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

By | February 13, 2017

It seems that the positive risk sentiment of recent sessions is set to continue, with stocks and the commodity bloc both looking to remain in demand, at least in the short term. The US$ seems rather mixed, as has also been the case recently, while some of the crosses are beginning to look a little more interesting, with EurAud looking heavy and AudNzd appearing to have further upside potential. Perhaps this means that the AudUsd is about to break out of its recent range to make higher ground?

 

EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Turning higher

Down

Neutral

Down

Up

Turning higher

4 Hour

Possible basing formation. – – Turning higher?

Turning higher?

Neutral

Possible topping formation. -Turning lower?

Turning higher

Turning higher

Day

Turning lower

Turning higher

Neutral

Up

Neutral

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 -Bearish Divergence

Up -Bearish Divergence

Up -Bearish Divergence

Neutral

Up

Turning lower

4 Hour

Up

Up

Up

Neutral

Turning higher

Up

Day

Neutral – Turning higher?

Neutral – Turning higher?

Neutral

Neutral

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

Turning lower

Neutral

Neutral

Up –Bearish Divergence?

Turning higher

Up –Bearish Divergence

4 Hour

Neutral

Neutral

Turning lower

Neutral

Turning lower

Up

Day

Turning lower?

Neutral

Neutral

Neutral

Turning lower?

Turning higher

Week

Turning lower?

 

Neutral – Turning lower?

Neutral

Up – Possible topping formation.

Neutral –Turning lower

Neutral –Turning higher?

 


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.