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AU200 Bias Still Bullish
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The AU200 price forecast in our May 20, 2020 technical analysis was bullish.
- Market developments after AU200,D1 May 20, 2020 technical analysis indicate bullish momentum still.
- AU200 edged up 0.3% since May 20, 2020.
- Australia's private business sector contraction slowed in May.
Here is what indicators show as of May 25, 2020:
- The Parabolic Indicator gives a bullish signal.
- The Donchian Channel gives a neutral signal: it is flat.
- The MACD indicator gives a bullish signal.
- The RSI oscillator gives a neutral signal.
- The Fractals give a bullish signal.
- The MA(200) Indicator gives a bearish signal.
- The Fibonacci indicator gives a bullish signal.
So the forecast remains bullish for the AU200,D1.
| Order | BUY |
| Buy stop | Above 5618.88 |
| Stop loss | Below 5251.56 |
The Commonwealth Bank Composite PMI report.
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