The sectors that contribute the most to the index are the financial sector, with
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Your interpretation may depend on the type of trader you are and your intended time frame. It is advised that investors new to charting techniques start at the top and make their way through the more complex techniques. Topics covered include patterns and chart formations from trendlines and support and resistance for overall direction. Timing indicators are also discussed from Bollinger Bands , relative strength indicators to candlestick charting.
The information contained in these webpages is for educational purposes only and does not constitute financial product advice. ASX does not represent or warrant that the information is complete or accurate.
You should consider obtaining independent advice before making any financial decisions. The ASX is an indicator that gauges the performance of the Australian stock market and this indicator could be used as a guide by investors that want to understand how the biggest economy in Oceania is performing. The sectors that contribute the most to the index are the financial sector, with It is well known that Australia is a provider of natural resources, including crude oil and gold.
In times of growth, natural resource commodities are often in demand which can benefit the Australian economy. Therefore, this sector plays a huge role in the overall behavior of the index.
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