|

Elliott Wave Analysis: ASX200, CBA, iron ore, BHP, lithium stocks, GDX, gold, NCM, DXY, AUD/USD [Video]

Australian Stock Market Elliott Wave Technical Analysis Trading Levels ASX 200 Index (XJO), Forex AUDUSD, US Dollar DXY, Commonwealth Bank CBA, BHP Group (BHP), Rio Tinto (RIO), Fortescue Metals Group (FMG), Newcrest Mining NCM, Australian 2 Yr Government Bonds Yield. Technical Analysis Trading Strategies.
ASX200 Market Summary: Bear Market Rally  Elliott Wave count: (c) of iv) of 3 of (1).
ASX200 Trading Strategy: Wait for the top of Wave iv), confirming the top and then look to short. Gold stocks and other resource stocks have much the same count, including the AUDUSD.

Video chapters:
00:00   ASX200 (XJO).
08:04 Commonwealth Bank CBA.
10:44  Iron Ore Copper BHP RIO FMG.
19:53 Newcrest Mining NCM / US GOLD/ GDX.
19:53  Lithium Stocks.
19:53  Australian 2 Yr Government Bonds Yield.
23:49  AUDUSD /  DXY US Dollar.
30:05 Thanks for watching!

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

More from Peter Mathers
Share:

Editor's Picks

EUR/USD looks to regain the 200-day SMA

EUR/USD regains some balance and trade just above 1.1600 the figure ahead of the opening bell in Asia. The pair initially dipped to the 1.1530 zone for the first time since November, always following the stronger US Dollar and the marked flight-to-safety in the context of the ongoing Middle East crisis
 

GBP/USD attacks 1.3300, refreshing three-month lows

GBP/USD is deep in the red near 1.3300, accelerating its downside to renew three-month lows in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar capitalizes on increased haven demand.

Gold bounces off lows, back above $5,100

Gold remains on the defensive, eroding part of the recent multi-day advance and managing to trade back above the $5,100 mark per troy ounce on Tuesday. The precious metal initially dropped just below the critical $5,000 threshold on the back of the persistent strength of the Greenback, higher US Treasury yields across the curve and investors' repricing of Fed rate cuts.

Ethereum: Whales step up buying as short positions contract

After holding firm heading into the last weekend, Ethereum whales have returned to action, pouncing on the volatility stemming from escalating military actions between the US and Iran.

Energy shock 2.0: Why rising Gas prices could hit the Euro

Even without a confirmed, sustained disruption, the mere risk to a key global energy chokepoint is enough to inject a significant premium into European Gas markets. And for the Euro, that matters.

Ripple falters amid sell-off jitters and negative funding rates

Ripple (XRP) has come under pressure, drifting lower to $1.35 at the time of writing on Tuesday. The over 2% correction looks poised to erase the previous day’s gains, which lifted the remittance token to $1.42.