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Asx200

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.
OANDA:AU200AUDLong
by OANDA
ASX200 outlook ahead of RBA Rate Decision The ASX200 (AUS200) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a corrective pullback. towards the previous consolidation price range and also the rising support trendline zone. The key trading level is at the 8490 level, the previous consolidation price range, and also rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 8490 level could target the upside resistance at 8570 followed by the 8620 and 8650 levels over the longer timeframe. Alternatively, a confirmed loss of the 8490support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 8450 support level followed by 8420. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:AUS200
by TradeNation
ASX200 (AUS200) uptrend continuation retest 8460 level?The ASX200 (AUS200) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a corrective pullback. towards the previous consolidation price range and also the rising support trendline zone. The key trading level is at the 8460 level, the previous consolidation price range, and also rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 8460 level could target the upside resistance at 8570 followed by the 8620 and 8650 levels over the longer timeframe. Alternatively, a confirmed loss of the 8460support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 8400 support level followed by 8376. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:AUS200
by TradeNation
ASX200 H4 | Bullish uptrend to continue?ASX200 (AUS200) is falling towards a swing-low support that intersects with an ascending trendline and could potentially bounce off this level to climb higher. Buy entry is at 8,465.34 which is a swing-low support that intersects with an ascending trendline and aligns with the 50.0% Fibonacci retracement level. Stop loss is at 8,410.00 which is a level that lies underneath a swing-low support. Take profit is at 8,569.74 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:AUS200Long
by FXCM
ASX 200: Why I'm not banking on [an immediate] record highThe ASX 200 cash market is tantalisingly close to retesting its record high set in December. Traders are betting on an RBA cut in February (and 100bp of cuts this year) which is helping to support the market. Yet I doubt the ASX will simply break to a new high without a fresh catalyst. Comparing the ASX 200 cash and futures market and their key levels, I explain why. Matt Simpson, Market Analyst at City Index and Forex.com
ASX24:AP1!
by CityIndex
3
Is ASX 200 waiting for a catalyst?Looking at the technical picture of the MARKETSCOM:AUS200 Cash index, we can see that the price remains on an uptrend, while balancing above a medium-term tentative upside support line taken from the lowest point of August 2024. Despite seeing a relatively strong correction lower throughout the whole of December, the index remains resilient to downside pressure. That said, in the short-run, at the time of writing, MARKETSCOM:AUS200 is struggling to break above a key resistance area, around the 8370 barrier. In order to shift our attention to some higher areas, a break above that key resistance area would be needed. That’s when we may see some more bulls entering the field. If such a move occurs, we might start aiming for the current highest zone, near the 8522 hurdle. For the downside scenario, we will take a more conservative approach and wait for a break below the previously mentioned upside line. Additionally, a drop below the current lowest point of January, at around 8131 area may invite more bears into the market, potentially opening the door for a move towards the 200-day EMA and the psychological 8000 mark. If that hurdle is unable to withstand the pressure from the sellers, further declines might be possible. RISK DISCLAIMER 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:AUS200
by Marketscom
2
ASX futures tease bearish with a potential swing highSanta's rally put in a poor performance this year. ASX futures sold off into Christmas before the 200-day SMA and 8000 handle came before the market eked out a weak comeback into the new year. Yet price action on the daily chart suggests we could be approaching a swing high. It appears we're in a third wave higher from 8000, yet momentum lacks the legs of the initial bounce to suggest an ABC correction could be nearing an end. The 50-day SMA has so far capped today's rally and could leave a bearish pinbar should it close the day around current levels. A multi-week bearish divergence has formed on the RSI (14) and the daily RSI (2) is approaching overbought. The bias is to fade into moves towards the 50-day SMA and target the November low. But if appetite for risk truly sours, we could see prices break beneath the 200-day SMA and 8000 level and head for the lower trendline of the rising channel. MS
ASX24:AP1!Short
by CityIndex
Why on Earth anyone invests in the Australian Shares? (SPX)The last 16 years. The US S&P 500 index (in red) Vs the Australian All Ordinaries index. The US broad market index up by 607%, the Australian index up by 58%. The US S&P 500 index is a broad measure of the top 500 companies in the US, and the All Ordinaries likewise from the largest 500 companies listed in Australia. The US represents about 25% of Global GDP Vs Australia at 1.6%. The US S&P500 index companies also earn about 40% of their earnings from outside America (due to their Global reach). Their companies also lead in tech, banking, defense etc. Why does anyone invest solely in the Australian share markets? The Australian index is very narrowly weighted to the big 4 banks (mostly leveraged on Australian residential real estate), and the large miners (leveraged on the commodity cycle). Both very narrow, non-diversified risky strategies, and clearly over the long term a crap investment compared to the breath of risk and performance outcomes of the US multinational giants of expansion and leading edge innovation.
INDEX:AORDLong
by platinum_growth
ASX dragged lower by the DowThe Dow Jones futures market fell for an 8th consecutive day on Monday, a bearish sequence not seen in over 12 years. And that's not good news for ASX 200 bulls, as the index tends to track the Dow very closely. The daily chart looks like it wants to head to 8200, and it just 1 - 2 bearish trading days away from it looking at a typical day's range. The 1-hour trend has favoured bearish swing traders, who could seek to fade into moves towards the 20-50 hour EMAs.
ASX24:AP1!Short
by CityIndex
ASX 200 futures look set to bounceThe Nasdaq reached a record high and the S&P 500 is close to reaching its own record high. So while the Dow was lower for a fourth day, 2 out of 3 indices rising could help support the ASX today. It's been over a week since the ASX began retracing from its record high, and with prices now trying to form a base above the monthly pivot point and historical weekly VPOC (volume point of control), I'm now looking for longs. The ASX has opened lower but remains within the overnight range. Assuming prices hold above the spike low, the bias is for a move higher to last week's VAL (value area low) or VPOC.
ASX24:AP1!Long
by CityIndex
ASX 200 H4 | Potential bearish reversalASX 200 (AUS200) could rise towards an overlap resistance and potentially reverse off this level to drop lower. Sell entry is at 8,403.04 which is an overlap resistance. Stop loss is at 8,482.00 which is a level that sits above an overlap resistance. Take profit is at 8,290.26 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:AUS200
by FXCM
1
AU200 forming a top?ASX200 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Expect trading to remain mixed and volatile. We look to Sell at 8500 (stop at 8554) Our profit targets will be 8366 and 8170 Resistance: 8570 / 8820 / 9000 Support: 8440 / 8350 / 8170 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.
OANDA:AU200AUDShort
by OANDA
ASX 200 futures could tease bears at these highsThe ASX 200 futures market has struggled to retest 8500, after a brief and uninspiring spell above it. Overnight gains on Tuesday were seen on low volumes, and Wall Street indices have provided a weak lead today. A bearish divergence has also formed on the daily and 1-hour chart. While prices have rebounded from the weekly pivot point, price action looks corrective. Hence the bias for it being a corrective channel that could break to the downside. If we see prices rise at the open, I am on guard for it being a 'last hurrah", which could make it a suitable market to fade into with a stop above the record high. The weekly pivot (8390), weekly VPOC (8348) and weekly S1 around 8300 make viable downside targets for bears. MS
ASX24:AP1!Short
by CityIndex