27-Feb-17: Trend table outlook for FX, Commodities, Indices

By | February 27, 2017

The longer term uptrend in stocks seems to remain intact at the beginning of the week and it also appears that the metals have some more upside potential. In the currency markets, further Yen strength seems to lie ahead against both the dollar and on the crosses. The Aud and the Kiwi also look a little heavy, but in reality they are both well within their respective ranges of the last couple of weeks.

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*Trade of the day: 2/27/2017 9:37 AM (AET)

Sell US$Jpy @112.65. SL @ 113.15 TP @ 111.65

With political uncertainty in both Europe and the US, safe-haven demand could persist, meaning the likelihood of further Yen strength in the days ahead.

*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

Turning lower

Down – Becoming Oversold

Down

Turning higher

 

Down

Turning lower

4 Hour

Neutral

Down

Turning lower

Down

Turning lower

Turning lower

Day

Turning lower

Neutral

Neutral

Turning higher?

Neutral 

Down –Turning Neutral

Week

Neutral

Down

Up

Turning lower

Neutral -Turning Higher?

Neutral – Turning higher?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Neutral

Neutral

Turning higher

Turning lower

Turning lower

Neutral

4 Hour

Neutral

Turning lower

Down

Up

Up

Neutral

 

Day

Up

Up

Possible topping formation.

Neutral – Turning higher?

Turning higher?

Turning higher?

Week

Up –Overbought.

Up –Overbought.

Turning higher?

Turning higher.

Neutral –Turning higher?

Neutral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Down

Up

Turning lower

Down

Turning lower

Neutral

4 Hour

Down

Turning higher

Neutral

Down

Turning higher

Turning lower

Day

Turning lower

Neutral

Neutral

Neutral

Turning lower?

Possible topping formation.

Week

Turning lower?

 

Neutral – Turning lower?

Neutral

Up – Possible topping formation.

Neutral –Turning lower

Neutral –Turning higher?

 


Green= Possible Buy Opportunity.

Red = Possible Sell Opportunity.

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

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 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.

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