The Federal Open Market Committee left interest rates unchanged following its Oct. 28 meeting. The Federal Reserve's statement implied a rate hike was likely following its Dec. 15-16 meeting. 

Bonds, gold, currencies and the dollar experienced somewhat strange volatility following the Fed's non-decision. U.S. bond yields rose, gold slumped, commodities remained in technical limbo and the dollar popped.

Let's take a look at how the daily charts look as we begin the first week of November.

Here's the daily chart for the Bond ETF.


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The 20+ Year Treasury Bond ETF (TLT) - Get Report , which is a basket of U.S. Treasury bonds with maturities of 20 to 30 years, had a close of $122.78 on Friday, down 2.5% year to date with the S&P 500I:GSPC up 1%.

The bond ETF ended the week just above its 50-day simple moving average of $122.66 and below its 200-day simple moving average of $124.31, which proved to be a ceiling before the FOMC meeting.

There's a downtrend from the year-to-date high of $138.50 set on Jan. 30 and the lower high of $128.92 set on Aug. 24, the day the stock markets around the world suffered from flash crashes on a day called "Black Monday" in China. There's also an uptrend from the year-to-date low of $114.88 set on June 26 through the higher low of $118.55 set on Sept. 16. Market technicians call this a pennant pattern.

By the end of this week the uptrend comes in at $120.91 with the downtrend at $125.42. This conversion will continue until the "flight to safety" resumes or yields begin to rise.

The weekly chart is negative with the ETF below its key weekly moving average of $122.86 but the bond ETF is above its 200-week simple moving average of $117.65. The weekly momentum reading declined to 49.47 last week down from 51.29 on Oct. 23.

Investors looking to buy the bond ETF should place a good till canceled limit order to buy the ETF if it drops to $120.33 and $115.58, which are key levels on technical charts until the end of the year.

Investors looking to reduce holdings should place a good until canceled limit order to sell the ETF if it rises to $129.58 and $132.13, which are key levels on technical charts until the end of 2015.

Here's the daily chart for the gold exchange-traded fund.


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The SPDR Gold Shares ETF (GLD) - Get Report , which is backed by gold bullion, closed at $109.30 on Friday down 3.8%, but had a gain of 2.3% October. This ETF is just below its 50-day simple moving average of $109.35 and is below its 200-day simple moving average of $112.54, which was tested just before the Fed Statement was released on Oct. 28.

Note the short-term uptrend connecting the low of $103.43 on July 24 through the low of $105.27 on Sept. 11. This uptrend comes in at $107.18 at the end of this week.

The weekly chart is negative with the ETF just below its key weekly moving average of $109.96 and well below its 200-week simple moving average of $134.11. The weekly momentum reading fell to 70.00 last week, slightly below the 70.12 reading on Oct. 23.

Investors looking to buy the gold ETF should place a good till canceled limit order to buy the ETF if it drops to $105.02, which is a key level on technical charts until the end of 2015.

Here's the daily chart for the commodity index ETF.


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The iShares GSCI Commodity-Index Trust Fund (GSG) - Get Report , which is 70% to 75% weighed to energy and crude oil, had a close of $17.07 on Friday down 20.9% year to date, and was down just 0.1% in October. This ETF is Just below its 50-day simple moving average of $17.16 and well below its 200-day simple moving average of $19.39.

Note the uptrend though the low of $15.90 set on Aug. 24. "Black Monday" in China and through the low of $16.44 set the day before the Oct. 28 FOMC meeting. This could be an early warning that continued extremely low rates could fuel the next inflating of a commodities bubble. This trend comes in at $16.51 at the end of this week.

The weekly chart is neutral with the ETF just below its key weekly moving average of $17.33 and well below its 200-week simple moving average of $29.34. The weekly momentum reading rose to 41.55 last week up from 39.36 on Oct. 23.

A key to any major upside potential would be weekly closes above 17.62, which is a key level on technical charts until the end of the year.

Investors looking to reduce holdings should place a good until canceled limit order to sell the ETF if it rises to $24.02 and $25.38, which are key levels on technical charts until the end of 2015.

Here's the daily chart for the dollar index ETF.


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The Deutsche Bank USD Index (UUP) - Get Report , which is basket of currencies including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc, had a close of $25.25 on Friday up 5.3% year to date, but up just 0.6% in October. The ETF is above its 50-day simple moving average of $24.94 and just above its 200-day simple moving average at $25.21.

There's a downtrend from the high of $26.50 through the lower high of $25.47 set in a knee-jerk reaction following the Fed Statement on Oct. 28.

The weekly chart is positive with the ETF above its key weekly moving average of $25.05, and well above its 200-week simple moving average of $22.79. The weekly momentum reading rose to 51.79 last week up from 47.29 on Oct. 23.

Investors looking to buy the dollar ETF should place a good till canceled limit order to buy the ETF if it drops to $24.03, which is a key level on technical charts until the end of 2015.

The dollar peaked just below a key level of $25.53, which are in play until the end of 2015. The dollar stalled just shy of this level following the Oct. 28 FOMC meeting.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.