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

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

 

The signing of the US/China trade deal did not exactly set the markets on fire although we did briefly see yet new all time highs in the US stock indices. That aside, it has been another benign session, with the main FX interest being seen in the Swiss Franc after the Russian Government’s resignation in order to give Putin even more power.  Overall though, there really is not much to go on at all, but the Kiwi is at session highs and does look relatively underpinned for now, while Gold and Silver may have a little more upside potential albeit that I would not want to chase it up here and prefer to look for a longer term sell opportunity, as we said in the Monday trade outlook. Elsewhere, the ASX looks increasingly positive and may soon be in a position to take out the 7000 mark. For now though I am pretty much uninspired.

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

 

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

 

EURJPY EURGBP GBPAUD AUDJPY EURAUD AUDNZD
1 Hour Neutral Neutral Neutral Neutral Neutral – Turning Lower? Neutral – Turning Lower?
4 Hour Turning Neutral Turning Neutral Neutral Turning Neutral 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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