Is Australian Prem technically bullish or bearish?

Aug 11 2025 08:06 AM IST
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As of 8 August 2025, the trend is mildly bullish with daily moving averages supporting this view, but caution is advised due to mixed signals from weekly MACD and Dow Theory indicating underlying bearish pressures.
As of 8 August 2025, the technical trend has changed from sideways to mildly bullish. The current stance is mildly bullish, supported by daily moving averages indicating a bullish trend. However, the weekly MACD and Dow Theory are mildly bearish, which suggests some caution. The Bollinger Bands on the weekly timeframe are mildly bullish, while the KST is bullish, adding to the positive sentiment. Overall, the mixed signals indicate a mildly bullish outlook, but with underlying bearish pressures in some indicators.
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