3 May: Trend table outlook for FX, Commodities, Indices

By | May 3, 2018

The US$ seems set to maintain its medium term gains so trading from the long side is still preferred, looking to buy into near term dips. The short term charts look a bit scrappy and it may be that we chop around here while waiting on tomorrow’s US employment data.

Stocks also seem to be gearing up for another move lower with all the time frames now aligned to the downside.

*Trade of the day: 5/3/2018 8:18 AM (AET)            

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

Sell EurUsd @ 1.1980. SL @ 1.2035, TP @ 1.1890

Buy US$Jpy @ 109.45. SL @ 108.95, TP @ 110.65

Buy US$Chf @ 0.9935. SL @ 0.9885, TP @ 0.1.0035

Sell AudUsd @ 0.7520. SL @ 0.7555, TP @ 0.7380

Sell NzdUsd @ 0.7025. SL @ 0.7080, TP @ 0.6955