4 Apr: Trend table outlook for FX, Commodities, Indices.

By | April 4, 2018

Stocks look a little more positive today, at least in the short term but I would still rather be trading them from the short side and therefore looking to sell into rallies. Stocks are really driving the whole market and in particular US$Jpy which has turned around in sympathy with the stock rally. Right now buying dips seems to be the plan. Elsewhere the US$ looks a little mixed although I still prefer to buy it on dips as I suspect that it may pick up some steam heading into the NFP figure, although as usual, the Average Hourly Earnings number will really provide the direction on Friday.

Buy US$Chf @ 0.9550. SL @ 0.9525, TP @ 0.9620

Sell EurUsd @ 1.2300. SL @ 1.2350, TP @ 1.2220

*Trade of the day: 4/4/2018 8:30 AM (AET)            

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