10-Feb-17: Trend table outlook for FX, Commodities, Indices

By | February 10, 2017

Stocks seem to ready to build on today’s gains, with the short term momentum indicators suggesting there could be more to com in the session ahead. In the currencies, the Kiwi seems to have further medium term losses ahead although the hourly charts suggest we could see better levels to sell into. The Yen again seems set to remain under short term pressure although further out the outlook is less certain.  The metals appear to have some short term losses ahead within their longer term uptrend.

 

EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Neutral

Up –Overbought.

Turning lower

Up

Neutral

Up – Bullish Divergence

4 Hour

Neutral

Up

Neutral

Turning higher

Neutral

Turning lower

Day

Turning lower

Turning higher

Neutral

Turning higher

Turning lower?

Down

Week

Turning Higher

Turning lower

Up

Turning lower

Neutral -Turning Higher?

Neutral – Turning higher?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Up- Becoming Overbought

Up

Up

Down

Turning lower

Neutral

4 Hour

Up

Turning higher

Up

Turning lower

Turning lower

Up

Day

Neutral

Neutral

Neutral

Up

Turning higher

Neutral

Week

Up –Possible topping formation

Up –Possible topping formation

Possible Topping Formation.

Turning higher.

Neutral –Turning higher?

Neutral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Up

Turning higher

Neutral

Up

Neutral

Turning lower

4 Hour

Up

Turning higher

Neutral

Neutral

Turning higher?

Up – Becoming Overbought

Day

Turning higher?

Neutral

Neutral

Neutral

Neutral –Turning lower?

Turning higher

Week

Turning lower?

 

Neutral – Turning lower?

Neutral

Up – Possible topping formation.

Neutral

Neutral

 


Green = Possible Buy Opportunity.

Red = Possible Sell Opportunity.

The products marked in red/green suggest either a short term (1hour/4 hour charts) or a longer term trend, where the dailies are aligned or seem to be aligning with the weekly indicators.

The shorter term (1+4 hour)) momentum indicators may also be aligned with the longer term charts, but equally likely, they may be pointing in the opposite direction and may suggest a buy or sell level on a pullback, in which case they may show a short term bias that differs from the longer term trend. In order to work out the short term trades, or to look for levels at which to enter the market hoping to take advantage of the longer term trend, this table should be used in conjunction with the daily outlook on www.fxcharts.net using the buy/sell support/resistance levels mentioned in the individual currency pairs, commodities or indices as a guide.

The trend tables are based on the direction of the oscillators for the various time frames, using a combination of MACDs, RSIs and Slow Stochastics.