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Australia

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
DE GREY MINING RUN TO CONTINUE?DE GREY MINING (ASX:DEG) has just had a much needed rest. After 8 months and +3000% increase its well deserved after its Pilbara WA "Mallina" Project surpassed 2.2Moz Gold Projection. Sitting 50KM south of one of the most ideal ore exportation capitals in the Southern Hemisphere (Port Hedland WA) it's easy to see why De Greys is going from Strength to Strength, and they haven't even scratched the surface with multiple Gold anomalies yet to be fully explored. Technicals: Area of Interest approaching... Fib Retracement Golden Pocket Near, recently broken .382 level. Uptrend Intact. Has already hit Major Trend Based Fib Retracement target previously for +170%. Healthy retrace almost complete IMO. Ichimoku still intact and Bullish. MACD starting to round anticipating the turn BUT not confirmed. RSI starting to flatten having just crossed the 50. Stochastic indicating oversold region. Approaching MA50 looking for reaction. Some Fundamental Highlights.. Mallina Project quickly turning into Tier 1 Project +2.2 Moz Gold Deposit. Project location among the best in the World. Stable Cash Runway + $28million CASH (30 June 2020) & Debt Free. With such a rapid growth it's hard not to keep an eye on the rising star De Grey Mining, BUT I'm more interested in future projections of Gold consumption and what this means for the Sector. With global demand predicted to rise by 2.1% annually and Australia set to be the No.1 Gold Producer in 2021 it's a good sign for the Domestic players with production set to rise by 9% 2020-2021. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTA. Happy Hunting!!!
ASX:DEGLong
by Trader_Johnni
2
ridethepig | Australian YieldsThe gridlock continues with CB's keeping Yields interlocked for as long as possible. An attack on the highs is inevitable if you ask me, sellers base is just not strong enough. 📌 Recession Strategy US will lead for the purpose of these flows, buyers may still make concessions and allow a retest of 0.82% lows but anything else looks very difficult. The counter-play here to the topside will cause severe damage to the economy as inflation enters back into the game. I will be doing a detailed post on inflation as there have been a number of questions coming in around how it will develop. We need to keep tracking the supply side to really get into the heart of the matter. The post is going to cover much more about the reversal of globalisation , government intervention, more protectionism, productivity taking another hammer via covid, less tech and etc and how to work with these moves.
TVC:AU10YLong
by ridethepig
1
XJO or SP200 about to decide where to go🚨🥵🚨AS i mentioned last time that XJO was fighting the 200MA that was aligned with the 0.618 golden fib, apparently it lost the battle and decided to consolidate below it. But does t look like it is going to make one major decision which will be written down in history? lets dig deep and analyze. XJO after failing to conquer the 200MA has been shy and it even failed its 50MA and now it is fighting to stay close to the 6k level. However, considering the massive selloffs on Wall Street, I think it is about to make one major move. Looking at that chart it is almost writing a curve as if it want to fall below towards the 5700 which is a strong support. I think we may see the price testing that level in coming days and if that level fail, my friends, I see XJO going deep down. However, not all hope is lost, at the moment it looks like it is in massive consolidation zone which, if it holds , can be considered as a huge bull flag. Most short term indicators like PSAR, LSMA, QLSMA look bearish so far. As I said last time, this may not be the best time to buy, better wait for the market direction then enter the market. But for those who ride the waves, they may find it interesting to but the support and sell the resistance. I will keep you posted of any change in this market. Stay safe. Dont forget to smack the likes. XTF
ASX:XJO
by xtf_ze_trader
1
ASX:FXL hit by a smooth Criminal 😫🥵👿🚨ASX:FXL has been the dog of the year in the BNPL domain. It has shown no willing to follow its counterparts when it comes to rallying to the moon. However, leaving aside all these moonboys dreams, lets see what the technical analysis has hidden inside the charts. I tried to add few labels to the chart to make it self explainable but I cant miss to point the following: - A rejection to a key point in any market 200MA - An attempt to flip PSAR that worked but the flip level was quickly rejected - An attempt to break out of the pennant structure that was immediately rejected - an epic rejection volume. To me with these points I believe bears are still in control of this stock and until I see signs of breakout I cant tell anyone to buy. For those holding it you can hold as the structure is not broken. The price may be under pressure in next week but until the anchoring point is not broken you can hold. Keys point to watch out on this stock: - price breaking out of 1.320$ level - price breaking above the pennant - price breaking the 200MA and closing a week candle above that level. I will keep an eye on this stock for you and get you alerted when things change. Have a good weekend and keep smashing the likes. XTF.
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by xtf_ze_trader