FX/commodities trend table 25-Nov-16

By | November 25, 2016

Trending Table:  Friday, November 25, 2016

As before, all trades seem to hang on the US dollar, which appears set to head higher as we approach the December FOMC Meeting, and the Yen, which looks to be headed lower on all fronts.

Trading the dollar from the long side against all majors seems to be the play, while selling the Metals and buying stock indices also appear to be potentially good trades.

 

Green = Possible Buy Opportunity.

Red = Possible Sell Opportunity.

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

The shorter term (1+4 hours) momentum indicators may also be aligned with the longer-term charts, but more likely will suggest a buy or sell level on a pull back, in which case a particular product may show a short term bias that differs from the longer term bias. In order to work out shorter 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 www.fxcharts.net daily outlook, using the buy/sell support and 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; MACDs, RSIs, Slow Stochastics

 

 

EURUSD

USDJPY

GBPUSD

USDCHF

AUDUSD

NZDUSD

1 Hour

Neutral –

Neutral

Neutral

Neutral

Neutral

Turning higher

4 Hour

Neutral – Bullish Divergence

Up Becoming Overbought

Neutral

Bearish Divergence Turning lower

Neutral Turning higher

Neutral

Day

Down –Becoming Oversold

Up –Becoming Overbought

Neutral

Up

Down

Down

Week

Turning lower

Up

Oversold- turning higher

Turning higher

Turning lower

Turning lower

 

 

 

 

 

 

 

 

S+P

DJI

ASX SPI

GOLD

SILVER

OIL-WTI

1 Hour

Neutral

Neutral

Neutral

Down – Losing Momentum.

Neutral

Neutral

4 Hour

Neutral

Neutral

Up –Becoming Overbought

Down – Bullish Divergence?

Up – Losing Momentum

Down

Day

Up

Up

Up

Down

Down

Up

Week

Turning higher

Turning higher

Turning higher

Turning lower

Turning lower

Neutral

 

 

 

 

 

 

 

 

EURJPY

EURGBP

GBPAUD

AUDJPY

EURAUD

AUDNZD

1 Hour

Neutral -Turning lower

Neutral

Neutral

Neutral

Neutral

Neutral

4 Hour

Up

Neutral

Neutral

Up 

Down

 

Turning higher

Day

Up-

Down

Neutral -Turning higher?

Turning higher

Neutral

Neutral

Week

Up

 

Down

Up

Turning higher

Neutral

Neutral