13-Dec-16: Trend table outlook for FX, Commodities,Indices

By | December 13, 2016

Trend Table:  Tuesday, December 13, 2016

Daily Outlook:

The dollar is a little heavy due to pre-FOMC position squaring, while stocks, having made another all-time high have turned to head a little lower. While not wanting to hold anything through the FOMC, some short term trends appear to be in play. Further weakness in the dollar looking possible, with some Yen strength also seeming to lie ahead, at least for the next few hours. US stocks also appear set to remain corrective and could see slightly lower levels although the longer term charts still retain their bullish tone.

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.

 

 

EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Up

Down

Neutral

Turning lower

Turning lower

Turning lower

4 Hour

Up

Turning lower

Neutral

Turning lower

Neutral

Neutral

Day

Neutral

Overbought –Turning lower?

Neutral

Neutral

Up

Up –Losing Momentum?

Week

Turning lower

Up

Turning higher

Turning higher

Neutral – Turning lower?

Neutral – Turning lower?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Down

Down

Neutral

Neutral

Neutral

Down

4 Hour

Turning lower

Turning lower

Turning lower

Neutral

Neutral

Turning lower – Bearish Divergence

Day

Up

Up – Becoming Overbought

Turning higher

Down -Possible basing formation

Up

Up

Week

Up – Bearish Divergence?

Up

Turning higher

Turning lower

Neutral

Neutral

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Turning lower

Neutral

Neutral

Down

Neutral

Neutral

4 Hour

Neutral

Neutral

Neutral

Turning lower

Turning higher

 

Neutral

Day

Up –Possible topping formation

Neutral –Turning higher?

Neutral

Up –Possible topping formation

Neutral

Neutral

Week

Up

 

Down

Turning higher

Up

Neutral

Neutral