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

By | September 28, 2017

A rather messy picture today, with mixed signals, suggesting a rather choppy session lies ahead. In the short term, the US$ appears set to be under a little pressure against the Yen and the Kiwi but possibly looking to build for more medium-term gains against most of the majors. The commodities and crosses are giving little hint either way although AudNzd does appear set for further downside pressure.

*Trade of the day: 9/28/2017 10:53 AM (AET)

Sell AudNzd @ 1.0900. SL @ 1.0985, TP @ 1.0700

*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 Lower

Neutral

Turning Lower

Turning higher?

Turning higher?

4 Hour

Down – Possible Basing Formation

Turning higher

Turning lower

Neutral

Down -Possible Basing Formation

Turning Higher

Day

Turning lower

Turning higher?

Turning lower

Turning higher

Turning lower

 

Neutral

Week

Possible topping formation

Turning higher

Turning higher

Turning Higher

Possible topping formation.

Neutral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Neutral

Neutral

Neutral

Turning Higher?

Neutral

Neutral

4 Hour

Neutral

Neutral

Turning Higher?

Down

Turning lower

Neutral -Turning lower?

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 Lower

Neutral

Neutral

Neutral

Neutral

Turning lower

4 Hour

Turning Higher

Neutral

Neutral

Neutral

Neutral

Turning Lower

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.