Tag Archives: Support

Australia 200 Index – in the zone

Price action since February in the Australia 200 Index has done traders a favour by marking out clearly defined support and resistance. Although I don’t have a trade today, the release of Australian and Chinese data over the next few … Continue reading

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Australia 200 – crossing the line

Daily moves of the Australian market are becoming more difficult to predict. Yesterday, the Australia 200 index showed surprising strength. Today, despite positive leads from energy and metal markets and only mild falls in the US, the market is down. … Continue reading

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AUD/USD continues to rally – facing key short term resistance

The relative performance of the AUDUSD in the last few sessions has been quite impressive. As anyone who deals in the Australian equity markets would have seen we are being led by markets other than the US – in this … Continue reading

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Euro sighs and yawns into another session – Plus a trader poll

Despite my somewhat nonplussed title for this blog there is actually interesting stuff going on here today so keep your eyes open in the next 24 hours. As I suggested last week there is some weird stuff going on with … Continue reading

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BHP turns bullish with classic breakout

While the price of iron ore has been causing a goodly deal of concern in the market in recent weeks the ‘Big Australian’ has been slowly but surely starting to gain a bit of traction with the trader community. All … Continue reading

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EURGBP – Short term weakness but consider the higher timeframe

On the hourly chart of EURGBP I think we are quite likely at a price juncture that allows for a decent risk:reward setup for FX traders to take a look at. Again in this setup I am looking at volatility … Continue reading

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Copper Leads

Traders watch copper closely – it can be a good leading indicator of global industrial and commodity sentiment. A trade signal in Friday’s trading on the daily chart could be important not just for copper markets, but for resource stocks … Continue reading

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EUR/USD – Stalking your prey may be the go

Whilst I normally write about trade setups that are imminent I thought today I would share with you a different perspective on looking at setups and discuss how looking at some different timeframes can give you a clearer picture on … Continue reading

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GBPUSD – Hourly Chart at Key Level

Whilst there has been little in the way of positive to grab hold of in recent sessions it has been quite notable that prices in a number of key indices have been finding a goodly degree of support in recent … Continue reading

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AUD/CAD – Sell if resistance respected

We have been witness to some very aggressive selling of nearly all currencies against the USD in recent sessions. Whilst there has been some let up in this area in the last 2 sessions there are still some very interesting … Continue reading

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