27 Sept: Trend table outlook for FX, Commodities, Indices

By | September 27, 2019

It has been a choppy but largely directionless session, with the US$ making further minor gains to allow the DXY to currently sit at 99.21. The charts are generally not showing a great deal on Friday although it does look as though the dollar has further to run on the topside and I still like to buy it on dips.

Elsewhere, Gold looks to me to be in for further downside action and trading from the short side is currently preferred.

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*Trade of the day: September 27, 2019; 7:00 AM(AET)                 

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

All trades are good till 5.00pm NY time. All “in the money trades” should have the SL raised to break-even, or managed manually. All “out of the money trades” should keep original SL in place.

Sell EurUsd @ 1.0980. SL @ 1.1015, TP @ 1.0875

Buy EurUsd @ 1.0880. SL @ 1.0845, TP @ 1.0950

Sell AudUsd @ 0.6780. SL @ 0.6815, TP @ 0.6700

Buy AudUsd @ 0.6690. SL @ 0.6660, TP @ 0.6745

Sell Gold @ 1515. SL @ 1522, TP @ 1500

I am currently travelling so the update is abbrevated to the table only.