AUD/USD Long Idea (Taking order)Aud/Usd log idea based on technical analysis. Support and resistance idea. Daily is retesting a major support zone, I scaled down on lower time frame to look for entry
Australia
XJO - Technicals are saying a bearish move could be on the wayThe XJO chart has a bearish rising wedge formation that is coming to a cross roads. Looks like a break to the downside is highly probable leading into the end of the 20/21 financial year.
AudNzd: on the way own until the end of September?not rocket science but seems plausible :)
noticed that the waves are almost the same in all three situations
waiting for the last leg to happen
AUD CAD 4h longprice came back to 0.618 Fib level.
noticed that this level can have a big influence
also seeing some momentum on smaller TF
Australian stocks looking pretty goodAfter more than a decade of poor performance relative to other markets, the Australian stock market has clearly broken out. At least it has broken out in AUD terms, not USD terms (not yet). It's looking pretty strong and in my opinion it could continue much higher. Definitely one market that makes me have a more bullish outlook on stocks in general.
At some point it could return to 6300, but for now I can easily see it go to 10000 over the next 12-18 months.
AUDUSD BEARISHAUDUSD is set to commence on a bearish market run based on the below fundamental and technical analysis.
Fundamental Analysis:
-China's negative trade policy on Australia products coal wine among others and accusations of dumping
-Australia Covid 19 lockdown
-According to COT Commitment of traders report, Dealers have taken short positions and changed form long.
Technical Analysis Supporting:
-Price has broken daily uptrend resistance line
-Bearish Head and Shoulder Pattern Formation confirmed.
-Rising Wedge broken on lower resistance line
-Price went below moving average
Expected Breakout Higher in AUS200Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in AUS200.
Trend Analysis
The main view of this trade idea is on the 1-Hour chart. AUS200 has been in a rangebound move and is expected to breakout in the short to medium term. Based on the market profile, the range is between 7255 and 7325.
Technical Indicators
AUS200 recently crossed above its short (25-SMA), medium (75-SMA) and fractal moving averages and it is currently at the middle of the range. The RSI is above 50 and is heading higher. Moreover, the KST confirmed bullish move with a positive crossover.
Recommendation
The recommendation will be to go long at market. At the time of publishing AUS200 is trading around 7293. The medium-term target price is observed around the 7400 price level. A stop loss is set at 7200.
AUD Index: 7/12/21 - 7/16/21This is a Australian Dollar index I created. I use these to help gage currency strength when looking for a pair to trade.
GL Traders!
"Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
LIT a brief analysisDISCLAMER: This is not investing advice
Long term holder of LIT
As a holder I have found little to no analysis on ASX:LIT on tradeview, so I thought id share a few thoughts and start a discussion about the stock.
ASX:LIT has found a strong support field between 0.110 and 0.120, for the last few months.
Stock has been performing well from a fundamental analysis stand point and just needs a positive catalyst to get things moving.
we usually see some small upside movement at the announcement of positive news however the stock ultimately falls back to its comfort zone between 0.110 and 0.120.
In my opinion we need to see a drop to 0.100 and the confirmation of projects to go forward in the later half of 202, before true growth can occur.
AD8 - Get ready for it to breakout!!Key Technicals - Symmetrical triangle pattern suggesting there could be some nice upside in AD8 ( roughly 30%). Looking to enter a Breakout of triangle pattern. Trend to continue bullish if we break the high side.
Key Fundamentals - Plenty of growth as AD8'S products are becoming more of a necessity rather than a luxury.
asx.api.markitdigital.com
TLX - Bullish Flag Pattern!Bullish candle in the TLX chart today has got me interested in it again. The chart has a high probability bullish flag that looks a high probability opportunity. ATR is erratic the only concern.
Entry: bullish candle break of flag with above average volume.
AUD/JPY 1200PIP SHORT OPPORTUNITY INCOMINGHey everyone! Hope all is well. As you can see on the chart, we a potential upcoming short.
We are looking at a breakout of a downwards channel and currently following the price action as it begins its major retest retracement.
Good luck!
Love, peace, Seb.
Bapcor - Ascending Triangle 20% UPSIDETechnically Bap looks to have 20% upside. Plus solid fundamentals to add to the story.
Key Technicals - looking to buy on breakout of ascending triangle with above average volume. Or throw back of breakout.
Key Fundamentals - Growth internationally (TYE SOON aquisition) + New & used car demand remains strong, we are moving around differently than pre covid.
Note: Commbanks household spending intentions series suggests the wealth effect from rising dwellings should be bulllish for motor vehicles moving forward.
With that in mind, i'm watching closely, particularly, the BAP investor day that was postponned from june to July.
We may see a BAP upgrade at some point much like BKW who had/has a very similar chart and is benefiting from the same sort of economic tail winds.
www.commbank.com.au
BKW - Bullish Flag + Ascending TriangleBKW looks a high probabilty trade here with limited down side.
Technicals - Looking for trend continuation from throw back of the ascending triangle breakout + nice confluence with bull flag.
Fundamentals - High demand this part of the cycle for building products + management whom have an outstanding track record of raising dividends will likely navigate the inflation coming through advantageously for BKW shareholders.
WES - High Probability setup, Cup & Handle !Key Technicals - Cup & Handle Pattern, buying on breakout of cup (above average volume) or retest of cup line as resistance becomes support.
Key Fundamentals - Strong management along with one of the strongest balance sheets(ASX TOP 50) according to AFR.
AUD on the rise after better GDP data!This is not a traditional type of trade we would normally take, swing trade that is, but with the much better than expected data out of Australia in Q1 of 2021, ofcourse the trade is supported with technical indications which we're about to list below.
- 10 DAY EMA
Price has moved above the 10 day ema, and is supported by higher lows leading to a rejection level, thus completing a pattern that would indicate a bullish break
- PRICE ACTION
As mentioned above, we see higher lows right now, which when supported with excellent fundamental data only increases the proability of a higher move on AUD vs the NZD
As an overall we believe we should see gains on the AUD for the rest of the week, unless some negative data comes out the retail sales due tomorrow during the Asian session.
Good luck trading!
RRL is reaching to a critical zone...
Take a closer look at the highlighted area in which, four different lines are acting as a support...
REGIS RESOURCES LIMITED RRL(ASX)
ASX:RRL
Hub24 - Continuation of Bullish Trend or ?Hub24 has a symetrical triangle formation that is ready to break out. Note: Hub has held up very well in the tech selloff (likely over) and with that in mind the breakout should be bullish & the trend is likely to continue.
Catching the waveSometimes catching a wave is hard and other times it's about as easy as buying double A batteries from Woolworths. You pick when and where.
Jokes aside, Appen is setting itself up to bounce off of the 8/1 gann ratio and longer term trend we've seen building over a 12+ month period. The weekly RSI is ticking oversold territory and could work in the favour of this trade.
With an upcoming quarterly report it will be worth watching how it reacts.
Best of luck out there!
