Bullish Flag Pattern for ABP.ASX Targeting $3.50
Price pierced through resistance ($2.87) with volume and cleared the range where it’s now coiling above under the 200 EMA. ABP.ASX has not touched the 200 EMA since the pre Covid drop. ABP.ASX – Abacus Property Group is a diversified property group specializing in Australia’s core commercial sector including office,…
MSB – MESOBLAST LIMITED Targeting $5.35
The XJO (ASX200) has sold off from the peak made on August 25th following the SPX(US500) and Nasdaq during uncertain global times and Covid numbers starting to increase again in Europe. While the XJO continued to fall in the past 5 trading days, MSB has experienced supreme buying pressure continuing…
AUD/JPY Daily Cross Signals Bearish Momentum
Price breaking below daily pattern trend line and if held, could commence the exit sell down to levels we have not seen since June. AUD/JPY is at a critical zone to determine its fate. This week Japan announced Yoshihide Suga as their official Prime Minister, and US retail data…
AUD/CAD Long Opportunity Targeting 0.95950 – Battle of the Commodity Currencies
Great risk to reward play forming on AUD/CAD with AUD looking to strengthen against the USD as the Iron Ore price strengthens and oil dropping effecting the Canadian Dollar. AUD/CAD has potential for price to break above August highs when you factor in the strong Iron Ore and Gold bull…
China vs Australian Tension Imminent?
The ASX Index takes a hit as Australia and China tensions brew, could this worsen ? USD stages a rebound , with the survival of the rally in question. Could EUR/USD be setting the stage to reach 1.25. US and European equity futures rise again, with treasuries slipping.
Technical Report – Trade Ideas and Key Levels
USD/CAD Trade Idea As illustrated in the image above, current prices are forming a ‘head and shoulders’ chart pattern formation, with prices creating the ‘right’ shoulder of the pattern. Technically speaking, we could see prices push sharply higher upon the break of the neckline (orange zone) at around 1.344. Zooming…