23Nov- fx/commodity trend table

By | November 23, 2016

Trending Table                                                                                                  Wednesday, November 23, 2016

Green = Possible Buy Opportunity

Red = Possible Sell Opportunity

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

Markets are mixed, providing few clear opportunities but buying US$ on dips would still seem the play.

Elsewhere stocks look underpinned while the metals still look heavy.

Sterling might be a longer term play, as the weekly charts weekly charts both for GbpUsd and in the crosses (EurGbp/GbpAud) look to be turning higher.

 

 

 

EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Neutral

Neutral

Neutral

Neutral

Neutral

Neutral

4 Hour

Up

Down

Neutral

Turning lower

Up

Turning higher

Day

Down

Up –Becoming Overbought

Neutral

Up

Down

Turning lower

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

Neutral

Neutral

Neutral

Neutral

4 Hour

Neutral

Neutral

Turning higher

Up – Losing Momentum

Up – Losing Momentum

Turning lower

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

Neutral

Neutral

Neutral

Neutral

Neutral

4 Hour

Neutral

Turning higher

Down

Turning higher 

Down

 

Turning higher

Day

Up- Losing Momentum

Down – Losing Momentum

Turning higher

Neutral

Neutral

Turning lower

Week

Up

 

Turning Lower

Turning higher

Turning Higher

Neutral

Neutral