ASX to see a limited rally?ASX200 - 24h expiry - We look to Sell at 7160 (stop at 7210)
We are trading at overbought extremes.
This is negative for sentiment and the downtrend has potential to return.
The hourly chart technicals suggests further upside before the downtrend returns.
The 200 day moving average should provide resistance at 7175.
Preferred trade is to sell into rallies.
Our profit targets will be 7020 and 6980
Resistance: 7145 / 7320 / 7600
Support: 7000 / 6860 / 6660
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.
Asx200
Why we should review price action to see if History will RepeatStudying price action and reviewing should be a key part to everyones trading and will improve overall results. Many Stocks, Currency pairs, Commodities or Indexes have differing nuances and characteristics with regards to Price Action so it is worth doing the homework before entering a trade. Even though they all trade around a similar Price Action Framework, quickly looking for small repeating patterns can greatly improve the probability and conviction and help your trades in the long run.
This short video looks EQR.asx which is a share listed on the ASX. By reviewing the previous price action, we can see that the current setup is so far following the same path as a previous big winner....I will be watching to see if history does repeat!!
Hope you enjoy
ASX crucial support continues to hold back bears.ASX200 - 24h expiry - We look to Buy at 6910 (stop at 6860)
We are trading at overbought extremes.
A lower correction is expected.
Short term bias is mildly bullish.
The trend of higher lows is located at 6881.
Preferred trade is to buy on dips.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 7050 and 7145
Resistance: 7145 / 7320 / 7600
Support: 6860 / 6660 / 6405
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.
Key Levels and US Market Review for the Asian session open 28/03European markets bounced back to finish higher and provide a stronger start to the US session. The US was mixed with the DOW higher while Tech was lower as traders now re-focus on inflation and higher interest rates. This can be seen through support into the USD and higher US Bond yields. As the banking crisis takes a backseat in the news, I expect traders will again be dealing with the prospects of further rate rises and may punish risk assets.
Asian markets are expected to open slightly stronger with the ASX200 and Nikkei to open up while the Hang Seng may open flat and find further selling pressure after yesterdays choppy trading day.
I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed with the lingering concerns for the banking sector.
A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Hopes for a accurate trend predictiontest this stuff again 17/03 /2023
hoping for green
but orange would be a more likely wave form
S&P/ASX200 Will be crashHello we are part of a new community called lucky trading club in tradingview so let's begin our first analysis.
Asx200 will be crash, we have a eqh on 7600 with a lot of liquidity it was already taken last friday, also we have an harmonic pattern in the range of 7500-7650.
This is asx200 ATH when all institution begin to sell gradually, inflation still growing is the worst australian inflation in 33 years, rba will continue raising interest rates 50bps at 7 February.
In ressume a lot of confluences to take this short position.
Type of trade: Swing.
Entry: 7580-7650
Our targets
Target 1: 7450
Target 2: 7300
Target 3: 7000
Target 4: 6850
Max x20
Key Levels and US Market Review for the Asian session open 16/03A review of the price action from the European session and the US session.
European markets were hammered lower on the back of concerns for Credit Suisse and the broader banking sector. The DAX and UK100 were hit hard while the key US indexes held up well considering the fear in Europe. I expect that there may be some catchup from the US if things get worse and more comes to light as analysts take a deeper look at other banks.
I continue to be of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control....this all points to more 'risk off' into major share markets.
I look at some key levels to watch and the price action setups I expect to see play out on the major markets below.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Key Levels and US Market Review for the Asian session open 10/03A review of the price action from the European session and the US session. Major indexes again took a big hit lower in a risk off move ahead of the Key US data release on employment. Investors feel it is hard to take up the slack of higher prices when labour market is at capacity and the consumer becomes more reluctant to spend. Inflation and rate rise expectations kept the major indexes under pressure. The USD edged lower while US short term bond prices moved higher.
I remain of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control....this all points to more 'risk off' into major share markets.
I look at some key levels to watch and the price action setups I expect to see play out on the major markets below.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Key Levels and US Market Review for the Asian session open 9/03A review of the price action from the European session and the US session. Major indexes were generally range bound to mildly higher. Inflation and rate rise expectations kept the major indexes under pressure with the focus now on the major US employment data release. The USD held onto the recent gains while US bonds held onto the recent lows.
I remain of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control.
I look at some key levels to watch and the price action setups I expect to see play out on the major markets below.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
ASX to stall at current swing high?ASX200 - 24h expiry - We look to Sell at 7373 (stop at 7409)
Buying pressure from 7264 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 7380 level.
Our profit targets will be 7283 and 7263
Resistance: 7320 / 7600 / 7870
Support: 7145 / 7000 / 6860
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.
easyMarkets ASX 200 Daily - Quick Technical OverviewLooking at the technical picture of the Australian index ASX 200, we can see that from around the beginning of February, the index has been trading inside a falling wedge pattern, which could be classed as a bullish indication, especially if the upper side of that pattern gets violated. Today we saw that violation and the index made a strong move to the upside. In addition to all that, the price remains above a medium-term tentative upside support line taken from the low of October 3rd. Although the near-term outlook seems to be more positive then negative, we would still prefer to wait for another push above the 7260 barrier and the 50-day EMA, just to get a bit more comfortable with higher areas.
Alternatively, to shift our view towards lower areas, a break of the aforementioned upside line and a drop below the 7110 territory would be required. Such a move would not only break the current medium-term trend but also would confirm a forthcoming lower low. That's when we would get comfortable with examining lower levels.
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Key Levels and US Market Review for the Asian session open 3/03A review of the price action from the European session and US sessions which gave us some choppy price action but generally bullish from a weak open both in Europe and the US. To me, markets remain under pressure but bulls continue to provide support on pullbacks. There is no fear driven selloff which shows that bargain hunters still believe in a longer term move up. I look at some key levels to watch and the price action setups I expect to see play out.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
easyMarkets ASX 200 (Australia) Daily - Quick Technical OverviewIn the short-run, ASX 200 may continue drifting lower, while trading within a falling wedge pattern. Although this pattern tends to be a bullish indication, as long as the boundaries of that barrier are respected, the slide may continue. But, don't forget that...
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ASX 200 close to a swing low?The ASX 200 had a great start to the year, but has since seen prices pull back from tis YTD highs. Yet is we zoom out, the daily trend remains bullish overall, and prices during the recent decline appear to be corrective.
It's pullback has also found support around a cluster of support levels including the 38.2% Fibonacci retracement, 50-dy EMA, monthly pivot point and 7300 round number. And as RSI recently reached oversold and has since formed a bullish divergence with price, we see the potential for a rally towards 7500.
As US traders are set to return to their desks after the 3-day weekend, there is a reasonable chance of an 'up day' which could spill over to a positive start for the ASX tomorrow. Therefore, we're happy to enter the ASX long ahead of the close with a stop beneath this week's low, and initially target 7500.
Key Levels and Market overview into the Asian session openA look at the price action from the European and US sessions and what that may mean for the Asian session open after some stronger than expected US CPI data showing 'sticky inflation'. I look at some key levels to watch and the price action setups I expect to play out.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
BetaAUS200 showing a strong buy signal to 143.00 but first...BETAAUS200
Formed a W Formation. We still need a strong break above the neckline before we see any potential upside.
7>21>200
RSI >50
Target 143.00
Bullish
ABOUT:
BetaAUS200 is a financial term that refers to the beta (a measure of volatility or risk) of the Australian Securities Exchange (ASX) 200 index.
The ASX 200 index is a benchmark index that tracks the performance of the top 200 companies listed on the Australian Stock Exchange, based on market capitalization.
The beta of the ASX 200 index represents the sensitivity of the index's returns to changes in the overall market.
A beta of 1.0 means that the index's returns are perfectly correlated with the overall market.
A beta of > 1.0 shows that the index is more volatile than the market as a whole, and a beta less than 1.0 indicates that
Investors and analysts use beta as a tool to assess the risk of an investment and its potential returns.
A higher beta indicates greater potential for returns, but also greater risk of losses, while a lower beta implies.
In the case of BetaAUS200 asset it will seek to replicate the performance of the ASX 200 index.
I believe this has the aim of providing investors with exposure to the Australian stock market.
When you analyse a beta of such a product, investors can assess its risk relative to the broader market and make more informed investment decisions.
easyMarkets ASX 200 Daily - Quick Technical OverviewDisclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ASX to find buyers at market?ASX200 - 24h expiry - We look to Buy at 7490 (stop at 7455)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
The medium term bias remains bullish.
Preferred trade is to buy on dips.
Further upside is expected although we prefer to buy into dips close to the 7490 level.
Our profit targets will be 7585 and 7870
Resistance: 7590 / 7870 / 8325
Support: 7340 / 7140 / 6980
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.
7 reason why the ASX200 is eyeing all-time highs With the ASX200 testing the ATH's seen in August 2021, the question of what exactly is driving the flows has been asked more liberally by clients - While we can point to macro factors, such as a belief that we're closer to an end in the hiking cycle, USD weakness, and a China re-opening, our analysts look at 7 of the key attractions driving the strong performance of the Aussie share market.
1) The ASX 200 trades on a 14.7x 12-month PE ratio - that's in line with 10yr average, but you get 5% expected EPS growth. Hardly blow the lights out potential returns but compared to other global equity markets, it could be worse!
2) The ASX200 is a 'value' markets and it trades on a 4.4% yield - arguably the highest yielding market in the developed world, and by some way - 47% of ASX200 listed entities have a higher div yield than the Aus 10yr govt bond (3.5%).
3) The ASX200 is leveraged to quality banking institutions who are benefiting from the higher cash rate environment- fine, the demand for credit is falling, but it's not awful at this stage and their asset mix is still of top quality and there are limited concerns around bad and doubtful debts - CBA report on 15 Feb and should highlight a decent lift in NIM, where the market feels strongly they should pay out cash to shareholders, lifting the dividend nearly 20% at FY earnings
4) There are some of the highest quality names in the materials space - for managers who want leverage to China reopening and the bullish dynamics in copper and ferrous (even in AUD), then the ASX200 has it - BHP, RIO and FMG all looking strong, and are now benefiting from a drop in production from Vale
5) Australia has the strongest GDP expected this year of any developed economy - fine, the consensus only expects GDP to average 1.8% in 2023, but that is far higher than the US, UK and EU
6) The ASX200 has excellent exposure to some of the world's highest quality healthcare stocks - CSL, COH are world-class and have been on fire recently
7) There is low leverage to tech - granted, that has seen the ASX200 underperform the NAS100 since mid-Jan, but international managers come to Australia for quality value stocks - they go to the US for high-quality tech/growth
ASX offers good risk/reward at market.ASX200 - 22h expiry - We look to Buy at 7468 (stop at 7411)
The medium term bias remains bullish.
Bespoke support is located at 7468.
This over-extended move shows no sign of slowing.
Preferred trade is to buy on dips.
Our profit targets will be 7588 and 7625
Resistance: 7531 / 7588 / 7620
Support: 7468 / 7447 / 7395
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.