28 Nov: Trend table outlook for FX, Commodities, Indices.

By | November 28, 2017

Having recovered from early session weakness, the US$ now looks as though it could see a continuation of the current short-term strength, particularly against the Euro, Chf and Aud although less so against the other majors. The Aud$ looks to be under some pressure, with a surprising selloff in the AudNzd cross. It also appears to be under pressure against the Yen, which looks as though it is ripe for a deeper clean out of Yen shorts across the board.
Elsewhere, WTI has seen some profit taking a head of the OPEC Meeting and it may be wise to stand aside. Technically, I still think it goes higher eventually but much will depend on the outcome of the meeting. Gold looks as though it could give 1300 a bigger nudge, but mu will depend on the outcome of the direction of the dollar. Increased safe haven demand could see a pop higher although that remains to be seen.

Trade of the day: 11/28/2017 8:31 AM (AET)……
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.

Sell EurUsd @ 1.1940. SL @ 1.1970, TP @ 1.1850
Buy GbpUsd @ 1.3290. SL @ 1.3250, TP @ 1.3440
Buy US$Chf @ 0.9780. SL @ 0.9720, TP @ 0.9880