Bearish potential detected for OMLEntry conditions:
(i) lower share price for ASX:OML along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $1.245.
Stop loss for the trade would be:
(i) above the resistance level from the open of 8th October (i.e.: above $1.29), or
(ii) above the resistance level from the open of 6th September (i.e.: below $1.31), depending on risk tolerance.
ASX
Bullish potential detected for MAHEntry conditions:
(i) higher share price for ASX:MAH along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) below the support level from the open of 9th September (i.e.: below $0.315), or
(ii) below the support level from the open of 19th July (i.e.: below $0.295), depending on risk tolerance.
Potential outside week and bearish potential for IPHEntry conditions:
(i) lower share price for ASX:IPH below the level of the potential outside week noted on 4th October.
Stop loss for the trade would be:
(i) above the swing high of 30th September (i.e.: above $6.22), once the trade has activated.
Potential outside week and bullish potential for RSHEntry conditions:
(i) higher share price for ASX:RSH above the level of the potential outside week noted on 4th October (i.e.: above the level of $0.043).
Stop loss for the trade would be:
(i) below the swing low of 1st October (i.e.: below $0.033), should the trade activate.
Potential outside week and bullish potential for RRLEntry conditions:
(i) higher share price for ASX:RRL above the level of the potential outside week noted on 11th October (i.e.: above the level of $2.20).
Stop loss for the trade would be:
(i) below the swing low of 9th October (i.e.: below $2.00), should the trade activate.
Potential outside week and bullish potential for RMSEntry conditions:
(i) higher share price for ASX:RMS above the level of the potential outside week noted on 30th August (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $2.20, as depicted by the blue dotted line and accompanying text on the chart).
Stop loss for the trade would be:
(i) below the swing low of 27th August (i.e.: below $2.02), should the trade activate.
Potential outside week and bullish potential for MKREntry conditions:
(i) higher share price for ASX:MKR above the level of the potential outside week noted on 4th October (i.e.: above the level of $0.043).
Stop loss for the trade would be:
(i) below the swing low of 1st October (i.e.: below $0.029), should the trade activate.
ASX 200 flirts with bearish reversal breakoutElection jitters are in the air, and it is weighing on Wall Street sentiment - and dragging the ASX 200 with it, which also faces pressure from a spate of weak China figures in recent weeks.
A potential head and shoulders top has formed on the daily chart, and prices are close to testing a support zone which could double up as a neckline.
For now, the ASX appears hesitant to break the 8130/50 support zone which brings could prompt a minor bounce over the near term.
A break beneath 8130 confirms the bearish reversal, which projects an approximate downside target near 7900 and the 200-day EMA. Also note the 8100 and 8000 levels which could provide support along the way
MS
AU200 to continue in the downward move?ASX200 - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Momentum is flat, highlighting the lack of clear direction.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 8200 will confirm the bearish momentum.
We look to Sell at 8240 (stop at 8280)
Our profit targets will be 8140 and 8125
Resistance: 8240 / 8250 / 8275
Support: 8200 / 8140 / 8125
Bullish potential detected for VCXEntry conditions:
(i) higher share price for ASX:VCX along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) below the support level from the open of 28th August (i.e.: below $2.16), or
(ii) below the support level from the open of 1st August (i.e.: below $2.11), depending on risk tolerance.
Bearish potential detected for MPLEntry conditions:
(i) lower share price for ASX:MPL along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $3.76.
Stop loss for the trade would be:
(i) above the resistance level from the open of 5th September (i.e.: below $3.91), or
(ii) above the resistance level from the open of 22nd August (i.e.: below $3.99), depending on risk tolerance.
Bullish potential detected for CNIEntry conditions:
(i) higher share price for ASX:CNI along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) below the low of the recent swing low on 12th September following the gap-up (i.e.: below $1.775), or
(ii) below the support level from the open of 26th August (i.e.: below $1.745), depending on risk tolerance.
Potential outside week and bullish potential for DXSEntry conditions:
(i) higher share price for ASX:DXS above the level of the potential outside week noted on 4th October (i.e.: above the level of $7.84).
Stop loss for the trade would be:
(i) below the swing low of 1st October (i.e.: below $7.50), should the trade activate.
ASX to find buyers at the market price?AU200AUD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 8375 will confirm the bullish momentum.
The measured move target is 8425.
We look to Buy at 8320 (stop at 8270)
Our profit targets will be 8440 and 8465
Resistance: 8375 / 8400 / 8425
Support: 8320 / 8300 / 8275
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
ASX to new highs, or fakeout in the making?The ASX 200 futures chart reached a record high on Wednesday, and momentarily traded above 8400. Yet repeatedly we see the market hold above this level (also note the weekly R3 pivot is within the area).
A bearish divergence is forming on the 1-hour chart, so the bias is for a false break of the highs and retracement lower ahead of its next sustained record high.
Bears could seek a move towards the 20-hour or 50-hour EMA, or bulls could wait for such a level to be respected as support before rejoining the bullish trend.
*Take note that AU employment data is released in just over 1hr*
MS
Potential key reversal top detected for GMGLevel of interest: $36.67 area level of interest proved problematic on 22nd July (key support/resistance area to observe).
Stop loss for the trade involving ASX:GMG (and indication that this trade is an absolute 'no-go') is any trade above the high of the signal day of 20th September (i.e.: any trade above $37.12).
Potential outside week and bullish potential for ASLEntry conditions:
(i) higher share price for ASX:ASL above the level of the potential outside week noted on 27th September (i.e.: above the level of $1.265).
Stop loss for the trade would be:
(i) below the swing low of 23rd September (i.e.: below $1.10), should the trade activate.
SiteMinder (ASX: SDR) - Bullish Momentum Towards Buy-Side LiquidAnalysis and Prediction:
In this analysis, we observe how SiteMinder (ASX: SDR) has reacted exceptionally well off the monthly order block (OB), providing a strong impulse to the upside. This bullish move confirms the demand and buying pressure at this level, suggesting that price is poised to continue its upward trajectory.
On the daily chart, we can see that the price has broken structure (BOS) after tapping into a Fair Value Gap (FVG), further validating bullish momentum. The price respected the FVG upon retesting, offering strong confirmation that buyers are in control, and we anticipate a continuation towards the next buy-side liquidity level.
I project SiteMinder to reach a minimum of AU$7.73 as the next buy-side liquidity area. However, after hitting this level, I foresee a potential retracement before resuming its broader upward trend, offering opportunities for both short-term and long-term traders.
Given the confluence of signals—price reacting off the monthly OB, respecting the FVG, and breaking structure—we have solid confirmation of bullish momentum in play. Traders should consider this context when planning their entries and exits, with a focus on price action near key liquidity levels.
Disclaimer: This is not financial advice. Always conduct your own research (DYOR) before making any investment decisions.
Bullish potential detected for RZIEntry conditions:
(i) breach of the upper confines of the Darvas box formation for ASX:RZI - i.e.: above high of $0.45 of 11th September (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $0.425 from 9th September.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 24th September (i.e.: below $0.405).
Potential key reversal bottom detected for EDVLevel of interest: Prior support/resistance level from previous trade at $5.00 even (key support/resistance area to observe).
Stop loss for the trade involving ASX:EDV (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 5th September (i.e.: any trade below $4.92).
Bullish potential detected for SGPEntry conditions:
(i) breach of the upper confines of the Darvas box formation for ASX:SGP - i.e.: above high of $5.10 of 27th August (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $5.05 from 27th August.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 28th August (i.e.: below $4.92).
Potential outside week and bearish potential for TWEEntry conditions:
(i) lower share price for ASX:TWE below the level of the potential outside week noted on 20th September.
Stop loss for the trade would be:
(i) above the swing high of 19th September (i.e.: above $11.56), once the trade has activated.
Potential outside week and bullish potential for MYREntry conditions:
(i) higher share price for ASX:MYR above the level of the potential outside week noted on 6th September (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $0.855, as depicted by the blue dotted line and accompanying text on the chart).
Stop loss for the trade would be:
(i) below the swing low of 4th September (i.e.: below $0.795), should the trade activate.
