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AUS200

GET READY! Aussies may have a problem. Price is struggling below ATR line. Probability south is 55% (45% for the north). How far south if it moves, is another matter. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile, and you lose your money, kindly sue yourself.
FX:AUS200Short
by Captain_Walker
AUSSIES IN TROUBLE - THEY DON'T KNOW IT YET 😨Hardly anyone looks at the Australian 200. It is one of the best indices to short. The Aussies strangely went north at open of their market last night - when the rest of the world's indices were burning down. There is usually a significant lag between the AUS200 and the other indices, which I decided to exploit. This morning 08:30AM 2020-04-01 it's struggling to stay afloat. I suspect it will collapse and follow other indices (south).
FX:AUS200Short
by Captain_Walker
Do we continue the downtrend this week? AUS200Do we continue the bear market this week? Or do we rebound? I can see us dropping to new lows however in this current market anything is possible. My short is currently in a nice profit.. Using a trailing stop loss strategy with this one. We will have to see what the Australian Government can deliver on a stimulus front, money printing is only delaying the inevitable at this current moment.. The $2Trillion stimulus package will have a short-term affect as the cases of COVID-19 continue to go parabolic in the US.. Let me know your thoughts below! Remember to keep your analysis simple! I use a 14EMA and recent S/R zones to base my trading on, I then wait for confirmation candles in either direction to make my moves.. Building my patience has so far been my most challenging factor in trading.. Keep on the alert! -- MNLZ
OANDA:AU200AUDShort
by MinimalFiat
Australia! A Bogans ParadiseHello Traders, Looking at the chart we can see price has been in a well defined channel for the last 10 years. It has taken that long for the price to crawl back up to the previous 2007 top and I mean crawl. From an Elliot Wave perspective these are some unhealthy looking waves with deep retracements each time basically invalidating the EW principle. Either way, you can see some kind of 5 waves impulse pattern. The price reached the previous market top which just so happened to coincide with the top of the channel. The price has tried again to push higher but failed and now looks like a double top and is printing bearish divergence on the RSI. Can they just keep pushing this with QE? I think we all know by now the economy is floating on a debt time bomb. Australia's housing market is one of the biggest bubbles out there which has been fueled through terrible financial practices. I think this economy is going Down Under! Bearish on stralia.
OANDA:AU200AUDShort
by WickHunter
AUSTRALIAN XJO AUS200 INDEX - RIPE FOR SHORTINGThe Australian AUS200 or XJO index (ASX S&P 200 index) is fully valued at its 100% DCF value using 3.5% growth, 8.2% discount rate. The earnings for this index are less than at the top of 2007. Its P/E ratio is overvalued at 18. Australia's construction industry is in rapid decline and also its housing markets. Short term interest rates are in decline as evidence of the decline in business conditions. The index is coming up against a channel line and may turn south soon. The RSI, ROC and MACD are looking like turning down, another sign of a local top. With the US markets looking high, any change in US markets will affect AUS200 index. Look to sell short on any break downwards from here.
FX:AUS200Short
by victorko
1
AUS200 - Bearish pressure persistsFX:AUS200 Trade Idea ASX200 - Intraday - We look to Sell at 6680 (stop at 6700) Afternoon gains were sold into and follow through bearish momentum resulted in the market moving lower. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Previous support located at 6646. We look for a temporary move lower. The reaction lower is negative, however, we view this as an opportunity to set longs in line with the overall bullish move higher. Preferred trade is to sell into rallies. Our profit targets will be 6620 and 6600 Resistance: 6690 / 6700 / 6735 Support: 6640 / 6620 / 6600
FX:AUS200Short
by Signal_Centre