20 Apr: Trend table outlook for FX, Commodities, Indices

By | April 20, 2018

It was a wild ride on Thursday, especially in Cable where the selling rallies theory was vindicated, and which appears to still be the plan although it is highly volatile so make sure of leaving appropriate stops.

I still like US$Chf as well although we do need to close the week above 0.9690 to add confidence of a move towards 0.9800 next week.

The Aud and Kiwi now look heavy and selling rallies here is preferred

Although it looks neutral in the charts, US$Jpy is creeping slowly higher and as long as 106.60 holds I like it for a move towards 108.00. Prefer to buy dips towards 107.00.

*Trade of the day: 4/20/2018 8:48 AM (AET)         

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

Buy US$Chf @ 0.9695. SL @ 0.9645, TP @ 0.9765

Sell AudUsd @ 0.7740. SL @ 0.7770, TP @ 0.7640

Sell NzdUsd @ 0.7290. SL @ 0.7330, TP @ 0.7190

Buy US$Jpy @ 107.00. SL @ 106.55, TP @ 108.05