18 Sept: Trend table outlook for FX, Commodities, Indices: FXCharts

The dollar is heavy on Tuesday, and in the short term at least it looks as though this could continue today, with the Euro and Sterling looking to be the best bests. Cable of course can turn around pretty quickly on a negative Brexit headline, but for the time being it looks well bid against the dollar (although it is sitting up against decent resistance at the 100 DMA) and also possibly against the Euro and the Aud$, so trading from the long side is currently p[referred but with a tight SL in place.

Elsewhere, the signals are not strong, sop a cautious stance is required and it looks like another day of waiting on trade-war developments.

By | September 18, 2018

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*Trade of the day: September 18, 2018 7:00 AM(AET)                    

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

Range Trade: EurUsd: 1.1635//1.1735 (SL 30 points either side)

Buy GbpAud @ 1.8240. SL @ 1.8180, TP @ 1.8450

Sell AudUsd @ 0.7185. SL @ 0.7225, TP @ 0.7100

Sell EurUsd @ 1.1735. SL @ 1.1765, TP @ 1.1600

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