• ASX approaching resistance, potential drop!

    ASX is approaching our first resistance at 5838 (100% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 5601 (50% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it […]

  • ASX approaching resistance, potential drop!

    ASX is approaching our first resistance at 5788 (100% fibonacci extension, 50% fibonacci retracement , horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 5389 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we […]

  • ASX approaching resistance, potential drop!

    ASX is approaching our first resistance at 5788 (50% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 5389 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is also approaching resistance and […]

  • ASX approaching support, potential bounce!

    ASX is approaching our first support at 5314 (100% fibonacci extension, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 5695 (100% fibonacci extension, 38.2% fibonacci retracement, horizontal swing high resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce […]

  • ASX approaching support, potential bounce!

    ASX is approaching our first support at 5516 (50% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension , 50% fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might […]

  • ASX approaching support, potential bounce!

    ASX is approaching our first support at 5520 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 50% fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see […]

  • ASX approaching support, potential bounce!

    ASX is approaching our first support at 5546 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 50% fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see […]

  • ASX approaching support, potential bounce!

    ASX is approaching our first support at 5590 (100%, 61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong drop might occur below this level pushing price up to our major resistance at 5949 (100% Fibonacci extension, 61.8% Fibonacci retracemen, Horizontal overlap resistance). Stochastic (34,5,3) is also approaching support and we might […]

  • ASX approaching support, potential bounce!

    ASX is approaching our first support at 5560 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see […]

  • ASX testing resistance, potential drop!

    ASX is testing our first resistance at 5989.2 (horizontal swing high resistance, 76.4% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 5871.9 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bearish divergence and is approaching our major resistance where […]

  • Aussie soars on upbeat GDP data

    The GDP of Australia rose 0.3% in the first quarter, in line with the forecasts. The country took the lead from the Netherlands for the longest period of continuous economic growth.