AUS200 OR ASX200 continue bullish. AUS200 update. if you see a strong pullback in 5-15 minutes, 2 red candles continue and get out of the long position. Otherwise, targets 2 and 3 continue.
XJO trade ideas
ASX200 recovery under review With two weeks left in August, the ASX200 is down 1.50% MTD after being down a hefty 5.7%.
The ASX200’s rebound from the 7600/7500 support area which includes the 200 day ma highlights its importance as the downside level to watch going forward. While the focus has switched to the topside, a retest of the 7600/7500 support area before year end is a strong possibility with an eye on the seasonally challenging month of September.
ASX futures closed 14 points (-0.18%) lower on Saturday morning at 7898, indicating the ASX200 cash will open lower at 7965.
AUS200 - In Bullish Trend (Multi Time Frame Analysis)This index is bullish on a daily time frame and a resistance and support level are drawn (purple rectangle). The bullish trend is also denoted by a purple trend line. There was a divergence on 1D time frame which resulted in a downward trend for few days but after that it again got back in bullish trend. On hourly chart there was a bullish diversion which reversed the trend back to bullish which can been seen from daily time frame. A trend line is also drawn on an hourly chart along with an ABCD bearish reversal harmonic. Currently there is no divergence on a hourly chart but there is one on 15m that would result in a form of correction in the trend on hourly chart. I have placed my order of Buy Stop on 15m time frame because the probability is high for an upward trend till it test the 1D resistance level.
The Signal is:
EP: 7966.60
SL: 7916.80
TP: 8016.40
RR: 0.25%
Strong Bullish Outlook Amid Potential 1W Support RetestHello Everyone,
We’ve reached our previous target of 8123 for AUS200, and the price is once again testing the lows, preparing for another upward push. However, there’s currently a strong likelihood that the price may retest the 1-week support structure. Despite this, our long-term outlook remains strongly bullish!
TradeWithTheTrend3344
Domino Effect -Australia's Exposure to a Sino-Taiwanese ConflictA potential armed conflict in the Taiwan Strait poses significant geopolitical risks with profound economic implications for Australia. As a key member of the Five Eyes intelligence alliance, Australia’s strategic interests are deeply intertwined with regional stability. The potential impact of such a conflict on the Australian economy.
Economic Impact Assessment
A Sino-Taiwanese conflict would likely trigger severe economic disruptions for Australia. The nation's reliance on China as a primary trading partner, particularly in the mining and agricultural sectors, would exacerbate the negative impacts. Key sectors and their potential implications are outlined below:
Mining: As a dominant contributor to Australia's GDP and a significant component of the S&P/ASX 200, the mining sector would face substantial challenges. Disruptions to iron ore and coal exports to China would negatively impact major mining companies such as BHP Group and Rio Tinto, collectively representing approximately 5% of the index.
Agriculture: Given China's status as a key market for Australian agricultural products, the sector would experience significant revenue losses. This would affect companies involved in grain, meat, and dairy production, although their overall weight in the S&P/ASX 200 is relatively smaller.
Tourism: The tourism industry, still recovering from the COVID-19 pandemic, would face renewed challenges due to decreased international travel. Qantas Airways, a prominent component of the S&P/ASX 200, would be directly affected by declining passenger numbers.
Financial Services: The broader financial system would likely experience increased volatility, credit rating downgrades, and elevated insurance claims. Australia's major banks, including Commonwealth Bank, Westpac, and ANZ, which collectively hold substantial weight in the S&P/ASX 200, would be exposed to these risks.
Implications for the S&P/ASX 200
The S&P/ASX 200, as a market-capitalization-weighted index, would undoubtedly reflect the economic challenges posed by a Sino-Taiwanese conflict. Given the significant weightings of mining and financial services in the index, a sharp decline is highly probable. The severity and duration of the market downturn would depend on the scale and duration of the conflict.
Historical Precedent
While direct comparisons are limited due to evolving economic structures and geopolitical contexts, historical data from World War II and the Korean War provide valuable insights. Both periods were characterized by significant market volatility, with sharp declines followed by varying recovery periods.
Conclusion
A Sino-Taiwanese conflict presents substantial economic risks for Australia, with the S&P/ASX 200 serving as a barometer of these challenges. The potential impact on the Australian economy and financial markets underscores the importance of robust risk management strategies and contingency planning.
AUS200 in Bullish TrendI have been monitoring this index for quite a while. It made a bearish flag on an hourly chart. There was a bullish divergence which propelled the chart to get bullish which resulted in the formation of a bearish flag. I was waiting for a breakout of a bearish flag to put a short trade for the index but the breakout turned out to be a false one. The trend is bullish now and I have marked a key support level. I have now placed a pending order of Buy Limit by using FIB. No divergence is noted on the current trend.
The Signal is:
EP: 7828.22
SL: 7765.61
TP: 7890.83
RR: 0.5%
AUS200 ANALYSIS AUS200 has formed a sweep of the previous high and then change of Character waiting for the retest of the the failed order block which will be my entry.
AUS----200-------Bearish there are series of lower low and low high and before there is bearish divergence and trend is retest the support becomes resistance
Cypher to Break Aussie FlagASX200 is in a Bullish Flag configuration, as this equity index (as with many others) is in
a corrective mode.
Within this pattern, a Harmonic may also be in the making. Specifically, a Cypher Pattern with
a 1.41 extension.
Keeping a watch on this index for a move towards 7825-7850.
In a larger scheme, this move is simply a retest of a HTF breakout.
If price holds above 8000 , it would be a bullish sign.
Below 7800, and its back into the Rectangular consolidation.
AUS2001) Range breakout
2) Aus200 Printing HH and HL
Move your Stop Loss to the Entry Point when TP 1 get hit.
Is it over for AUS200 bulls? The Australian Stock Market Index ended last week with a powerful breakout from a 107-day-old triangle pattern. Despite corrections this pattern remains valid as long as the index stays above the breakout candle low of 7795. Between 7902 and 7795, traders are likely to seek buying opportunities on dips, aiming for the pattern target of 8197.
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XJO (ASX200): 19 JUL, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation).
Forecast: Bullish
Position: Fourth Wave
Wave (iii)-orange is opening up to push higher, it is subdividing into wave iv-gray. The fourth wave will push down a bit and soon expire, then the gray v-wave will return to continue pushing higher.
Invalidation point: 7,819.0
Aussie Flag BreakoutThe ASX 200 on the intraday chart has formed a Pole and Flag Pattern. It appears there maybe a breakout to the upside.
The long trade is on chart
1. Enter - at breakout of 8050
2. Stop - if this is a valid breakout, then 1/3 the flag consolidation should be sufficient.
3. Target - Either a measured move or the D point
RR = 3+
AUS---200-----Bullishthere is no divergence in H4 when see round shape make a entry and there is break of resistance
AUS200-----Bearishthere is price rejection at resistance with divergence also there is cross of 20ema with 50 ema
ASX rally to stall at market price?ASX200 - 24h expiry
Indecisive price action has resulted in sideways congestion on the daily chart.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 7770 will confirm the bearish momentum.
The measured move target is 7725.
We look to Sell at 7800 (stop at 7832)
Our profit targets will be 7720 and 7700
Resistance: 7775 / 7800 / 7825
Support: 7750 / 7735 / 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.
ASX AUD- Long Set UpLooks like reversal on 1H TF. Have my buy stop / entry at 7762.
Entry - 7762
Stoploss - 7672.5
TP-1 - 7852.2
TP-2 - 7942.8
#Trading #Technical #Crypto #Stocks #commodities
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.
AUS200 RISING IN THE SHORT-TERMIn the short term as we can see my prediction, the price is rising up on the australian index, the possible rise is 7,894 with confluence on second impulse and 161% fibonacci level
AU Weekly Idea 5.28.24My Usual Setup that I didn't publish... still has some interesting levels to play out.
AU200AUD short term RSI has turned positive.ASX200 - 24h expiry
The correction lower is assessed as being complete.
Short term RSI has turned positive.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 7825 will confirm the bullish momentum.
We look to Buy at 7775 (stop at 7735)
Our profit targets will be 7875 and 7895
Resistance: 7825 / 7850 / 7875
Support: 7800 / 7775 / 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.
