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
|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?|
|Week||Neutral – Turning lower||Up||Oversold- turning higher||Turning higher||Turning lower||Turning lower|
|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|
|Week||Turning higher||Turning higher||Down – Possibly turning Neutral||Turning lower||Turning lower||Turning lower|
|1 Hour||Flat||Turning lower||Turning higher||Neutral||Neutral||Turning higher|
|4 Hour||Turning lower||Neutral||Turning higher||Down||Turning higher
|Day||Up- Losing Momentum||Down||Neutral –Turning higher||Up –Losing Momentum||Neutral||Neutral|
|Overbought – Turning Lower||Turning higher||Up||Neutral||Turning higher
The trend tables are based on the direction of the oscillators; MACDs, RSIs, Slow Stochastics