AU200 Bias Turns Bullish | IFCM

AU200 Bias Turns Bullish

  • IFC Markets
    2020/06/01
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    2020/05/25
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    2020/05/18
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    2020/05/11
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    2020/05/04
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    2020/04/27
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    2020/04/20
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    2020/04/13
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The AU200 price forecast in our March 27, 2020 technical analysis was bearish.

New data after AU200,H4 March 27, 2020 technical analysis indicate bullish bias now.

  • AU200 closed up 7% at 5181.4 on March 30.
  • Australia announced a moratorium on evictions of people from their rentals in the next six months.
  • Government said an additional A$1.1 billion ($680 million) will be spent on health and law services besides earlier measures which equaled to about 10% of Australia’s annual gross domestic product.
  • Here is what indicators show as of March 30, 2020:

    • The Donchian Channel gives a neutral signal.
    • The MA(50) Indicator gives a bullish signal.
    • The Parabolic indicator gives a bearish signal.
    • The Fractals give a neutral signal.
    • The MACD indicator gives a bullish signal.
    • The RSI oscillator gives a neutral signal.
    • The Fibonacci indicator gives a bullish signal.

    So the forecast is bullish for the AU200, H4.

    OrderBUY
    Buy stop Above 5321.32
    Stop lossBelow 4787.18

    Reuters

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