4 June: Trend table outlook for FX, Commodities, Indices

By | June 4, 2018

It all looks rather clouded at the start of the week and there is no real trend that is obvious anywhere, except that WTI looks as though it is developing a sustainable move lower. EurJpy also looks heavy and selling rallies is preferred. Otherwise it all looks rather choppy on Monday and given the absence of any major data it may be a day for the day traders to pick a range and trade that.

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*Trade of the day: 6/4/2018 8:19 AM (AET)                          

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

EurUsd: Trade the range of 1.1600/1.1700. Possibly looking to head a little higher