18 November Trend Table

By | November 19, 2016

Trending table

The products marked in red/green mark suggest a longer term trend, where the dailies are aligned (or seem to be aligning with) with the weekly indicators.

The shorter term (1+4 hours) momentum indicators may also be aligned with the longer term charts, but more likely will suggest a buy or sell level on a pull back. In order to work out shorter 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 FX charts daily outlook, using the buy/sell support and resistance levels, mentioned in the individual currency pairs, commodities or indices, as a guide.

Green = Possible Buy Opportunity

Red = Possible Sell Opportunity

  EURUSD USDJPY GBPUSD USDCHF AUDUSD NZDUSD
1 Hour Down Turning higher Flat Up Down -Becoming Oversold Down
4 Hour Oversold –Turning higher? – Bullish Divergence Overbought- turning lower Flat Up – Losing Momentum Down – Becoming Oversold Turning lower – Bullish Divergence?
Day Down Up Neutral Up Down Down
Week Neutral – Turning lower Up Oversold- turning higher Turning higher Turning lower Turning lower
             
  S+P DJI ASX SPI GOLD SILVER OIL-WTI
1 Hour Flat Flat Neutral Turning lower Turning lower Turning lower
4 Hour Neutral – Bearish Divergence? Neutral – Bearish Divergence? Turning higher Neutral Neutral Turning lower
Day Up Up Up Down Down Turning higher
Week Turning higher Turning higher Down – Possibly turning Neutral Turning lower Turning lower Turning lower
             
  EURJPY EURGBP GBPAUD AUDJPY EURAUD AUDNZD
1 Hour Flat Turning lower Turning higher Neutral Neutral Turning higher
4 Hour Turning lower Neutral Turning higher Down Turning higher

 

Down
Day Up- Losing Momentum Down Neutral –Turning higher Up –Losing Momentum Neutral Neutral
Week Up

 

Overbought – Turning Lower Turning higher Up Neutral Turning higher

 

 

The trend tables are based on the direction of the oscillators; MACDs, RSIs, Slow Stochastics