20-Jan-17: Trend table outlook for FX, Commodities, Indices

By | January 20, 2017

There really is not a lot to go on today, and we are clutching at straws in looking for inspiration ahead of the Trump inauguration. It may be a session for the day traders, looking to make a few pips here and there but the charts are all rather mixed, suggesting a cautious stance is required heading into next week.

 

EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Turning Higher

Turning Lower

Neutral

Turning Lower

Neutral

Turning Higher

4 Hour

Turning Lower

Turning Higher

Neutral

Neutral

Turning Lower

Neutral

Day

Up

Neutral

Turning Higher?

Down

Up

Up

Week

Down -Possible Basing Formation?

Up -Possible topping formation

Neutral – Turning Lower?

Turning Lower

Neutral -Turning Higher

Neutral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Neutral

Turning Lower

Turning Lower

Up

Up

Neutral

4 Hour

Neutral

Neutral

Turning Higher

Down

Neutral

Neutral

Day

Turning Lower

Down

Down

 

Up

Turning Higher

Down

Week

Up –Possible topping formation?

Up –Becoming Overbought – Possible topping formation?

Up  – Possible Topping Formation.

Down – Possible Basing Formation

Neutral

Neutral – Turning higher?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Turning Lower

Neutral

Neutral

Turning Lower

Turning Higher

Down

4 Hour

Up

Turning Lower

Neutral

Up

Turning Lower

Neutral

Day

Down

Turning Lower

Neutral -Turning Lower?

Neutral

Down

Neutral

Week

Up – Turning Neutral?

 

Neutral -Turning Higher?

Turning Lower?

Neutral

Neutral

Neutral

 


Green = Possible Buy Opportunity.

Red = Possible Sell Opportunity.

The products marked in red/green suggest either a short term (1hour/4 hour charts) or a longer term trend, where the dailies are aligned or seem to be aligning with the weekly indicators.

The shorter term (1+4 hour)) momentum indicators may also be aligned with the longer term charts, but equally likely, they may be pointing in the opposite direction and may suggest a buy or sell level on a pullback, in which case they may show a short term bias that differs from the longer term trend. In order to work out the short 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 daily outlook on www.fxcharts.net using the buy/sell support/resistance levels mentioned in the individual currency pairs, commodities or indices as a guide.

The trend tables are based on the direction of the oscillators for the various time frames, using a combination of MACDs, RSIs and Slow Stochastics.