This is just a brief TC signal update. The GBP/JPY and AUD/JPY signals have closed off for a combined pip haul of 1,180 pips. The new USD/CAD signal is up 220 pips and there have been new signals on the NZD/USD and EUR/AUD that triggered on Monday. As well, signals are trying to form on the […]
Australian banks remain under pressure due to concern about their exposure to the property market given the perception of a potential growing property bubble. There is often reference to the ‘Big Four’ and this includes CBA: the Commonwealth Bank, WBC: Wesptac Bank, ANZ: Australian and new Zealand Banking Corporation and NAB: National Australia Bank. In this post […]
Risk-on appetite has been generally supported over recent sessions and debate about the sustainability of this trend is a contested topic. I’m keeping an eye on a number of key stocks/ETFs and indices for clues about the next directional move and a number of these entities have trend lines that are currently under a bit of pressure. Whilst I’m reading […]
The Aussie stock market has lagged behind the US market following the GFC but a number of ASX sectors are looking like they could be getting ready to attempt a bullish breakout. The charts of a number of sectors show price action trading up near recent bear trend lines and, as such, they’re worth watching […]
February was a good month for many metal commodities. A number have closed the month with bullish candles and some of these have formed off major support levels hinting towards continued recovery. ‘One swallow does not a summer maketh’ so watch these trend-line thresholds in the coming months for any continued bounce or renewed pressure.