22 Nov: Free FX/Commodities/Stocks Trending Table

By | November 22, 2016

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

The shorter term (1+4 hours) momentum indicators may also be aligned with the longer term charts, but more likely will suggest a buy or sell level on a pull back, in which case a particular product may show a short term bias that differs from the longer term bias. In order to work out shorter 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 www.fxcharts.net daily outlook, using the buy/sell support and 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; MACDs, RSIs, Slow Stochastics

BIAS:

The US$ is mixed on Tuesday and while the short term and longer term are in places giving conflicting messages, suggesting a cautious stance.. The US$/majors generally seem to be in a strong, longer term dollar uptrend although the short term momentum indicators mostly suggest that we may need a bit of a correction lower. If so buying the dips for a structural move higher seems to be the plan.

In the crosses, the Yen seems destined to stay under pressure, while Sterling looks as though it could remain underpinned and could be at the start of a decent move higher, although all will depend on Brexit headlines

Stocks, I would leave alone ahead of the FOMC, Thanksgiving Day long w/e in the US.

As with yesterday, WTI seems to be in a strong uptrend and buying dips is preferred. Gold and Silver seem to be a “sell the rally” trade.

See the support/resistance table on the website for the appropriate levels.

Green = Possible Buy Opportunity

Red = Possible Sell Opportunity

 

EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Flat

Flat – Bearish Divergence

Up

Flat

Flat

Neutral

4 Hour

Turning higher

Turning lower

Up

Turning lower

Up

Turning higher

Day

Down

Up

Neutral

Up

Down

Down

Week

Neutral – Turning lower

Up

Oversold- turning higher

Turning higher

Turning lower

Turning lower

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Neutral

Neutral

Up

Flat

Flat

Up – Overbought

4 Hour

Turning higher

Neutral

Turning higher –Bearish Divergence?

Turning higher

Turning higher

Up – Becoming Overbought

Day

Up

Up

Up

Down

Down

Up

Week

Turning higher

Turning higher

Neutral

Turning lower

Turning lower

Neutral

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Neutral

Down

Turning lower

Flat

Flat

Neutral

4 Hour

Neutral

Neutral

Up.- Bearish Divergence?

Flat

Turning lower

Down

Day

Up

Down

Up

Turning lower

Turning higher

Neutral-Turning lower?

Week

Up

 

Down

Turning higher

Up

Neutral

Neutral