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Asx200

AU200AUD to continue in the upward move?ASX200 - 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 7800 will confirm the bullish momentum. The measured move target is 7850. We look to Buy at 7750 (stop at 7710) Our profit targets will be 7825 and 7850 Resistance: 7800 / 7825 / 7850 Support: 7750 / 7725 / 7700 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
ASX 200 futures looks set for a bullish breakoutThe SPI 200 shows an established uptrend on the 1-hour chart, with a recent bullish engulfing candle forming a higher low around the 20-bar EMA and closing above a retracement line. The RSI remains above 50 to show positive momentum, and there are no obvious signs of a topping pattern forming on the chart. A break above 7907 assumes bullish continuation and brings the 7936 high into focus, a break above which opens up a run for the all-time high. Bulls could seek dips within the recent bullish engulfing candle whilst prices remain above its low, in anticipation of a break above 7907.
ASX24:AP1!Long
by CityIndex
AU200AUD to form a higher low?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 7800 will confirm the bullish momentum. The measured move target is 7850. We look to Buy at 7760 (stop at 7720) Our profit targets will be 7860 and 7885 Resistance: 7800 / 7835 / 7850 Support: 7775 / 7760 / 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.
OANDA:AU200AUDLong
by OANDA
SPI 200 hints at bullish breakoutPrices have been coiling on the daily chart to form a potential bullish pennant / symmetrical triangle, which hints at further gains. RSI (14) remains over 50 on the daily chart, and volumes were lower during the consolidation to show lack of conviction from bears, sellers stepping in at the cycle highs. The 1-hour chart shows prices retracing lower after RSI (2) reached overbought, alongside a bearish pinbar at the cycle high. We're now looking for price to either hold above the triangle breakout level, or for RSI (2) to reach oversold whilst prices hold above the high-volume node. From here, the bias is for a rise to 7850m or the weekly pivot point just above the high-volume node at 7866.
ASX24:AP1!Long
by CityIndex
ASX to continue in the upward move?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. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7800 will confirm the bullish momentum. We look to Buy at 7750 (stop at 7718) Our profit targets will be 7830 and 7850 Resistance: 7800 / 7825 / 7850 Support: 7775 / 7750 / 7725 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 - the bulls in control for now Everyone is talking about the moves in the FTSE100, but the ASX200 is having a moment - we see solid rate of change, the index is still no where near overbought, and we see 4 days of rising range expansion. Momentum is clearly to the upside, which suggests dips should well supported and shallow - hard to be short on timeframes 4hr+ and favour this higher but a move below the former breakout area of 7723 and I would be more cautious. (Thoughts from Chris Weston)
PEPPERSTONE:AUS200Long
by Pepperstone
ASX dips continue to attract buyers.AU200AUD - 24h expiry Price action looks to be forming a bottom. Short term RSI is moving higher. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7650 will confirm the bullish momentum. We look to Buy at 7600 (stop at 7560) Our profit targets will be 7700 and 7725 Resistance: 7650 / 7675 / 7700 Support: 7625 / 7600 / 7575 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
Lynas Rare Earths (ASX:LYC) - Cautiously Optimistic The Heikin Ashi candlestick pattern suggests a recent trend reversal to the upside, as indicated by a series of green (upward) candles. The chart displays a consolidation pattern within a falling wedge, which has been broken to the upside, hinting at a potential bullish reversal. Exponential Moving Averages (EMAs) show the price is currently above the 20, 50, and 100-day EMAs, a bullish signal. A significant increase in volume accompanies the breakout, reinforcing the strength of the current upward move. The current price is near the upper bound of the falling wedge pattern ($6.60 - $6.50c), which could act as resistance and limit further upward movement. Prices holding above key EMAs, which may now act as support levels with current established support level at ~$6.02c
ASX:LYCLong
by entryspecialist
SPI 200 looks set for lift-off ahead of US PCE dataWe have a huge risk event in the coming hours; US PCE inflation. Should it come in softer than expected, risk is likely to pick up as this is how it has behaved pretty much every time inflation has come in soft. Conversely, a hot inflation report could dent risk - but we suspect not to such a large degree. Fed members have been very vocal about maintaining higher rates, and markets seem more likely to jump on any chance of re-pricing in multiple cuts which could send indices higher. SPI 200 futures (of the ASX 200 cash market) just tapped a record high ahead of the European Open. Given the US dollar is also retracing, it suggests traders are placing last minute bets of a softer inflation report. But the bullish trend structure of the SPI 200 futures chart is hard to ignore. Prices have remained above the bullish trendline despite two intraday spikes below it. And an inverted head and shoulders pattern (bullish continuation during an uptrend) appears to have formed at the record high, which projects an upside target around 7900. The 100% projection of the prior rally lands around 7800.
ASX24:AP1!Long
by CityIndex
ASX200 to find sellers at market price?AU200AUD - 24h expiry The correction higher is assessed as being complete. We expect a reversal in this move. Risk//Reward would be good to call a sell from current levels. A move through 7725 will confirm the bearish momentum. The measured move target is 7625. We look to Sell at 7750 (stop at 7790) Our profit targets will be 7650 and 7625 Resistance: 7750 / 7775 / 7800 Support: 7700 / 7675 / 7625 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
AU200 remains mixed and volatile.ASX200 - 24h expiry Pivot resistance is at 7680. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 7625 will confirm the bearish momentum. The measured move target is 7550. We look to Sell at 7650 (stop at 7686) Our profit targets will be 7560 and 7540 Resistance: 7650 / 7675 / 7700 Support: 7600 / 7565 / 7550 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
Bullish potential and potential breakout detected for SPKLooking at afternoon trade, SPK represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position, considering breach of recent resistance levels aligning with technical indicators of RSI and DMI. Relative strength in the Midcap 50's as well as the communications sector (XTJ) adds further impetus to the trade. Personal stop loss for the trade would be beneath the low of the recent swing on 30-Oct (i.e.: below the low of $4.50), which is also below both of the 10 and 30 day moving averages, and will track the increasing 30 day moving average as the trade continues.
ASX:SPKLong
by Ivory_Wolf
Potential bull flag on ASX futures (SPI 200)The ASX 200 cash market rose for a second day, although the SPI 200 futures closed flat with a potential bullish pinbar on the daily chart. The 1-hour chart also shows a potential bull flag, which projects a target around 7640 (or the Feb 2nd overnight VPOC - volume point of control). For today, bulls could seek pullbacks towards 7580 - 7587 (overnight VPOC) in anticipation of a break higher. Or wait for the break to enter long. Upside targets include 7600, 7614 (cycle high), and 7640 / 100% projection.
ASX24:AP1!Long
by CityIndex
AUS200 – 7632.8 in our sightsWhile the AUS200 revisits the all-time highs set in Aug 2021, the index absorbs a positive mix of sentiment towards global risk, as well as local factors, and many question if this time around we see the illustrious bullish break the bulls are positioned for. While global macro issues remain paramount, one catalyst to look towards is ASX200 1H24 earnings, with Amcor kicking the season into gear (6 Feb) and JBH (due 12 Feb) one that CFD traders will be keen to focus on. CSL (13 Feb) and CBA (14 Feb) report shortly after and both could influence sentiment with their outlooks. The Aussie banks are driving the market from an index points perspective, with materials also finding form. Importantly, we see the ASX200 bank index is flying high at present and until we see the bullish tape in the banks give way, index volatility will remain subdued, and traders will be skewed to buy weakness in the Aussie equity index.
PEPPERSTONE:AUS200Long
by Pepperstone
Is the ASX 200 about to roll over?Looking at the weekly chart, bulls may have something to worry about. The market is yet to even test 7500 let alone break above it, and each time it has tried (and failed) to do so, the ASX has fallen by double digits in percentage terms. A bearish engulfing candle formed in the first week of the year after once again faltering at those cycle highs. And if we're to see even just a 10% drop from the 2024 high it could, the index will find itself back beneath 7000. But if bears really get their way for another -16% drop, the ASX will be back around 6400. What could make that happen? Well, markets have been aggressively pricing in 5 - 7 Fed cuts this year which may not arrive. And if the wheels fall off the global economy to justify said cuts, that could also be bad for the stock market. So bulls may want to ask themselves if they want to be along at these levels, where the market is yet to every trade above it. As we could be in for a deeper pullback at the very least.
CITYINDEX:AUSTRALIA200CFDShort
by CityIndex
ASX - Australian Stock Market Also Points To A Top...Studying the Dow Jones extensively over the years has been enlightening, but unraveling the patterns within the ASX has always presented a unique challenge. Despite their differences, I believe the outcome from this juncture will remarkably mirror each other, signifying an imminent peak. Witnessing charts with distinct patterns eventually converge in their own distinctive way is truly captivating. I consider this observation crucial, offering an alternative perspective on the impending significant decline within a larger Wave E, typically preceding substantial bull markets. While the exact depth of this decline remains uncertain, I'm putting forth this idea to gauge its proximity to the actual outcome. The convergence of Dow Jones and the ASX, both hinting at an impending downturn, is likely to trigger more stimulus, potentially fueling inflation and higher rates in the future. More significantly, it should act as the catalyst for the next crypto bull market.
ASX:XAO
by AriasWave
2
ASX200: Thoughts and AnalysisPattern – Continuation HL Support – 7035 Resistance – 7100 Hi, and thanks for checking out today's update. Today, we are looking at ASX200 on the daily chart. Today's video asks if the ASX200 will confirm a continuation price pattern we are watching develop on the daily price chart. Buyers look okay after holding support and forming a bullish bar in today's session. The worry is the fade we are seeing. If the price fails to hold above yesterday's open, that's also a worry. Other than that, we have the MA pointing up with an LH and a support hold after the new leg higher breakout, all showing buyer support. Let's see if we can see a confirmation bar on Monday if we get a trigger bar today. Good trading.
EIGHTCAP:ASX200Long
by Eightcap