The Australian share market edged higher in the Friday session after a broad rally on Wall Street on Thursday helped lift investors’ confidence while waiting for the U.S. jobs report (Non-Farm Payrolls). At the closing… Read More
The Australian Dollar bearish sentiment holds for the fourth consecutive day after Wednesday’s bruising session for the bulls has kept the initial focus on 0.7060. Reassess from there. Based on the technical assessment, failing to… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil choppy price action, has posted a daily Japanese hammer candlestick. This, in terms, is a bullish signal that awaits confirmation. A close above the… Read More
The precious yellow metal heads closer to the $1,757-64 objective after the recent three rejections from topside resistance at $1,815 has left the bulls bruised. Earlier this week, U.S. Federal Reserve Chairman Jerome Powell said… Read More
Bitcoin, the world’s largest cryptocurrency by market value, continues to hold to familiar levels even though the technical assessment has buckled slightly due to the lacklustre price action. Having climbed roughly +1% since the New… Read More
Australian shares are poised to edge higher on Friday as U.S. stock benchmarks on Wall Street rallied on Thursday, giving the S&P 500 its best day in seven weeks as the market recouped some of… Read More
The Australian sharemarket followed Wall Street’s down the ‘bearish’ bumpy road after the first case of the Omicron COVID-19 variant was confirmed in the United States. At the closing bell, the benchmark S&P/ASX 200 index… Read More
Technical outlook – We touched upon this stock last year in April when the Japanese Candlestick posted an “Inverted Hammer” from the $0.10-15 area, which indicated a potential target of $0.50-55. With the designated target… Read More
Technical outlook – Approaching this share from a technical perspective, we can assess back in March 2020, Ecofibre Limited (EOF) established a potential base from the $1.20-30 region, which has now, potentially, risen to $1.50-70,… Read More
Technical outlook – Examining the technical structure Cann Group Limited (CAN), we have noticed that there are many positive takeaways from the broader technical pattern (monthly) or more to the point the primary assessment. Based… Read More
Technical Outlook – The weak price action over the past three months is now slowly heading back to the bullish foundations, which was viewed as a rejection in March 2020 from $0.40. It is assessed… Read More
Technical outlook – Technical analysis may appear complicated on the surface, but it boils down to an analysis of supply and demand in the market to determine where the price trend is headed. In this… Read More
Technical outlook – Examining the technical structure Cann Group Limited (CAN), we have noticed that there are many positive takeaways from the technical pattern. Based on the leading indicators, the Moving Average Convergence Divergence (MACD)… Read More
