Elliott Wave Analysis: ASX200 and top tech stocks

Peter Mathers TradingLounge

Stock Market Investing S&P/ASX 200 Elliott Wave Technical Analysis.
Content ASX200, CBA, Iron Ore, China, BHP, RIO, FMG,GOLD, NCM, GDX, DXY, AUDUSD.
Summary Expect Resource and Finance to rally in Wave a) of B.
Elliott Wave Wave v of (v) of v) of A of (2).
Strategy The ASX200 to bounce off 7300.

Video Chapters

00:00 S&P/ASX 200 (XJO) / USD DXY
18:35 Commonwealth Bank CBA, XXJ
25:50 BHP Group (BHP), Rio Tinto (RIO), Fortescue Metals Group (FMG)
34:44 Lithium Stocks. PLS AKE CXO ( Sorry didnt look at Lithium stocks today)
37:26 Newcrest Mining NCM / GOLD XAUUSD GDX
44:00 AUDUSD / US Dollar DXY

Author

Peter Mathers

TradingLounge

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

EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold bounces back toward $5.200 amid sustained safe-haven flows

Gold bounces back toward $5,200 in Wednesday's Asian session, moving away from an over one-week low. Sustained safe-haven flows, amid escalating geopolitical tensions in the Middle East, act as a tailwind for the bullion. However, a bullish US Dollar and reduced bets for more aggressive easing by the US Fed might keep a lid on the non-yielding yellow metal ahead of the US ADP report and ISM Services PMI data due later in the day.