Potential outside week and bullish potential for KAREntry conditions:
(i) higher share price for ASX:KAR above the level of the potential outside week noted on 14th March (i.e.: above the level of $1.595).
Stop loss for the trade would be:
(i) below the low of the outside week on 11th March (i.e.: below $1.465), should the trade activate.
ASX
Potential key reversal bottom detected for JHXAwait signals for entry such as DMI/ADX and/or RSI swing to the bullish direction.
Stop loss for the trade involving ASX:JHX (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 21st March (i.e.: any trade below $45.52).
Potential outside week and bullish potential for GSNEntry conditions:
(i) higher share price for ASX:GSN above the level of the potential outside week noted on 21st February (i.e.: above the level of $0.024).
Stop loss for the trade would be:
(i) below the low of the outside week on 18th February (i.e.: below $0.020), should the trade activate.
Potential key reversal top detected for WBTLevel of interest: Prior support/resistance levels in the past of $3.04 (09-Aug-2022) and $3.75 (12-Dec-2022) (key support/resistance areas to observe).
Await signals for entry such as DMI/ADX and/or RSI swing to the bearish direction, and observe market reaction to support/resistance area at $3.04 to confirm.
Stop loss for the trade involving ASX:WBT (and indication that this trade is an absolute 'no-go') is any trade above the high of the signal day of 2nd January (i.e.: any trade above $3.80).
Potential outside week and bearish potential for GYGEntry conditions:
(i) lower share price for ASX:GYG below the level of the potential outside week noted on 21st February (i.e.: $38.58).
Stop loss for the trade would be:
(i) above the swing high of 19th February (i.e.: above $45.99), should the trade activate.
Bearish potential detected for WHCEntry conditions:
(i) lower share price for ASX:WHC 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 $5.55.
Stop loss for the trade would be, dependent of risk tolerance:
(i) above the resistance level from the open of 21st February (i.e.: above $5.80),
(ii) above the resistance level from the open of 13th January (i.e.: above $5.91), or
(iii) above the resistance level from the open of 30th December (i.e.: above $6.00).
Why the Weak AU Jobs Report Might Not Force the RBA's HandAustralia's employment report for February delivered a surprising set of weak figures. Understandably, markets reacted by pricing in another RBA cut to arrive sooner than later. But if we dig a little deeper, an April or May cut may still not be a given.
Matt Simpson, Market Analyst at City Index and Forex.com
ASX to turnaround?AU200AUD - 24H EXPIRY
Price action has continued to trend strongly lower and has stalled at the previous support near 7750.
Price action looks to be forming a bottom.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 7900 will confirm the bullish momentum.
The measured move target is 8100.
We look to Buy at 7850 (stop at 7750)
Our profit targets will be 8050 and 8100
Resistance: 7900 / 8000 / 8100
Support: 7850 / 7800 / 7750
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.
Potential key reversal bottom detected for NHCAwait signals for entry such as DMI/ADX and/or RSI swing to the bullish direction.
Stop loss for the trade involving ASX:NHC (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 14th March (i.e.: any trade below $3.64).
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 31st January (i.e.: above the level of $2.48).
Stop loss for the trade would be:
(i) below the low of the outside week on 28th January (i.e.: below $2.26), should the trade activate.
Bearish potential detected for CWYEntry conditions:
(i) lower share price for ASX:CWY 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 $2.55.
Stop loss for the trade would be:
(i) above the resistance level from the open of 7th January (i.e.: above $2.64).
Potential outside week and bullish potential for ADTEntry conditions:
(i) higher share price for ASX:ADT above the level of the potential outside week noted on 21st February (i.e.: above the level of $4.41).
Stop loss for the trade would be:
(i) below the low of the outside week on 19th February (i.e.: below $3.97), should the trade activate.
ASX to find buyers at market price?AU200AUD - 24H expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 8150.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move through 8250 will confirm the bullish momentum.
The measured move target is 8300.
We look to Buy at 8175 (stop at 8125)
Our profit targets will be 8275 and 8300
Resistance: 8250 / 8275 / 8300
Support: 8200 / 8175 / 8150
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.
Potential outside week and bullish potential for OCCEntry conditions:
(i) higher share price for ASX:OCC above the level of the potential outside week noted on 23rd January (i.e.: above the level of $1.635).
Stop loss for the trade would be:
(i) below the low of the outside week on 20th January (i.e.: below $1.27), should the trade activate.
Bullish potential detected for QUBEntry conditions:
(i) breach of the upper confines of the Darvas box formation for ASX:QUB
- i.e.: above high of $4.04 of 28th November (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $4.00 from 25th November.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 13th December (i.e.: below $3.80).
Potential outside week and bullish potential for OPTEntry conditions:
(i) higher share price for ASX:OPT above the level of the potential outside week noted on 17th January (i.e.: above the level of $0.85).
Stop loss for the trade would be:
(i) below the low of the outside week on 13th/16th January (i.e.: below $0.725), should the trade activate.
Potential outside week and bullish potential for AMIEntry conditions:
(i) higher share price for ASX:AMI above the level of the potential outside week noted on 30th/31st January (i.e.: above the level of $0.20).
Stop loss for the trade would be:
(i) below the low of the outside week on 29th January (i.e.: below $0.17), should the trade activate.
FFM Targeting 1.5??Hi dear trading lovers and FFM buyers...
PLEASE NOTE THAT THIS IS ONLY AN ANALYSIS AND COULD BE WRONG...
Chart and lines are explaining my idea...
SEEMS FFM is in a uptrend targeting 1.5 and finally 1.7...
Also note that:
"Macquarie has initiated coverage of FireFly Metals with an Outperform rating and set a price target of A$1.50"
ASX 200 futures (SPI 200) stablising around 8200The ASX 200 futures market has fallen close to 5% from its all-time high, with 5 of the 7 candles since the top being bearish. However, the daily RSI (2) reached oversold on Friday, a bullish pinbar formed on Monday and a small bullish divergence is now forming on the daily and 1-hour chart. The pinbar low also found support at a weekly VPOC (volume point of control) and weekly S1 pivot.
Given the selloff came in a relatively straight line, I cannot help but suspect at least a minor bounce is due.
The near-term bias remains bullish while prices hold above last week’s low, and bulls could seek dips towards 8200 / 8191 VPOC area. 8300 and the weekly pivot point at 8345 could make viable upside targets for bulls.
Bullish potential detected for AIZEntry conditions:
(i) higher share price for ASX:AIZ 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 29th November (i.e.: below $0.51), or
(ii) below the support level from the open of 7th November (i.e.: below $0.49), depending on risk tolerance.
Potential outside week and bullish potential for HLIEntry conditions:
(i) higher share price for ASX:HLI above the level of the potential outside week noted on 17th January (i.e.: above the level of $4.65).
Stop loss for the trade would be:
(i) below the low of the outside week on 13th January (i.e.: below $4.44), should the trade activate.
ASX intraday dips continues to attract buyers.AU200AUD - 24h expiry
Trend line support is located at 8500.
Further upside is expected although we prefer to buy into dips close to the 8500 level.
A move through 8550 will confirm the bullish momentum.
The measured move target is 8675.
Short term RSI has turned positive.
We look to Buy at 8500 (stop at 8440)
Our profit targets will be 8660 and 8675
Resistance: 8550 / 8600 / 8675
Support: 8525 / 8500 / 8450
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.
Bearish potential detected for IREEntry conditions:
(i) lower share price for ASX:IRE 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 $9.03.
Stop loss for the trade would be:
(i) above the resistance level from the open of 9th September (i.e.: above $9.36), or
(ii) above the resistance level from the open of 21st August (i.e.: above $9.65), depending on risk tolerance.