19 June: Trend table outlook for FX, Commodities, Indices

By | June 19, 2018

While the overall view of a stronger US$ in the days ahead remains unchanged, I suspect we are on for some consolidation, and maybe a downside bias for the coming session in order to allow the short-term momentum indicators the chance to unwind. If so, buying dollars on dips is preferred.

Elsewhere, the ASX looks set to remain bid, while gold once again looks heavy. Sell rallies.

In the crosses, the Euro looks better bid today, and we could see some upside in both EurGbp and EurAud. I still like to sell into any decent EurGbp rally.

Sell EurUsd @ 1.1670. SL @ 1.1720, TP @ 1.1520

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*Trade of the day: 6/19/2018 6:43 AM (AET)                        

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