
USDCAD 5-Wave Impulse To Complete Triple Zigzag
The USDCAD currency pair forms a primary wave Ⓩ which is part of a global [...]
US Markets enjoyed some renewed buying enthusiasm due to earnings beats by some of the heavy weights like Coca Cola and General Motors but short term traders will be eyeing off the markets sitting right on a key resistance and well and truly in overbought territory. The Aussie 200 Index enjoyed a modest gain on open but quickly moved into the red, despite the Westpac consumer confidence sentiment showing a rise of 8 per cent. Gold is currently stuck on support around $1,235 per ounce and the Aussie Dollar is little changed at 0.7765.
How did the Aussie market perform today?
S&P/ASX200 lost 31.5 points or -0.55% on volume of $4.63 billion, closing at 5769.1.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
7% of stocks are showing oversold levels, 39% are showing overbought levels and 66% of stocks are currently above their long term moving average as of close of trading today. View the image below to better understand overbought and oversold levels.
S&P/ASX 200 Gainers and Losers
Top 5 gainers:
Top 5 Losers:
Please note that these are our initial impressions and that it is important to read all disclaimers on this website when considering the information. If you would like to discuss further please contact:
Ashley Jessen
Director of Communications
Email: ashley_jessen@invast.com.au
Phone: 02 8036 7567
Wednesday, 11 Feb, 2015 / 6:34
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