The TC signal on the A/U has already peaked at 100 pips BUT there is another strong layer of support just under current price. I noted in my w/e analysis how monthly Cloud support has been broken but AUD Bears need to pass yet another level to be confident of continuation.
Having just returned home I have noticed there were a few new TC signals off my earlier 1 pm candle close. These are essentially all the same trade though, as USD long signals, so I will manage risk accordingly. I am especially wary given the USD is back under major resistance again but hasn’t been able […]
I have been stalking and trading the NASDAQ and its stocks for some time now but wrote my first dedicated write up on them back in September this year. I have been noting the key level for this index is the 4,800 level and price seems to be closing in on that level. The monthly candle closes at […]
Stock markets across Europe and the USA rallied on Friday following the announcement of stimulus measures from the ECB and China. Some stock indices have continued on from previous bullish breakouts but a few others, that have lagged until recently, now look like heading to test potential breakout levels. This article takes a look at these indices and […]
The broader Aussie market indices keep gravitating to the 61.8% fib of the 2007-2009 bear move. I thought I’d review some sectors within the market and see which ones are trading above their 61.8% fib or below. I also scanned these sectors for technically bullish stocks but only a few were worth mentioning.