21 Feb: Trend table outlook for FX, Commodities, Indices: FXCharts

It is another confused picture today with little standing out as an obvious trade. The US$ does look mildly better bid though and buying dips still remains the preferred option, but without looking for too much in either direction.  Gold may be giving us a hint as to the direction of the dollar and it does look a little heavier today, possibly signaling further dollar strength.

In other markets, expect the choppy consolidation to continue I suspect, but possibly look to buy Sterling on the crosses although this remains very “Brexit headline driven.

*Trade of the day: 2/20/2018 5:57 PM (AET)

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

Sell EurUsd @ 1.2385. SL @ 1.2415, TP @ 1.2285

Buy US$Chf @ 0.9300. SL @ 0.9265, TP @ 0.9400

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