AUDUSD managed to rebound from a two-year low on Friday, snapping a six-day downtrend and portraying a falling wedge bullish chart pattern. However, downbeat data from China and fresh fears of covid resurgence push the risk-barometer pair to reverse the previous day’s recovery moves during early Monday. Even so, the RSI’s bullish divergence, confirmation of the...
AUDUSD renews its monthly low during early Monday as mixed data from the biggest customer China joins the risk-off mood. However, a five-week-old horizontal support area surrounding 0.7365-60 tests the pair sellers. Adding to the downside filters is an upward sloping trend line from late February, around 0.7310 by the press time. It should be noted, however, that...
AUDUSD marked a notable U-turn from the 50-DMA by the end of the key week. As RSI and MACD conditions back the recent weakness, another south-run towards breaking the 0.7000 psychological magnet can’t be ruled out. However, a convergence of the downward sloping trend line from August and 61.8% FE level of June 2021 and January 2022 moves, near 0.6920, become...
Soybeans is heading to test next support zone as it is continuing the falling wedge pattern . short term trend is bearish till next support . We will continue to see low demand in china as it is 2nd largest economy low demand pressurise the price .We can expect increase in demand on next support . support levels r marked on the chart .
Although the Reserve Bank of Australia (RBA) matched wide forecasts of inaction on early Tuesday, the Aussie central bank’s concerns over economic growth, due to the pandemic-led local lockdowns, weigh on the AUD/USD prices. Also challenging the quote buyers are the headlines from China and concerning the US stimulus, as well as debt ceiling extension. That said,...
NIFTY 50 EOD ANALYSIS -20-09-21
O / H / L / C
17443.85 / 17622.75 / 17361.85 / 17396.9
H-L = 261 points
VIX 17.49 / +14.84%
FII DII: -1534 Crores
SGX NIFTY at 1940h - 17427 +54 points
Likely open: Flat to mild positive. A lot depends on how the US markets end.
CHART BASED CONCLUSIONS - 15 Minutes Chart
A gap-down straight to the FIB support...
The Australian dollar is slightly higher in Thursday trade. In the North American session, AUD/USD is trading at 0.7756, up 0.12% on the day. On the fundamental front, the RBA releases its quarterly policy statement on Friday (1:00 GMT).
Relations between China and Australia continue to spiral downwards. China has engaged in a trade war against Australia, which...
Support good enough to hang out at 2054-2001.
RSI almost near the oversold zone.
Demand zone can be seen between 50%-61.8%.
Candle has been long legged doji.
A swing bottom now with higher low and higher high
can resume a rise.
In that case expect rise towards 2174-2200 which will
be the supply zone.
Range bound swing and volatility...
I have been searching for rare earth elements. I've been waiting for these stocks to take a dive. Probably been waiting around 6 months. Today I enter my first Rare Earth Element (REE) stock. I believe this is as low as i'll get it, I could be wrong but at 0.09$ CAD, I'll take that risk of being wrong. Look at the support it has formed since 2012, not it's 2020,...
Metal sector is heavily affected by the conflict between US-CHINA. Demand of metal has been heavily dropped in china. And we can't see any upward move for this sector until and unless everything is sorted. Short Tata steel as it is moving towards strong support and no chance for getting upward. #Illuminati