17 Apr: Trend table outlook for FX, Commodities, Indices.

By | April 17, 2018

The heat map is once again a little indecisive although Sterling looks as though it is gathering pace on the topside, and if 1.4345 is taken out, pretty much at current levels, there is really not an awful lot of technical resistance to stop in heading back to the pre-Brexit high at 1.5017 against the US$. On the crosses too, Sterling looks bid and trading from the long side is preferred against both the Euro and against the Aud and Kiwi and buying dips in each case is preferred.

US$Jpy currently looks heavy, but with the dailies/weeklies looking constructive, buying dips is preferred, albeit with a tight SL.

*Trade of the day: 4/17/2018 8:33 AM (AET)         

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

Buy US$Jpy @ 106.70. SL @ 106.30, TP @ 107.70

Buy GbpUsd @ 1.4270. SL @ 1.4220, TP @ 1.4400