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S&P/ASX 200 IndexS&P/ASX 200 IndexS&P/ASX 200 Index

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XJO trade ideas

ASX has extended and looking to test into resistanceLike a lot of major Indexes in Europe and the US, the ASX has extended higher into the end of the month and quarter. Expecting that there has been a lot of window dressing pumping the share markets higher so watching now for an opportunity to fade the strength for a move down. The setup will be key as shorts have been squeezed out numerous times and I will have to be nimble if the setup plays out and then looks to fail for another short squeeze. At this stage I am only on the hunt for the entry setup!!
ASX:XJOShort
by TradeTheStructure
Breakout in Australia 200 Index, Target at 8000Trend Analysis The main view of this trade idea is on the Daily Chart. After declining approximately 12% over the last two week, the Australia 200 index began a symmetrical triangle setup pattern. The resistance trend line was calculated with the lower highs of 7660 and 7345 while the support trend line was calculated with the higher lows of 6750 and 6915. It appears that the Index has broken out of this setup and it is expected that it will rally towards the 8000 price level. A negation of this view will be observed if the Australia 200 Index falls below 7150. Technical Indicators The technical indicators support the view of a breakout in the Index. There has been a positive crossover on the 50-Simple Moving Average. The Supertrend is also in a buy zone after the Australia 200 Index closed above 7072 on March 9th. The Awesome Oscillator is above 0 and green while the RSI is off the oversold levels. Indeed the RSI was a bit range bound over the last couple of weeks and quite recently broke above that range, signaling a move higher for the Index. The intra-day trend following indicators of the Australia 200 Index also display uptrends in the 15-Min, 2-Hour and 4-Hour Time frames. Recommendation The recommendation will be to go long at market, with a stop loss at 7150 and a target of 8000. This produces a risk/reward ratio of 2.87. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing, I have exposure to the Australia 200 Index.
OANDA:AU200AUDLong
by Ceddy86
AUS200 : FUNDAMENTAL ANALYSIS + LONG FORECAST | LONG SETUPAustralia stocks were higher after the close on Thursday, as gains in the IT, Consumer Discretionary and Financials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 1.10%. The best performers of the session on the S&P/ASX 200 were Flight Centre Ltd (ASX:FLT), which rose 6.61% or 1.17 points to trade at 18.87 at the close. Meanwhile, Webjet Ltd (ASX:WEB) added 5.83% or 0.31 points to end at 5.63 and Qantas Airways Ltd (ASX:QAN) was up 5.79% or 0.27 points to 4.93 in late trade. The worst performers of the session were Nickel Mines Ltd (ASX:NIC), which fell 13.17% or 0.19 points to trade at 1.22 at the close. Rio Tinto Ltd (ASX:RIO) declined 7.73% or 9.27 points to end at 110.61 and Beach Energy Ltd (ASX:BPT) was down 5.90% or 0.10 points to 1.60. Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 857 to 547 and 380 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 1.91% to 17.12. Gold Futures for April delivery was down 0.14% or 2.70 to $1,985.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 2.37% or 2.58 to hit $111.28 a barrel, while the May Brent oil contract rose 3.51% or 3.90 to trade at $115.04 a barrel.
FXOPEN:AUS200Long
by INDEX_INSIDERS
AU200 Bearish Reversal Price Action, watch for sell Hello traders Most of the indices are looking pretty bearish across the board. Here for the ASX, after the bearish impulse phase down, price had formed into an ascending channel reversal, and a "M" structure at the top. These are good sign of bearish development, that could continue the bearish trend. Last Friday we also see price commit to the downside more with impulse move, now we can wait for continuation to confirm more downside to the next lows. Higher time frame: Thank you
OANDA:AU200AUDShort
by jojofang0901
12
XJO on ASX has confirmation of upward movementThe RSI7 has now gone above the 30 line and the Stochastic39 has gone above the 27 line (127 on chart) and the EMA21 has confirmed by turning up making the upward movement of the XJO index strong. The larger caps will be the main participants in this initial phase because they dominate the index. Looking at the XJO heatmap, year to date, shows a good peppering of green and a good showing of grey meaning neutral/transition. The reds are retreating from view.
ASX:XJOLong
by Katandra