22Nov: Trend table outlook for FX, Commodities, Indices.

By | November 22, 2017

With the exception of the Aud and Kiwi, it looks like being a fairly neutral session for the most part, although Janet Yellen is speaking shortly and the US Durable Goods Orders and FOMC Minutes will be released later in the day. Right now though, I cannot see a lot to go on although I mildly prefer to trade the US$ from the long side against the majors. Also, possibly buying AudUsd, looking for a run higher might be a day trade but the longer term momentum indicators still point lower so I would also be looking to sell into rallies. On the crosses, looking to be strategically short the Aud still seems to be the plan.

Stocks look as though they are ready to resume their run higher, although with tomorrow being Thanksgiving, I doubt that we see too much directional action today. WTI is biding its time near 57.00 and I think is preparing for the next move towards 60.00.

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

Buy AudUsd @ 0.7550. SL @ 0.7520, TP @ 0.7610

Sell AudUsd @ 0.7610. SL @ 0.7650, TP @ 0.7535

Sell EurUsd @ 1.1790. SL @ 1.1830, TP @ 1.1700

Buy US$Jpy @ 112.10. SL @ 111.40, TP @ 113.00

Buy US$Chf @ 0.9885. SL @ 0.9860, TP @ 1.0015