30-Nov-16: Trend table outlook for FX, Commodities,Indices

By | November 30, 2016

Trending Table:  Wednesday, November 30, 2016

Daily Outlook:

Markets mostly remained within their ranges on Tuesday; the exception being oil, which saw WTI head lower by around 3.5% ahead of the OPEC Meeting. Given that the markets appear rather mixed ahead of Friday’s US employment data it seems that we can generally expect further choppy consolidation. The Euro, Aud and Kiwi seem to be reasonably underpinned for now, while Gold and Silver also look a little more positive, in the short term. Further out, EurJpy seems to retain a bid tone in the daily/weekly charts.

Green = Possible Buy Opportunity.

Red = Possible Sell Opportunity.

The products marked in red/green suggest either a short term (1hour/4 hour charts) or a longer term trend, where the dailies are aligned or seem to be aligning with the weekly indicators.

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 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.

 

EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Up

Down

Neutral

Turning lower

Turning higher

Up

4 Hour

Neutral

Neutral

Neutral

Neutral

Turning lower

Up

Day

Turning higher

Overbought- turning lower?

Neutral

Up –Possible topping formation

Turning higher

Turning higher

Week

Turning lower

Up

Turning higher

Turning higher

Neutral

Down

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Neutral

Neutral

Neutral –

Neutral

Neutral

Turning lower

4 Hour

Neutral

Neutral

Down

Turning higher?

Neutral

Down

Day

Up –Possible topping formation

Up –Possible topping formation

Up – Possible topping formation?

Down –Possible basing formation?

Down –Turning higher?

Neutral

Week

Turning higher –Possible Bullish Divergence?

Turning higher –Possible Bullish Divergence?

Turning higher

Turning lower

Turning lower

Neutral -Turning lower?

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Neutral

Up

Down

Neutral

Neutral

Turning higher

4 Hour

Neutral

Neutral

Turning higher

Turning lower

Turning higher

 

Turning lower

Day

Up –Possible topping formation?

Turning higher

Neutral

Up

Neutral

Neutral

Week

Up

 

Down

Turning higher

Turning higher

Turning lower?

Neutral