25-Sep-17: Trend table outlook for FX, Commodities, Indices.

By | September 25, 2017

There is little to go on early in the week although Sterling looks as though it may have some follow-through on the downside in the short term,  which, in turn may provide some longer term buying opportunities.  This applies to trade against the US$ and the Aud$. Further near term Yen strength may also be on the cards, particularly against the Euro, although once again the longer term charts still look constructive. Given the relatively scant data on offer today and tomorrow, it may just end up being a rather choppy session, going nowhere fast while waiting on Wednesday’s US Durable Goods Orders.

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EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Turning lower

Neutral

Turning lower

 

Neutral

Neutral

Neutral

4 Hour

Neutral

Turning Lower

Turning lower

Neutral

Turning higher

Neutral

 

Day

Turning lower?

Turning higher

Up –Possible topping formation

Neutral-Turning higher

Turning lower

 

Turning higher?

Week

Up – Possible topping formation

Neutral – Turning higher?

Turning higher

Neutral

Neutral

Neutral -Turning Higher?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Turning higher

Turning higher

Neutral

Neutral

Neutral

Neutral

4 Hour

Neutral – Turning lower?

Neutral – Turning lower?

Turning higher

Turning higher

Neutral

Neutral

Day

Possible Topping Formation.

Possible Topping Formation.

Neutral

Down

Turning Lower

Turning higher

Week

Neutral -Bearish Divergence

Neutral -Bearish Divergence

Neutral

Turning Lower

Neutral

Neutral

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Turning Lower

Neutral

Turning lower

Neutral

Neutral – turning lower?

Neutral

4 Hour

Turning lower

Turning higher

Turning lower

Neutral

Turning lower

Neutral -Turning higher?

Day

Turning higher

Down

Turning higher

Turning higher?

Neutral

 

Down

Week

Neutral –Turning higher?

Turning lower

Turning higher?

Neutral

Neutral

Possible topping formation?


Green= Possible Buy Opportunity.

Red = Possible Sell Opportunity.

The products marked in red/green suggest either a short term (1hour/4 hour charts), a medium term trend (4 hour/daily charts) or a longer term (daily/weekly) trend may be forming or underway

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 or the trading ideas 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.