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

By | June 20, 2018

US$ strength seems set to remain the main theme in coming sessions, with the Aud and the Kiwi looking particularly vulnerable, although the short term bullish divergence seen on the hourly charts may provide a better level in which to get short of each currency.

The Yen and the Chf also look a little better bid today and may see further safe haven demand in coming session so buying each of the, probably in the crosses ay make sense, with AudJpy looking rather sick again today.

Gold and Silver appear to be a sell on rallies with WTI also looks heavy in the medium term.

I the other crosses, AudNzd may squeeze a bit higher but looks to be a sell, while EurGbp seems set to head a bit higher in the short term.

I will be flying london/Sydney tomorrow, so next update will be Monday. Have a good one.

Sell AudUsd @ 0.7400. SL @ 0.74600, TP @ 0.7300

Sell Gold @ 1285, SL @ 1301, TP @ 1250


*Trade of the day: 6/20/2018 6:26 AM (AET)                        

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