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

By | September 27, 2017

The US$ is picking up steam and looks as though further progress is in store, particularly against the Euro, Yen and Aud, with Sterling also possibly set to remain under pressure. Elsewhere, the metals may be set to suffer if the dollar to continue to out-perform. In the crosses, there is little to go on in the short term but in the medium term, EurJpy and EurGbp seem set for further downside, so selling near term rallies in both of these may be a plan.

*Trade of the day: 9/27/2017 7:16 AM (AET)

Sell EurUsd @ 1.1835. SL @ 1.1870, TP @ 1.1680

*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 higher

Turning higher

Turning higher

Neutral

Turning higher?

Turning higher?

4 Hour

Down

Turning higher

Turning lower

Neutral

Down

Down

Day

Turning lower

Neutral – Turning higher?

Turning lower

Neutral – Turning higher?

Turning lower

 

Neutral

Week

Possible topping formation

Turning higher

Turning higher

Neutral

Possible topping formation.

Neutral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Neutral

Neutral

Neutral

Turning lower

Down

Neutral

4 Hour

Neutral

Neutral

Neutral

Turning lower

Turning lower

Neutral -Turning higher

Day

Possible Topping Formation.

Possible Topping Formation.

Neutral

Turning lower

Turning Lower?

Up

Week

Neutral -Bearish Divergence

Neutral -Bearish Divergence

Neutral

Neutral

Neutral

Neutral

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Turning higher

Neutral

Turning higher

Turning higher

Neutral

Turning lower

4 Hour

Down

Neutral

Neutral

Turning lower

Neutral

Neutral

Day

Turning lower

Down

Turning higher

Turning lower

Neutral

 

Neutral –Turning lower?

Week

Neutral –Turning higher?

Down

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.