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 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.