1 May: Trend table outlook for FX, Commodities, Indices

By | May 1, 2018

The US$ looks set to remain firm according to the longer term charts, although with an EU holiday today it may be a mostly rangebound session. Any surprise from the RBA may bring about some volatility for the Aud$, and related crosses, while later on the US ISM Mfg PMI may provide something directional for the US$. Buying near term US$ dips does still seem to be the overall plan, while the Euro looks heavy on all fronts.

*Trade of the day: 5/1/2018 8:51 AM (AET)            

*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.

Sell EurUsd @ 1.2120. SL @ 1.2170, TP @ 1.2000

Buy US$Jpy @ 108.65. SL @ 108.40, TP @ 109.65

Buy US$Chf @ 0.9830. SL @ 0.9770, TP @ 0.9930

Sell AudUsd @ 0.7565. SL @ 0.7610, TP @ 0.7475

Sell NzdUsd @ 0.7070. SL @ 0.7120, TP @ 0.6970