19 Jan: Trend table outlook for FX, Commodities, Indices.

By | January 19, 2018

The US$ looks set to remain under pressure today, with the direction to be provided by whether the Government faces a shutdown or not. The German coalition vote will take place on Sunday so in the meantime it is not worth taking too much risk as Monday could see quite a gap at the opening levels. In the meantime, range-trading most pairs either side of current levels, but closing all positions ahead of the weekend would seem a reasonable plan. Leaving the Euro and the US$ aside, I still like Sterling, and that looks good for further gains on the charts, so buying dips seems to be the plan.

*Trade of the day: 1/19/2018 8:01 AM (AET)……

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

Buy GbpUsd @ 1.3800. SL @ 1.3760, TP @ 1.3990