16 Mar: Trend table outlook for FX, Commodities, Indices.

By | March 16, 2018

The US$ looks a little more positive today, with the Aud in particular under some pressure and looking as though it is in for further losses both against the dollar and also on the crosses. US$Chf also looks bid again and I suspect if the dollar is going to move higher, this will be leading the way. EurGbp also looks to be building some downside momentum.

Stocks remain choppy/neutral,  as does oil. Gold looks a little heavy in the short term and if the current dollar strength continues we could yet see a retest of 1302/1300 strong support.

Buy US$Chf @ 0.9485. SL @ 0.7445, TP @ 0.9610

Sell AudUsd @ 0.7830. SL @ 0.7865, TP @ 0.7725

*Trade of the day: 3/16/2018 7:29 AM (AET)         

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