The NASDAQ has printed a daily close above the key 4,800 level. The monthly candle close is some way off yet but a monthly close above this level would be a very bullish signal and these practice efforts are worth keeping note of!
The AUD/JPY has made a move lower following today’s RBA interest rate cut. This pair had recently broken down and out from a 900 pip triangle pattern and is half way through the expected 900 pip follow through move.
The two main Aussie stock indices remain on their bullish journey following bullish triangle breakouts from two weeks ago. I have posted some charts of Aussie stocks that look bullish and may offer trading potential in this current buoyant environment.
The ASX 200 is a stand alone again today but, this time, it is to the upside! Check the current status of the order board.
The two main Australian stock indices, the XAO and XJO, have made bullish weekly-chart triangle breakouts. The XAO is the Australian All Ordinaries Index whereas the XJO covers the top 200 Aussie stocks. I alerted traders to these triangle patterns back in December and gave an update in early January. Triangle breakouts on both were achieved at […]