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Australia

AR9 - Consolidating with solid supportQuick look at the ASX:AR9 chart. Lookback After a cup-and-handle and subsequent break-out in July, ASX:AR9 hit a high in mid-August. It has since entered a four-month downtrend (Trend 1) and is currently in a period of consolidation. Strong support was immediately found at the 0.618 fib level ($0.36) and this has held despite being tested multiple times. While in a moderate uptrend (Trend 2), ASX:AR9 failed to break the 0.236 ($0.51) and 0.382 ($0.455) fib levels. This was accompanied by a drop-off in volume and a prolonged reduction in MACD. Current situation Current resistance (Resistance 1) is at the 0.5 fib level ($0.41) and this has been tested multiple times in the past three months. Of slight concern is the flip of EMA 20/50 from support to resistance, and up until today this looked to have returned to a support level. Volatility is shown to be high as per the BBQ-Squeeze. This may indicate a break-out is about to occur. The MACD has also shifted back to an uptrend and is heading into positive territory. Performance against Resistance 1 and Trend 1 will be key to ASX:AR9 s performance for the rest of the year. A movement above EMA 20/50 would be a positive sign, combined with the volatility and MACD indicators.
ASX:AR9
by chartorscience
IXR - where will it land?Quick look at ASX:IXR after a big end to last week. What has happened? After a huge run up between May 2019 and October 2019, ASX:IXR topped out at $0.015. During the ensuing months, ASX:IXR found support at the 0.5 fib resistance (Support 1) which held until COVID-19 when this level turned into resistance (Resistance 1). IXR bottomed out at the 0.786 fib resistance level (Support 2), confirmed by the WVF market bottoms and MACD crossover. ASX:IXR has since been in an uptrend and has broke through Resistance 1 and Resistance 2 ($0.013) - which has now turned support (Support 3). The previous high of $0.015 was broken through in early October and up until Friday had formed a new level of resistance (Resistance 3). Where to from here? After Friday's +18% day, expect new support at either the previous Resistance 3 ($0.015) or Support 3 ($0.013). MACD crossover indicates potential for some more green days, however both the MFI / RSI / Stoch are all heading toward overbought. Based on this it would be worth watching for retracement to one of the points above.
ASX:IXR
by chartorscience
Bullish Retest on EUR/AUD Creates GREAT Long OpportunityEUR/AUD is again at a fascinating position. It is touching the super important 1.66 horizontal level once again. If the price manages to find support on this level we might see enormous gains in a very short period of time. During this pivotal moment we will have to keep a close eye on the price to see what happens. Since EUR/AUD doesn't move fast generally, we have the time to observe the price and wait for confirmation or rejection of the horizontal zone first. I suggest to not enter a trade yet, but wait first for a confirmation of the horizontal zone. If it does confirm, enter a trade and try to ride the trend. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
5
Still in Australia; still collecting the massive 5.7% dividend.As you can recall in the link below, I have been looooong Australia for a looooooong time. Last time Australia had a recession pre-covid was 1990. This is their first recession in 30 years, and is exactly the time to build up your dividend dedicated strategy play here. I have made suggestion on may fund strategies ranging from delta neutral option making IC strategies in the /ES futures market, to growth plays - but when it comes to value in your dividend acct Australia is where it is at. One of the reasons Australia has been recession proof is the fact that the population is growing faster than GDP. According to the Federal Reserve Bank of St Louis, "For nearly 40 years, Australia has had a higher population growth rate than other industrialized economies". I have heard countless misinformation about immigrants over the years, but the cold hard truth is immigrants are a wonderful blessing and aid countries greatly. Migration is a blessing for countries.
AMEX:EWALong
by ZenMode
EUR/AUD Is At a PIVOTAL Moment! EUR/AUD is again at a fascinating position. It is touching the super important 1.66 resistance once again. If the price manages to break through this level we might see enormous gains in a very short period of time. During this pivotal moment we will have to keep a close eye on the price to see what happens. If the bulls manage to break through the resistance it could be very interesting to go long. Similarly, if the bears are strong enough once again (just like they have been at least 8 times already), a short position will be the better option. Since EUR/AUD doesn't move fast generally, we have the time to observe the price and wait for confirmation or rejection of the horizontal zone first. I suggest to not enter a trade yet, but simply keep this pair on your watchlist and set a reminder for when the price crosses important levels. Such as the 1.67 level for the bullish breakout or the 1.64 level for the rejection. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
by Trading-Guru
12
Another Country Breaking Out - Australia!When we look around the world, it often feels like the sky is falling if you tune into financial media. Well here, we look at the charts and see if we can find trends. We have a new breakout in an important commodity economy. Australia! Let’s have a look at the chart. So here we have Australia going nowhere since June. Tons of failed breakouts with the wicks not being able to stay above 6130. We finally get the breakout with follow through as well. Not only do we have the breakout in price, we also have a breakout in RSI terms. This is bullish. Right now we are looking for stuff to buy. We have made that clear. Now we can add Australia to the list of markets that are breaking out. Happy Trading!
OANDA:AU200AUDLong
by derzzycharts