Asia Pacific indices Australia 200 is consolidating between 5,615 and 5.685 trying to decide whether to break out or stage a correction perhaps back toward 5,555 initially. RSI suggests upward momentum stalling. Japan 225 has climbed to test the high end of its 15,430 to 15,800 Fibonacci trading channel. RSI has broken out of a […]
Asia Pacific indices Australia 200 continues to drift back from 5,685 resistance back toward 5,640 with next support near 5,625 then 5,555 a previous breakout point. RSI sliding back toward 50 suggests upward momentum fading. Japan 225 is holding steady near 15,435 a Fibonacci level, but the index falling away from a lower high near […]
Despite the wishes of RBA Governor Glenn Stevens, the AUD continues to defy gravity. Lower commodity prices should see lower terms of trade, and a lower Aussie, yet the currency continues to frustrate short sellers. Eventually, USD strength as stimulus is withdrawn should see a lower AUD/USD. But the AUD/JPY chart is telling a different […]
Asia Pacific indices Australia 200 has levelled off in the 5,600 to 5,685 range. RSI suggests upward momentum fading and it could be vulnerable to a regional correction. A retest of the 5,555 breakout point appears possible in a pullback. Japan 225 continues to roll over, with the index and the RSI drifting back from […]
Asia Pacific indices Australia 200 has levelled off near 5,650 after encountering resistance near 5,685. RSI levelling off suggests upward momentum running out of gas for now. Initial support near 5,600 then 5,550. Japan 225 continues to roll over, dropping back from 15,650 toward 15,550 with Fibonacci support levels near 15,430 then 15,130. Both the […]
From Graeme Kennerley at Trade with Precision On the Weekly chart the EURAUD has broken down through the key level of 1.4200 which is a key level for this pair. This may provide opportunities to the short side during the balance of this week. With price having retraced onto 1.4200 support may become resistance and […]
Asia Pacific indices Australia 200 continues to slump back from a failed attempt to break out over 5,670 resistance lev week, taking out 5,640 a previous resistance level. RSI rollover suggests upward mo slowing. Initial support tests possible near 5,600 then 5,500. Japan 225 stalled at a lower high near 15,650 well short of 15,800 […]
Asia Pacific indices Australia 200 is breaking out today, clearing 5,640 to signal the start of a new upleg and driving on toward 5,665. Next measured resistance on trend appears near 5,870. RSI indicates upward momentum still growing and not overbought yet. Japan 225 continues to climb, with 15,430 emerging as new support following a […]
Asia Pacific indices Australia 200 is pressing higher once again, trading above 5,600 and trending toward its July high near 5,645 with next measured resistance on a breakout possible near 5,800. RSI indicates upward mo growing. Japan 225 is bumping up against the high end of a 15,130 to 15,435 trading channel. RSI back above […]
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