XAT trade ideas
AUS 200 approaching key resistance level .aus 200 approaching key resistance level on daily and weekly charts resistance is at 6150 . also RSI is overbought in 4 hours chart.
potential of a short sided trade with first target of 6125 and 6100 in extension with a stop loss at 6175.
Room for Aussie shares to catch up after RBAThe RBA will restart buying Australia bonds as of tomorrow. With new curfew rules keep virus under bay in Melbourne - could be enough....
ASX 200 (XAT) - Updated EW count ASX 200 (XAT) is now going down in C wave down after B wave triangle. wait for triangle to break down to confirm the move.
ASX200 - Will 2020 be worse than 2008?It took the ASC 325 days to get to 4300 in 2008 and 35 days to get there in 2020...
Hoping that this time its not going to be as bad, but if it happens... its going to be hard and fast!!
Situation in Australia! The XAT is offering some interesting opportunities on various time frames. I explain.
Morning Star beri peluang yang terlepas LongMn Trendline tolak price.
Chart Pattern di H4 telah bentuk Head n shoulder.
Harga masih boleh teruskan long.
Tiada tanda yang masih kelihatan price nak turun.
H4 Candlestick telah bentuk Morning star. Tanda kekuatan lembu jantan
sondol harga nail.
Buy.
Tp di Sell zone
Australian 200: one to watchI'm in, short on the XAT, following initially a 30-min microtrend which is coincident with a potential turning point on the Weekly time frame. In effect this could be a microtrend nested in a macrotrend at this point in time.
ASX May17Long Australia
Weaker dollar ... commodities set to rip...
Trend line resistance eroded
Note: Levels on the ASX different from the XAT
ASX 200 Index & AUD & Before Today's Rate Decision Sept 5, 2016hours of research:
So, far, the trend resumes before the rate decision, but new information will break patterns. According to my suspicions and the analysis of the Australian economy, initially, I thought all is lost; however, when I looks at the whole picture; that is, the economic activity, consumer health, the labor market, inflation, the booming housing market, and now this market indicator (the ASX Australian 2000's, weekly, bullish uptrend), the picture looks bullish as a whole.
It took several hours to check this out. I probably missed something. I want to believe that it is bearish, but it is not. From this, I conclude that it is not right that Australian lowers their interest rate anymore.
Maybe this is like a pregnant woman with birth-pangs. All the signs look disastrous, but out comes something beautiful. My bullish view of the Australian economy was, indeed, eroding, but it has not died out yet.
Recommended pairs for myself are
(1) The carry trade in AUDJPY, like before several weeks or months ago. The yield has been nice as well as the appreciation of the price.
(2) I hold a short on AUDUSD, which may not work out.
(3) I am long AUDNZD.....
