S&P/ASX 200 Index (^AXJO) Technical Analysis Elliott Wave Forecast. 
Plus CBA  ANZ BHP RIO FMG, IRON ORE, COPPER, CRUDE, AUDUSD, GOLD, SILVER, DXY, NIFTY 50, CHINA  A50 Shanghai Composite SSEC. 

ASX 200 Index Overview: bearish, but a complicated Wave (4).
ASX200 Elliott Wave Wave c) of B 7430 - 7480.
Trading Levels: Minor Level 7400 Expect Classic Trading levels pattern across this price point.
ASX200 Trading Strategy: Long.

Commodities:
Copper Elliott Wave tracking tow counts, but expect higher price levels.
Iron Ore finding support 650.
US Spot Gold Elliott Wave has broken support, but still in the larger Elliott wave triangle pattern.

Australian Stocks:
Finance and Bank have support.
Resource stocks Looking for support.

Video Chapters:
00:00 ASX200 Banks XXJ,CBA  & ANZ Elliott Wave Analysis.
18:27 Nifty 50 & China A 50 Shanghai Comp SSEC Elliott Wave Analysis.
21:07 Commodities Iron Ore Copper Crude Gold Elliott Wave Analysis.
28:36 AUDUSD & DXY Elliott Wave Analysis.
31:38 ASX Resource Stocks NYSE BHP ASX BHP FMG Elliott Wave Analysis.
36:00 Thank you for watching ASX200 Elliott Wave Analysis.

 

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.

The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD jumps to three-week highs near 1.1650 amid falling dollar, yields

EUR/USD is trading close to 1.1650, recovering ground to clinch three-week highs. The pair cheers risk-on mood-led decline in the US dollar. Treasury yields pullback, as poor US industrial data tempers hawkish Fed’s expectations. Focus on ECB and Fedspeak.

EUR/USD News

GBP/USD: Upside needs validation above the descending trendline near 1.3780

GBP/USD edges higher on Tuesday in the Asian trading hours. The pair faces strong resistance near the 1.3770-1.3780 zone below the bearish slopping line. MACD signals upside momentum with the underlying bullish sentiment.

GBP/USD News

Gold eyes $1,780 amid recent USD weakness

Gold prices lock in some fresh gains above $1,770 amid a recent pullback in the greenback. The US benchmark Treasury yields trade lower at 1.57% with 0.57% losses, which weigh on the greenback.  A lower USD valuation enhances the appeal of the precious metal for the other currencies holders. 

Gold News

Litecoin on the cusp of 26% breakout

Litecoin price is on the penultimate leg of a technical formation that will catalyze a quick bull rally. LTC needs to clear one critical hurdle to kick-start a run-up to levels last seen more than a month ago. Litecoin price has been on a slow but steady uptrend since Oct 13.

Read more

Netflix Stock Price and Forecast: When are NFLX earnings?

Netflix stock falls nearly 1% on Friday ahead of earnings. NFLX releases earnings on Tuesday, October 19, after the close. Netflix stock has been boosted by the success of Squid Game.

Read more

Majors

Cryptocurrencies

Signatures