22-Dec: Trend table outlook for FX, Commodities,Indices

By | December 22, 2016

It has been a sideways session with diminishing interest as we head towards the holiday. More of the same looks likely, at least until the US session when a heavy data schedule could produce some volatility. Given the timing, staying square or positioning for the holiday period would seem to be the plan.

This will be the last update until Tuesday Jan 2. Have a very good holiday.

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.

 

 

EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Neutral

Neutral

Neutral

Neutral

Neutral

Up

4 Hour

Turning higher

Down

Neutral

Turning lower

 

Turning higher

               

Turning higher

               

Day

Down

Overbought – Turning lower?

Neutral

Turning higher

Down

Down

Week

Down

Up

Turning higher

Up

Neutral –Turning lower?

Neutral – Turning lower

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Neutral

Neutral

Neutral

Neutral

Neutral

Turning lower

4 Hour

Neutral

Neutral

Up –Possible topping formation?

Neutral

Turning higher

Turning lower

Day

Neutral

Neutral

Neutral

Possible basing formation

Turning lower

Neutral

Week

Up

Up

Turning higher

Down

Neutral -Turning lower?

Turning higher?

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Neutral

Neutral

Neutral

Neutral

Turning higher

Neutral

4 Hour

Neutral

Turning higher

Neutral

Neutral

Turning higher

Turning higher

Day

Turning lower

Turning higher?

Neutral

Turning lower

Neutral

Neutral

Week

Up

 

Down

Turning higher

Up

Neutral

Neutral