »

21 July: Forecast: FX: US$/Majors

  EURUSD: 1.1633 24 Hour Outlook: Prefer to buy dips Medium Term: Prefer to buy dips. Preferred 24-hour Strategy: Prefer to buy dips towards 1.1550 with SL sub 1.1475 looking for a move towards 1.1700. In the absence of any data, it could end up being a tight session. On the topside, having taken out the May 2016… Read More »

20-Jul-17: Trend table outlook for FX, Commodities, Indices.

The short term charts suggest the chance of some minor US$ strength today, and ahead of the BOJ/ECB Meetings, the dollar does look slightly more constructive. On the other hand, the longer term indicators look less positive as far as the dollar is concerned and possibly hint that we should be selling into any near term rally. Stocks… Read More »

20 July: Forecast: Stock Indices, Commodities

  S&P: 2471 24 Hour Outlook: Mildly Bullish Medium Term: Neutral Preferred 24-hour Strategy: Neutral Tech stocks have pushed the S+P to new highs, and with the daily momentum indicators aligning slightly higher further gains would seem likely. The short term charts are also looking more constructive and a continuation of the squeeze to the topside would not… Read More »

20 July: Forecast: FX: US$/Majors

  EURUSD: 1.1513 24 Hour Outlook: Prefer to buy dips Medium Term: Prefer to buy dips. Preferred 24-hour Strategy: It all looks set to be rather choppy, but with the longer term momentum indicators still looking positive, buying dips would seem to be the plan. Wait for Draghi but possibly looking to buy at around the minor rising… Read More »

19-Jul-17: Trend table outlook for FX, Commodities, Indices.

A big day yesterday, with the US$ and the Aud$ in particular contributing to some big currency moves. The charts generally suggest that further US$ weakness may lie ahead against most pairs, with the Eur, Gbp, Chf and Aud in particular looking as though they could make new multi year highs in coming sessions. With that in mind,… Read More »

19 July: Forecast: Stock Indices, Commodities

  S&P: 2459 24 Hour Outlook: Neutral Medium Term: Neutral Preferred 24-hour Strategy: Neutral With the daily momentum indicators aligning slightly higher further gains would eventually seem likely although the short term charts are now neutral and another rangebound session would not surprise. Personally, I prefer to remain sidelined at these levels. Resistance Support 2480 Minor 2447 Session… Read More »