SoloTraderAU

SoloTraderAU

Hi followers, After a long period of time, I finally get back on track to update some TA. In this January, I will highlight a few potential stocks to be considered. For those of you that hold these two penny stocks. They have both MA crossover on 17 Dec, hold your fire now since they almost hit the ceiling. SYR has a few bearish candlesticks signals, beware of...

SoloTraderAU

Spot Gold. The market drove the gold price down and closed below the open price of previous bullish candlestick. This bearish engulfing is the first sign of bearish movement. It is also found near the resistance zone in mid-June 2018. Therefore, it makes sense for a technical correction. Conversely, this AUS gold mining stock EVN behaved very well from the...

SoloTraderAU

Spot Gold. The market drove the gold price down and closed below the open price of previous bullish candlestick. This bearish engulfing is the first sign of bearish movement. It is also found near the resistance zone in mid-June 2018. Therefore, it makes sense for a technical correction. Conversely, this US gold mining stock AQG listed in ASX behaved very well...

SoloTraderAU

Spot Gold. The market drove the gold price down and closed below the open price of previous bullish candlestick. This bearish engulfing is the first sign of bearish movement. It is also found near the resistance zone in mid-June 2018. Therefore, it makes sense for a technical correction. Conversely, this Australian gold mining stock SAR behaved very well from...

SoloTraderAU

Hello traders I felt sorry about I haven't updated anything because I moved my eyes on my teaching in Google Classroom. This is my first analysis in this new year 2019. I believed many of you, like me caught this opportunity of any AUD pairs yesterday. Although this analysis came a bit late, nevermind, we are looking for the TP levels. Everyone can spot a very...

SoloTraderAU

Price stuck at $4.90 for a few days (close to Fib Ext 100%) Harmonic pattern AB = CD. MGM expects to fall back to Fib Ret 38.2% or Fib Fan 50%

SoloTraderAU

With the current pressure of a strong downward trendline, AUD/USD entered the 5th downside cycle with a confirmation of the high test bar on 2 Nov. If today following with a bearish candlestick, we will probably see a hidden MACD divergence as well. The price could possibly retrace back to the double bottoms level at 0.716 (also ~Fib Ret 38.2%) or even further to...

SoloTraderAU Updated 

New target to be defined by Fib ratios setup. We target AUDUSD will hit the yellow zone where bounded by a few fib ratios from retracement, extension and channel. AUDUSD is currently hanging around at a critical S/R level that is measured by weekly chart. From the MACD indicator, we see a regular bullish divergence is forming, but not confirmed yet without a...

SoloTraderAU

Bitcoin (daily chart) runs a similar structure to Gold (weekly chart). They are lying inside their strong demand zones respectively. We expect the zig-zag continuation inside the triangles will last a bit longer. Breakout possibility for BTCUSD = 7800 (refer to previous ichimoku analysis) Breakout possibility for XAUUSD = 1350

SoloTraderAU Updated 

6700 - 6800 is a critical level formed by previous inverted head and shoulder pattern. Price action is currently trying to retrace back to Fibonacci Retracement 23.6%, and may reach 6700 very soon. According to the indicators like RSI, Bitcoin is in oversold with a bit of momentum of volume lifted up. When you zoom out the graph on the left, OBV has reached a...

SoloTraderAU Updated 

2018.08.06 TA Report Aussie Market Buy/Sell ratio = 0.40 Buys: 197 (9.6%) Sells: 489 (23.8%) Hold: 1371 (66.7%) Let's see previous 5 days relative timing values by VectorVest on this stock: 06-Aug= 1.30 03-Aug= 1.26 02-Aug= 1.21 01-Aug= 1.20 31-Jul= 1.16 AMI.AX has a current Value of $1.24 per share, which is undervalued compared to its Price of $0.66...

SoloTraderAU

AUDUSD is free falling in the last few hours causing the MACD crossover occurred. We simply measure the price range of the converging green lines, and confirm the TP is somewhere in the demand zone (0.715 - 0.718) We can also use chikou-span to tell us our targets as well, somewhere between 0.7172 - 0.7183 All the best.

SoloTraderAU Updated 

2018.08.06 TA Report Aussie Market Buy/Sell ratio = 0.40 Buys: 197 (9.6%) Sells: 489 (23.8%) Hold: 1371 (66.7%) Let's see previous 5 days relative timing values by VectorVest on this stock: 06-Aug = 1.15 03-Aug = 1.04 02-Aug = 0.98 01-Aug = 1.15 31-Jul = 1.14 DMI.AX has a current Value of $0.02 per share, which is overvalued compared to its Price of...

SoloTraderAU Updated 

Ichimoku Target 1 = 7284 Target 2 = 7118 Trend line analysis & MACD crossover Target = 7110 (Fib Ret 50%)

SoloTraderAU Updated 

I am not sure the Fed Monetary Policy Report. But all we know that the XAU/USD has been beaten. The current price action from 5 mins chart formed a triangle pattern. To go LONG, we need to see a breakout from 1244. Please note Ichimoku indicators parameter changed into 72, 144, 288 for 5 mins chart trading.

SoloTraderAU Updated 

2018.07.10 TA Report Aussie Market Buy/Sell ratio = 0.38 Buys: 211 (10.2%) Sells: 533 (26.8%) Hold: 1297 (62.9%) Let's see previous 5 days relative timing values by VectorVest on this stock: 10-Jul = 1.39 09-Jul = 1.36 06-Jul = 1.37 05-Jul = 1.35 04-Jul = 1.35 DMI.AX has a current Value of $0.01 per share, which is overvalued compared to its Price of...

SoloTraderAU Updated 

Hello guys We can see the lowest BTC hit was 6072 last night. When you compare to a month ago, buyers also pushed from 6120 back to 6841. 6841 is close to 6874 = the low point of chinkou-span at Jan 2018 (the orange star on the right graph) So interesting ! At this moment, it is still too early telling that an inverted H&S pattern will be formed. We should...

SoloTraderAU Updated 

While most of traders’ ideas go SHORT on USD/JPY. I have different point of view. I am waiting for a breakout for this ascending triangle pattern, and the target could reach supply zone (in pink) Ichimoku analysis tells us that the current price reaches a danger resistance level. With most of the circumstances like chikou span, tenkan-sen, kumo telling us the...