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

By | September 26, 2017

It is a rather mixed picture on Tuesday, with the US$ looking set to make gains against the Euro, Stg, Aud and Kiwi while seemingly under pressure against the Chf and the Jpy.  Commodities look underpinned in the short term, with WTI in particular seeming set to make further gains in the days ahead. in the crosses, the chances of further Yen strength  seem set to make AudJpy and EurJpy under pressure, so selling short term rallies seems to be a plan.

*Trade of the day: 9/26/2017 8:10 AM (AET)

Sell EurJpy @ 133.00. SL @ 134.10, TP @ 131.00

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

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EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Down -Becoming Oversold

Turning lower

Turning lower

Turning lower

Turning lower

Turning lower?

4 Hour

Down

Down

Down

Turning lower

Turning lower?

Down

 

Day

Turning lower

Neutral – Turning higher?

Turning lower?

Neutral

Turning lower

 

Neutral

Week

Up – Possible topping formation

Neutral – Turning higher?

Turning higher

Neutral

Neutral

Neutral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Neutral

Turning higher

Neutral

Up

Turning higher

Up – Becoming Overbought

4 Hour

Neutral

Turning lower

Turning higher

Turning higher

Turning higher

Turning higher

Day

Possible Topping Formation.

Possible Topping Formation.

Neutral

Turning lower

Turning Lower?

Up

Week

Neutral -Bearish Divergence

Neutral -Bearish Divergence

Neutral

Turning Lower

Neutral

Neutral

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Becoming Oversold – Turning higher?

Neutral

Neutral

Turning lower

Turning higher

Neutral

4 Hour

Down

Neutral

Turning lower

Turning lower

Turning lower

Turning higher

Day

Turning lower

Turning lower

Turning higher

Turning lower

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.