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AUD BULLISHAustralia's monetary policy outlook, developments surrounding the overall risk outlook and the country's domestic situation regarding the coronavirus are the primary drivers of AUD. As a high-beta currency, AUD has benefited from the market's improving risk outlook over recent months as participants moved out of safe-havens and into riskier, higher-yielding assets. Risks still remain, however, with regards to both the global economic outlook and the coronavirus outlook. Nevertheless, with many countries now rolling out vaccines programs, the outlook remains overall positive, a factor which should prove supportive for AUD. Regarding its monetary policy outlook, the RBA continues to rule out NIRP, and with the Cash Rate now at a record low of 0.10%, further reductions appear unlikely. However, further easing remains a possibility through quantitative easing and the central bank has stressed its commitment to purchase as many bonds as necessary to reach and maintain their 3-year yield curve control target of 0.10%.
by thunderpips
2
AUD/USD - BUYING POTENTIAL (MONEY REST ON BOTH SIDES)Technical Overview: - AUD/USD Check out our previous posted analysis Last week we anticipated a big move coming to the downside to potentially give us the opportunity to take shots on long positions. We had also marked out the sell zones where we could expect sell pressure to come in bringing us down, more specific taking out the liquidity resting above marked level. Currently price is on a bullish zone so the chances of seeing buying pressure now is not a surprise however we are not looking for buy opportunities in this zone because of liquidity resting below. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
by FlyDownX
9
Z1P - A closer look at the Falling Wedge !What will happen in the week ahead for Z1P ? My guess is as good as yours, although I am leaning slightly to Z1P validating a counter trendline break as the money rotation slows. The 0.618 retracement has been respected as resistance a number of times inside the falling wedge, as a result the $8.50 - $8.70 is worth watching closely. Additionally, Z1P at the longer time frame retracement (0.618) level is starting to get confluence in an oversold stoch, RSI, lower time frame MACD divergence as well which should act as strong support.
ASX:ZIPLong
by rutt
Your stomach in knots? Maybe these could cheer you upI am sure this is not the best time to make stock pick. But the market is actually not as bad as it may seems. If I look at my recent pick, actually only the china related stocks like BEKE/YSG are down because of the downtrend sentiment with nasdaq. If you look at my pick in ASX, all of the are still up since my recommendation, actually way up. One of the thesis I like a lot is about post covid recovery. I made some pick on travel and resources and they still hold strong. And today I want to make a few more recommendation on properties REITs because of a few reason - unemployment and spending will improve post covid, people would definitely look into the property market again - Australia gov is loosening the immigration policy to attract high income immigrants from Hong Kong, China and South East Asia which would drive an upward demand on property. - stock price of property REITS are still way below water compare to mar-2020 when the stock market melt down. There are a lot of REITs available in the ASX market, and I am just sharing a few which contain a good mix of residential, retail and industrial. Of course i like their recent price action on the charts. I personally would spread an equal amount of investment across these three and look for at least 30% gain in 3 months. ASX:VCX ASX:SCG ASX:MGR Good luck guys.
ASX:VCXLong
by Squishybrain
TLX - Bullish Technicals - High probability!Ive been looking for a high probabilty/good spot to trade TLX. Has been showing up in my scans for a while. This looks like the opportunity. Still only 1 billion market cap and has loads of potential. Technicals - Bullish flag + acscending triangle pattern. Entry - Bullish candle breakout of flag/triangle pattern. Fundamentals - Cutting edge of significant unmet medical needs in oncology & continues to aggressively pursue opportunities for the company’s suite of pharmaceutical products
ASX:TLXLong
by rutt
2
Longing on ASX:BET - uptick started todayThe ASX market appears to be heating up. Following on my other thesis on ASX marketing such as ASX:APT , ASX:CCP and ASX:Z1P , the other pick which I expect to see a lot of actions is ASX:BET . There are a few catalysts for BET during the few weeks: 1. It has just completed a round of SSP with over subscription hotcopper.com.au 2. Its price action has started an upward trend ever since the Dec 2nd with large transaction vol on that day, and showing consolidation ever since. 3. Contrast with the Gaming/Online Sport books in the US market, most of which has gone up 30-50% since Dec, the deregulation of online sport betting in the US market should benefit BET as well. 4. The upward candle of Jan 21st apparently is testing its all time high at 0.795. I am expecting BET to hit the 0.995 range before its earning release on Mar 2nd. Full disclosure, I put my $$ behind my thesis and just built a position @ 0.77 with a 10% stop loss @ 0.7.
ASX:BETLong
by Squishybrain
3
HTG - High Growth potential - Bullish Chart!Nice looking chart. Moving on strong volume. HTG is Still a relatively small market cap which could easily grow earnings quickly, particularly if the CV environment persists. Expecting continuation of bullish trend. Key technicals - Breakout of wedge and all time high which likely acts as strong support moving forward. Key Fundamentals - Leading Remote IT technology company focusing on the bullish resources sector. Will grow strongly for the forseeable (CV)+ moving into US and Europe markets is planned.
ASX:HTGLong
by rutt
ridethepig | Opportunities in Hydrogen stocks📌 Another single stock opportunity... I will start posting a lot more of these as the feedback has shown it is working. For today we are tracking a very interesting flow that is finally coming into fruition. Australia, Japan are advancing talks on hydrogen and a deal is around the corner. The breakout of the highs shows flexibility required and is an example of how to look at the important aspects rather than political noise. Momentum players here wish to play down an extension of the range, they wish to create for themselves an advance with reason and presence from the PM visit to Japan to make it a celebration. Another 75% is necessary, despite the fact we are already up big. Buyers should continue to find the courage to resist taking profits and quietly continue loading. The target of 1.50 is possible here . Thanks as usual for keeping the feedback coming 👍or 👎
ASX:HZRLong
by ridethepig
5
HT8 - 30% upside - Bullish Technicals!The ASX online sector looks like its getting bullish again and is ready to run. With that in mind ive checked a few of the online ASX stocks like KGN etc and, imo, HT8 had the highest probabilty chart to achieve 30% +. HT8 is positioned well to capture any stimulus excess cash as it did in 2020. Still only 50 mill market cap. Key Techinicals - Bullish flag is in play as well as a symmetrical triangle that is ready to break out. Key Fundamentals - Totally online, Harris Technology (HT) has been rated as the top ranked market place seller on Amazon Australia by independent US market research firm Marketplace Pulse and is ready to capture any excess Gov stimulus. Additionally, Harris Technology Group Limited launched a Pro-Hygiene division distributing PPE products in April 2020. The company has recently expanded product coverage from the existing range of face masks, hand sanitisers, alcohol wipes. It has co-developed a foot operated hand sanitiser dispenser. Sales on Pro-hygiene PPE products has exceeded $1.4 million since launching.
ASX:HT8Long
by rutt
2