3cAnalysis - SPOT AUDUSD - signals switch to temporarily bullish

Report

3cAnalysis

Steve Lucas

SPOT AUDUSD - signals switch to temporarily bullish

Against a background of bearish signals for AUDUSD on the week, Monday’s trading saw sentiment trade sideways inside Friday’s range for an unchanged close. A 4 Big Fig sell-off since September’s over 2 year top has left intraday sentiment oversold with prices trading near their 100 day average rate as well as to .7700, a re-test of a broken monthly bear trend. However, buyers have returned to the market in Asia this morning and although there is no clear reversal pattern, intraday signals have improved and the outlook for Tuesday is to buy on the open and then at .7753, today’s open in Asia with a stop loss at .7733, Friday’s low. Targets are to .7799, Friday’s high, .7830, Thursday’s Marabuzo line and .7866/75, last week’s high trades.

10/10/2017 11 EN

Provider

3cAnalysis

3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.

See profile

Analysts

Steve Lucas

Other Reports from 3cAnalysis

Steve Lucas

Steve Lucas

Q4 DEC'20 S&P - ThE Q4 report for technical analysis & trade strategy

Open - 3360.0, 12th Oct 3493.0 target met..Despite the strong Feb-Mar sell-off, for the 7th quarter in a row signals going into Q3 were bullish. These were confirmed as all our topside targets were met with sentiment posting a 2nd higher quarterly low in a row and a gain of 500 Pts. There is the potential for pullbacks, but these should be temporary and the outlook for Q4 remains bullish and the call is to buy only modestly on the open and then at 3198.0, September’s low with a stop loss at 2880.0, a 50% pullback to the Mar-Sep gains. Targets are to 3493.0, September’s open, 3587.0, September’...

October 13, 2020 October 13, 2020 11 EN

Steve Lucas

Steve Lucas

WEEKLY DEC'20 DAX - This week's technical analysis & trade strategy

DEC'20 contract - A rising trend of higher monthly lows is positive for sentiment and our bullish forecast for Q3 has been confirmed. However, with sellers returning to the market in September from ahead of 13538.0, the window which has remained open since a weekly close at February’s record high, last week’s signals switched to a bearish bias and the call to stay square on the open and to sell the rally at 13258.0 was moderately successful. Despite closing with an up week, signals for this week continue to point temporarily lower and the call is to sell only modestly on the open and then at 1...

September 22, 2020 September 22, 2020 10 EN

Steve Lucas

Steve Lucas

WEEKLY JUN'20 DAX - This week's technical analysis & trade strategy

Jun'20 contract - Having identified the previous 4 week sell-off, last week’s signals were unusual as they pointed to both buying the dip and to selling the rally. This was the correct interpretation as an initial 500 Pt sell-off attracted buyers, but for the rally to attract sellers on Friday and for sentiment to deteriorate by over 600 Pts from the top. This week’s signals are pointing lower, but any pullback should be temporary, so with a good deal of caution the outlook is negative and the call is to sell on the open and then at 9950.0 with a stop loss at 10352.0, the last 3 week Marabuzo ...

March 30, 2020 March 30, 2020 12 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

SPOT AUDUSD - signals switch to temporarily bullish

Q4 DEC'20 S&P - ThE Q4 report for technical analysis & trade strategy

WEEKLY DEC'20 DAX - This week's technical analysis & trade strategy

WEEKLY JUN'20 DAX - This week's technical analysis & trade strategy

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe