21 Nov: Trend table outlook for FX, Commodities, Indices.

By | November 21, 2017

*Trade of the day: 11/21/2017 9:10 AM (AET)……

The US$ generally looks underpinned today against all the majors although the commodity currencies currently look a little more neutral while working up the appetite to continue their longer term move lower.  Further out, the US$/majors are giving mixed signals, so while I think the dollar could continue to move higher, a fairly nimble stance is needed.

On the crosses I still like GbpAud and EurAud for the medium term although the short term momentum indicators suggest that we may see better levels to buy them and EurAud in particular is looking a bit heavy in the near term.

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

Sell AudUsd @ 0.7585. SL @ 0.7610, TP @ 0.7515

Buy GbpAud @ 1.7450. SL @ 1.7310, TP @ 1.7625

Buy EurAud @ 1.5450. SL @ 1.5325, TP @ 1.5600