AU200 Bias Turns Bullish

The AU200 momentum shifted after the bearish price forecast in our April 23, 2020 technical analysis.

Market developments after AU200,H4 April 23, 2020 technical analysis indicate bullish bias.

• AU200 gained 1.9% in two days since April 23, 2020.
• Australia's goods exports rose 29% in March due to rebound in raw material exports.

Here is what indicators show as of April 27, 2020:

• The Parabolic Indicator gives a bullish signal.
• The Donchian Channel give a neutral signal: it is flat.
• The MACD indicator gives a bullish signal.
• The RSI oscillator gives a neutral signal.
• The Fractals give neutral signal.
• The MA(200) Indicator gives a bearish signal.

So the forecast turns bullish for the AU200,H4.

Australian Bureau of Statistics.