I see very bullish signs on AUS200 chart. My only problem is: was it just Friday afternoon rally or beginning of bear rally for next week?
Overall it seems like a strong bullish move. Earning season Q2 is coming soon - but will it be good enough for the market to continue move upside?
One is certain - there is still a lot of volatility in the markets. Trade...
For the 7th consecutive week we’ve had all red candles making lower lows.
We are def in bear market but we might expect rally towards 200EMA.
With the currect economy I don’t believe the market has enough strenght to reverse the trend and reach new all time highs. Very likely after touching 200EMA on daily chart around 4350, we go lower to 200EMA weekly chart-...
Daily RSI is quite low
We might see divergence forming on 4hrs chart
MACD is turning around
VIX dropped a bit
USD losing strenght due to inflation
Is it trend revelsal? I don’t know.
Very possible it’s a bull trap, risky trade but I opened short term long position
This is not a trading advice, please trade carefully
I don’t really like Mondays in trading. Will the market continue Friday bearish move? Or consolitate and try to go up to 20EMA?
Based on technical analisys and indicators on 4hrs chart AUS200 is oversold, 50 EMA is holding a support, on the daily chart the market has room to go lower towards trent line to 7200 area.
Does it happen tomorrow? Don’t think so....
Today AUS200 tried to break a stong resistance at 7620. The market is not ready to drop just yet. It could be here for a while, possibly trying to go up once again to 7595- I doubt it will go higher than 7620.
The momentum is still there. On Monday is holiday in Australia and we expect some inflation news next week that might affect the market.
I am planning to...
AUS200 is kind of interesting to watch. We reached 7606 resistance, if we break it, we go to 7648. We def have enough momentum to go higher, inflations is a big problem, recession is about to start but it can take few months. We’re also in April- one of the most bulish month.
I don’t recommend to follow it but behind saying ‘sell in May and go away’ is a lot of...
I suspect the market will go towards 8000 before will make a major correction to 61.8 fibonacci and drops to 5800.
I based that on previous market movements since 2008..
The move won’t occour as smooth as on the chart, we can have very choppy market for few months before we reach 8000.
Of course I might be wrong, don’t take it as a trading advice
With Russia being excluded from SWIFT, Russian payment will probably go via China.
The Asian market is opening soon, I expect European indices to struggle this week in favour of China, and NIkkei225 could drop again to test recent lows.
Technical indicators don’t entirely convince me about bullish momentum on China50, it’s solely based on funtamental analysis,...
Does anyone else notice this dangerous pattern?
With Russia further sanctions, two BP directors resign, and it’s just the beginning before markets will settle after recent events….
I see big sell opportunities
AIG was struggling for a while now but I think it has potendial for trend revelsal, if we close above 165 on daily chart. MACD is still positive and I believe RSI can build up the momentum to push it up.
Scottish Mortgage is currently in bear market.
MACD bullish cross suggest we will try to go towards 200 EMA around 1328 but that is a strong resistance.
RSI is pretty weak. Pesymistic scenario: we test 50 EMA around 1250 and go lower (but 200EMA more likely)
I think SMT will stay in bear market this year
There is a major resistance around 8838. Will it break? I don’t think so but it’s worth to follow news tomorrow on ECB rates decision.
Definitely we’re living in the times of great economical uncertainty
I’m not a fan of FTSE. I don’t think is very exciting to trade but at the moment looks like the market will go up- if BoE won’t rise the rates tomorrow.
RSI, daily candle stick and MACD are bullish and I do believe there is enough momentum to reach new ATH - but wait for rate decision Thursday 12pm.