9-Dec-16: Trend table outlook for FX, Commodities,Indices

By | December 9, 2016

Trending Table:  Friday, December 9, 2016

Daily Outlook:

The Euro is lower following the ECB Meeting, and at least in the short term it would seem to have further downside potential heading into the weekend, possibly putting pressure on the Aud and Kiwi as well as well as looking heavy against the Sterling and the Yen, in the short term. There is no point in standing in the way of stocks which look bullish on all fronts although I am not going to go close to them at these levels.

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

Down

Neutral

Down

Up

Down

Down

4 Hour

Down

Turning higher

Neutral

Turning higher

Turning lower

Turning lower

Day

Up but losing momentum

Overbought –Turning lower

Neutral

Down – Losing Momentum

Up – Losing Momentum

Up

Week

Turning lower

Up

Turning higher

Turning higher

Neutral – Turning lower?

Neutral – Turning lower?

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Up –Bearish Divergence

Up –Bearish Divergence

Neutral

Neutral

Down

Turning higher

4 Hour

Up

Up

Up

Neutral

Turning lower

 

Neutral

Day

Turning higher

Turning higher – Becoming Overbought

Turning higher

Possible basing formation

Up

Up

Week

Up – Bearish Divergence?

Up

Turning higher

Turning lower

Neutral

Neutral

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Down

Down

Neutral

Neutral

Down

Turning higher

4 Hour

Down

Turning lower

Neutral

Neutral

Turning lower

 

Neutral

Day

Up –Possible topping formation

Neutral –Turning higher

Neutral -Turning higher?

Up –Possible topping formation

Neutral

Neutral

Week

Up

 

Down

Turning higher

Turning higher

Neutral

Neutral