The ASX 200 Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following: The ASX200 declined from the top of the uptrend channel and broke KUMO support as EMA 200 too. So the first think in mind is the 1.618 of fib as a support or the 1 of fib as a resistance target. MACD is trying ti turn bullish and RSI reacts from the...
The ASX 200 Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following: The ASX200 declined from the top of the uptrend channel for another time (4th time) and approach the KUMO as we said in previous post. So the first think in mind is the case of the KUMO support. MACD and RSI both are bearish. We have no special candlestick...
The ASX 200 Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following: The ASX200 tried to breach the uptrend channel last week for 2nd time but it declined making a double local top exactly at the top level of the uptrend channel like before. So the first think in mind is the case of the KUMO approaching correction like...
The ASX 200 Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following: The ASX200 extended the uptrend movement last week but it declined last Thursday making a local top exactly at the top level of the uptrend channel like before. So the first think in mind is the case of the KUMO approaching correction like before. . We...
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams. The S&P/ASX 200 Index (STI) Daily Diagram Technical Analysis Training shows the following: The ASX200 index has made a correction decline and then (last week) it reacted on EMA 100. Last week it crossed EMA 50. ASX 200 is on a bull market because EMA 50 is above EMA 100 that is above...
The ASX 200 Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following: The ASX200 extended the uptrend movement last week but it declined in last Friday's sell off towards to 0.5 of Fib. So the first think in mind is the case of correction ending at 0.5 of Fib or not. MACD is bullish above the zero line and RSI too but both...
The ASX 200 Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following: The ASX200 extended the uptrend movement last week. This is the 4th time that ASX200 test 5524 and it closed at higher high last Friday. So the first think in mind is 1.618 of fib as next target. MACD is bullish above the zero line and RSI too. We have...
The ASX 200 Australian Index (S&P/ASX 200) Daily Diagram Technical Analysis Training shows the following: The ASX200 index has made consolidations into the KUMO cloud last week. Now the resistance line has met the SPAN A of KUMO (green line) and both can be strong resistance or a new support if the trend is going to change. The weekly diagram shows neutral...
A possible long opportunity is coming up for the AUD/USD. We would just need a little more movement upwards for me to jump in and say BUY with conviction. All the indicator signals are aligning to produce a message that says the market is ready to shoot up. Signals: Price bouncing off Linear regression. Price bouncing off long term support. MACD moving into...