19 Feb: Trend table outlook for FX, Commodities, Indices.

By | February 19, 2018

The dollar eventually turned up from its lows on Friday, with the DXY ending up by around 0.6%, and in the short term it appears that the dollar could make further minor gains, although in the absence of the US today, and any major data, it could end up being a quiet session. Buying dollar dips does look to be the main theme for now although the medium term outlook suggests further choppy trade in the days ahead. The Yen does look as though that has further gains ahead of it, particularly against the Euro. In the other crosses, AudNzd looks heavy.

Elsewhere, stocks look choppy, while Gold, having posted a Friday key-day reversal seems set to test the downside again.

*Trade of the day: 2/19/2018 6:50 AM (AET)

*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.

Sell EurUsd @ 1.2445. SL @ 1.2510, TP @ 1.2325.

Buy US$Jpy @ 106.00. SL @ 105.50, TP @ 107.00

Sell GbpUsd @ 1.4085. SL @ 1.4155, TP @ 1.3965

Sell AudUsd @ 0.7945. SL @ 0.7990, TP @ 0.7825