SP500 Elliott Wave Analysis
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13Feb

ASX200: Softening US Dollar Boosts Indices. Banks and Resources Sectors continue to Edge Lower... Feb 14 2023

Peter Mathers |13 Feb, 2023 | 0 Comments | Return|

ASX200: Softening US Dollar Boosts Indices. Banks and Resources Sectors continue to Edge Lower... Feb 14 2023

Softer USD Stronger Indices. Banks and resources edging lower.

The summary mentions that the US dollar is softening while indices are becoming stronger. Banks and resources sectors are seen as lower. The Elliott Wave analysis of the ASX200 suggests that a bullish corrective pattern (b) of 2 is ongoing and not yet completed.
There is no specific strategy mentioned for the ASX200 during this corrective process. Other mentions include CBA, BHP, RIO, FMG, NCM, GDX, PLS, IGO, DXY, AUDUSD Content ASX200, CBA, IRON ORE, BHP, RIO, FMG,GOLD, NCM, GDX, PLS, LTR, DXY, AUDUSD, GOV-BONDS

Video Chapters
00:00 S&P/ASX 200 (XJO)  / USD DXY
13:57 Commonwealth Bank CBA, XXJ
16:00 BHP Group (BHP), Rio Tinto (RIO), Fortescue Metals Group (FMG)
19:48 Lithium Stocks. PLS & IGO
30:42 Newcrest Mining NCM / GOLD XAUUSD GDX
35:13 AUDUSD / US Dollar DXY
38:27 TRIAL Buy 1 Month Get 3 Months

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
Source: tradinglounge com

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