Get started

Aussieindex

ASX approaching resistance, potential reversal! ASX is approaching its resistance at 5911 (76.4% & 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop to its support at 5823 (38.2% Fibonacci retracement, 61.8% Fibonacci extension). We have also identified another resistance at 5951 (100% & 61.8% Fibonacci extension, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reaction could occur.
OANDA:AU200AUDShort
by ICmarkets
1
ASX is approaching resistance, potential for a reversal!ASX is approaching its resistance at 5861 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, 50% Fibonacci retracement) where it could potentially react off it, causing price to drop to its first immediate support at 5811 (61.8% Fibonacci extension, 38.2% Fibonacci retracement). If it breaks past this level, it could drop to the next support at 5774 (61.8% Fibonacci extension, 50% Fibonacci retracement). We have also identified another resistance at 5903 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching resistance at 98% where a corresponding reaction could occur.
OANDA:AU200AUDShort
by ICmarkets
ASX approaching its resistance, potential reversal!ASX is approaching its resistance area between 5851 to 5885 (50% Fibonacci retracement, 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance) where it could potentially react off it, causing price to fall to its support at 5692 (horizontal swing low support). We have also identified another resistance at 5960 (horizontal swing high resistance, 76.4% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reaction could occur.
OANDA:AU200AUDShort
by ICmarkets