FW: 22-Sep-17: Trend table outlook for FX, Commodities, Indices.

By | September 22, 2017

Friday looks set to be dominated by Draghi and May speeches along with Neutral Korean politics, which could produce some risk-off moves ahead of the weekend. For the first time in a while, the US equity markets look a bit top heavy and could come under pressure. The same applies to the Aud$ which appears to be under pressure on several fronts, notably against Sterling, but also against the US$ and the Euro. On the crosses, I think GbpAud has further to run, but also keep an eye on EurGbp which seems to have further downside ahead. As for the metals, a spike in Korean tensions will see another blip higher but the longer term charts still suggest lower levels are likely at some stage soon. Have a good weekend.

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EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Turning Higher

Turning Lower

Neutral

Down

Becoming oversold – Bearish Divergence

Turning Lower

4 Hour

Neutral

Turning Lower

Turning Higher

Turning Lower

Down

Down

 

Day

Turning lower

Turning higher

Up

Neutral-Turning higher

Neutral –Turning lower?

 

Turning higher?

Week

Up – Possible topping formation

Neutral – Turning higher?

Turning higher

Neutral

Neutral

Neutral -Turning Higher?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Turning Lower

Down

Neutral

Turning Higher

Turning Higher

Neutral

4 Hour

Turning Lower

Turning Lower

Neutral

Possible Basing Formation.

Possible Basing Formation

Neutral

Day

Possible Topping Formation.

Possible Topping Formation.

Neutral

Down

Turning Lower

Turning higher

Week

Neutral -Bearish Divergence

Neutral -Bearish Divergence

Neutral

Turning Lower

Neutral

Neutral

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Turning Lower

Turning Higher

Up -Becoming overbought

Down

Turning Higher

Turning Higher

4 Hour

Turning lower?

Turning lower

Up – Bearish Divergence

Down

Up

Turning lower?

Day

Turning higher

Down

Turning higher

Turning higher?

Neutral

 

Down

Week

Neutral –Turning higher?

Turning lower

Turning higher?

Neutral

Neutral

Turning higher?


Green= Possible Buy Opportunity.

Red = Possible Sell Opportunity.

The products marked in red/green suggest either a short term (1hour/4 hour charts), a medium term trend (4 hour/daily charts) or a longer term (daily/weekly) trend may be forming or underway

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 or the trading ideas 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.