Is Australian Prem technically bullish or bearish?

Jul 20 2025 08:05 AM IST
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As of July 18, 2025, the market trend is mildly bullish, supported by a bullish MACD and moving averages, but tempered by a mildly bearish OBV and neutral RSI, indicating mixed signals and a need for caution.
As of 18 July 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, supported by a bullish MACD on the weekly chart and mildly bullish moving averages on the daily timeframe. The Dow Theory also indicates a mildly bullish outlook on both weekly and monthly charts. However, the On-Balance Volume (OBV) shows a mildly bearish signal on the weekly timeframe, which slightly tempers the overall bullish sentiment. The RSI is neutral with no signals on both weekly and monthly charts, indicating a lack of momentum. Overall, while the indicators suggest a mildly bullish stance, the mixed signals, particularly from OBV, suggest caution.
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