15-Aug-17: Trend table outlook for FX, Commodities, Indices.

By | August 15, 2017

I am not really convinced by any of the charts today. The Aud looks a little heavy and may see some volatility after the RBA Minutes while the Chf looks soft again and might remain under pressure against the dollar, at least in the short term. WTI also looks heavy, and it may be worth selling into any short term strength.

I will be away for 4 week’s as of tomorrow so this will be the last trend table until I return.

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*Trade of the day: 8/15/2017 6:31 AM (AET)

Sell AudUsd @ 0.7880. SL @ 0.7920, TP @ 0.7785

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

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EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Turning lower

Neutral

Neutral

Up – Possible topping formation.

Turning lower

Neutral

4 Hour

Neutral

Turning higher

Neutral

Turning higher

Neutral – Turning lower?

Neutral -Turning higher?

Day

Turning lower

Turning lower

Turning lower

Neutral-Turning lower?

Down

Down

Week

Up

Neutral

Turning higher

Neutral

Up

Turning lower

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Possible topping formation.

Turning lower

Possible topping formation.

Neutral

Neutral

Down

4 Hour

Up

Turning higher

Turning higher

Turning lower topping formation.

Turning lower

Turning lower

Day

Neutral –Turning lower?

Turning lower?

Neutral

Turning higher

Turning higher?

Turning lower?

Week

Neutral -Bearish Divergence

Neutral -Bearish Divergence

Neutral

Neutral

Neutral

Neutral – Turning higher?

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Neutral

Neutral

Neutral

Neutral

Neutral

Neutral

4 Hour

Turning higher

Neutral

Turning higher

Turning higher

Turning higher?

Turning lower

Day

Turning lower

Neutral –Turning higher?

Neutral

Turning lower

Turning higher

 

Neutral –Turning higher

Week

Up –Possible topping formation.

Turning higher

Neutral –Turning lower?

Turning higher

Neutral

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), a medium term trend (4 hour/daily 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.