Hi everyone,
AUDNZD trend is Bearish, and there is two zone available for going short.
If Price goes up and hit those zones, we can think about short setup.
PS: Always do your own analysis
On 26 August 2020,
$XJO was at 6161 and I said we will pull back to the moving averages and a big breakout will come...
The 2 day chart have shown us we have broke down to the down side.
This week, I said we need to close above 5836 on the weekly to stay bullish.
We did that.
However, it is not over yet.
The 2 day candlesticks DID NOT CLOSE this week ,...
Good Evening, investors and traders, the Asx200 $XJO went lower again due to market uncertainty with the coronavirus.
Last week, I said if we breach the 50 moving average, the first level of support is around 6300-6400.
The market went straight down to 6259.9 on Monday and traded sideways between 6259-6500 for a few days and eventually making a new low of 6216 at...
The Australian stock market (AXJO) is currently rising after a strong pull back that took place in July. This rejection happened because the market reached its All Time Highs of October 2007. Despite the rather strong selling manner in which it was conducted, we believe that this sell sequence is not over yet and a stronger correction is needed.
The reason for...
The ASX Ltd is on a very strong bullish monthly streak having gained over +25% in 2019 alone. It appears to be trading inside a 20 year Channel Up that displays all phases of a Bubble (aggressive rise, blow-off, consolidation) from Higher Low to Higher.
Currently it is near the end of the bullish leg towards a new Higher High (peak) which is projected within...
