16 July: Trend table outlook for FX, Commodities, Indices

By | July 16, 2018

The US$ looks as though it could come under some mild downside pressure on Monday, although medium term traders will probably be looking for any dips in order to buy into it as the medium term uptrend loks set to continue, albeit possibly later in the week.

Elsewhere, there is little to go on although Gold and Silver will come under some headwinds if the dollar does continue to rise, so once again, I suspect that lookingto sell near term rallies may be the plan.

The crosses are mixed, although the Aud$ does look as though it may see some strength against the Yen and the Kiwi.

Range Trade: EurUsd: 1.1620/1.1720

Sell EurUsd @ 1.1720. SL @ 1.0760, TP @ 1.1650

Sell AudUsd @ 0.7450. SL @ 0.7480, TP @ 0.7350

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*Trade of the day: 7/16/2018 6:57 AM (AET)                           

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