15-Jan: Trade possibilities and Trend Table outlook for FX, Commodities, Indices.

15-Jan: Trade possibilities and Trend Table outlook for FX, Commodities, Indices.

It has been another choppy sideways session on Tuesday and it looks likely to remain that way until the signing of the trade pact between the US/China although there will also be some economic data (US PPI/New York State Empire Mfg Index) as well as corporate earnings from BOA, BNY/Mellon, Blackrock, Schwab, Goldmans, Alcoa  and Bancorp.

The heat map is offering little suggestion as to direction, although as I said yesterday, US$Jpy does look as though it wants to test important resistance on the 110.20/50 area in the medium term, albeit that the short term charts do look a little overbought. Elsewhere things look a little mixed. WTI may see some short term gains but nothing to get excited about and I still prefer to sell rallies towards 60.00

EURUSD USDJPY GBPUSD USDCHF AUDUSD NZDUSD
1 Hour Neutral Turning Lower? Neutral – Turning Higher? Neutral – Turning Lower? Turning Neutral Neutral – Turning Higher?
4 Hour Turning Neutral Possible Topping Formation Turning Higher Turning Lower? Neutral Turning Neutral
1 Day Turning Lower? Neutral – Turning Higher? Neutral – Turning Lower? Turning Neutral Neutral – Turning Lower? Turning Lower
1 Week Neutral Neutral Turning Neutral Neutral Turning Neutral Neutral – Turning Higher?

 

DXY S+P ASX200 GOLD SILVER OIL_WTI
1 Hour Neutral – Turning Lower? Turning Neutral Turning Neutral Neutral – Turning Higher? Neutral Neutral – Turning Higher?
4 Hour Turning Lower? Turning Neutral Possible Topping Formation Neutral Neutral Possible Basing Formation
1 Day Turning Higher Possible Topping Formation Turning Higher Possible Topping Formation Turning Lower? Turning Lower
1 Week Neutral – Turning Lower? Up – Overbought Neutral – Turning Higher? Bearish Divergence Turning Neutral Neutral

 

EURJPY EURGBP GBPAUD AUDJPY EURAUD AUDNZD
1 Hour Neutral – Turning Lower? Neutral – Turning Lower? Neutral Turning Neutral Turning Neutral Turning Lower?
4 Hour Turning Lower? Possible Topping Formation Turning Neutral Possible Topping Formation Turning Neutral Turning Higher?
1 Day Neutral – Turning Higher? Neutral Neutral Neutral – Turning Higher? Neutral Turning Higher
1 Week Neutral Possible Basing Formation Turning Neutral Neutral Neutral Turning Lower?

 

 

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