AUS200 is BullishPrice seems to have went down for a necessary retracement, on daily time frame it has retraced to the 0.382 Fib level, which is exactly the point where bulls assumed control of price action in last leg. Moreover, a double bottom formation with a bullish divergence further adds confluence to bullish sentiments. If previous lower high is broken then we can expect the retest of ALTH as per Dow theory. Targets are mentioned on the chart.
AUSTRALIA200CFD trade ideas
AUS200 shortI opened a short position yesterday based on 4H and daily chart.
My reasoning is as follows:
Daily
1) The price broked above the previous high (8525), failed it hold, and dropped and closed below the previous higher high.
2) It moved and closed below the ascending trendline.
3) All momentum indicators are now moving to the downside.
4H
1) The candles consolidated below the ascending treandine and failing to move above the line.
2)The price broked beow Fib 0.238.
3)Both MACD and RSI entered the bear territory.
Entry - 8483
S/L - 8580
Target - 8256
Risk:Reward - 1:2.65
AUS200 - Interest Rate cuts - gives us a positive outcomeHi guys we would be looking into the AUS200!
Fundamentals& Technicals about it !
The S&P/ASX 200 Index (ASX 200) has demonstrated remarkable resilience and growth, reaching new all-time highs in recent months. As of February 12, 2025, the index closed at a record 8,555.80 points, reflecting strong market confidence and surpassing previous records.
NEWS.COM.AU
Several factors have contributed to this upward trajectory:
Robust Corporate Earnings: Major sectors, particularly financials and materials, have reported strong earnings. The financial sector, comprising about 30% of the index, has been bolstered by impressive half-year results from major banks. For instance, Commonwealth Bank reported a better-than-expected half-year profit of $5.1 billion, leading to a 2.4% increase in its share price to a record high of $165.93.
NEWS.COM.AU
Favorable Monetary Policy: The Reserve Bank of Australia's (RBA) recent decision to cut the cash rate by 25 basis points to 4.1% aims to manage inflation, which has been easing faster than anticipated. This move is expected to stimulate economic activity and enhance corporate profitability, providing a conducive environment for equity markets.
Strength in the Mining Sector: Mining companies have significantly contributed to the index's performance. Major players like BHP Group, Rio Tinto, and Fortescue Metals Group have posted gains, driven by strong commodity prices and global demand. The materials sector, accounting for around 20% of the index, continues to benefit from favorable market conditions.
Technological Advancements: The technology sector has also seen notable growth, with companies like Computershare leading gains. Computershare's shares soared by 15.48% after revising its earnings-per-share guidance upwards, reflecting the positive impact of technological innovation and adoption.
In summary, the ASX 200's recent performance reflects a robust and diversified economy, supported by strong corporate earnings, favorable monetary policy, and sectoral strengths. These factors collectively contribute to a positive outlook for the index in the near to medium term.
Entry: 8,500
Target: 8,620 *above the weak resistance level*
SL: 8,450 *sitting around the strong support level*
We are entering with 100 contracts in this trade!
ASX intraday dips continues to attract buyers.AU200AUD - 24h expiry
Trend line support is located at 8500.
Further upside is expected although we prefer to buy into dips close to the 8500 level.
A move through 8550 will confirm the bullish momentum.
The measured move target is 8675.
Short term RSI has turned positive.
We look to Buy at 8500 (stop at 8440)
Our profit targets will be 8660 and 8675
Resistance: 8550 / 8600 / 8675
Support: 8525 / 8500 / 8450
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ASX200 outlook ahead of RBA Rate Decision The ASX200 (AUS200) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a corrective pullback. towards the previous consolidation price range and also the rising support trendline zone.
The key trading level is at the 8490 level, the previous consolidation price range, and also rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 8490 level could target the upside resistance at 8570 followed by the 8620 and 8650 levels over the longer timeframe.
Alternatively, a confirmed loss of the 8490support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 8450 support level followed by 8420.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
ASX200 (AUS200) uptrend continuation retest 8460 level?The ASX200 (AUS200) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a corrective pullback. towards the previous consolidation price range and also the rising support trendline zone.
The key trading level is at the 8460 level, the previous consolidation price range, and also rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 8460 level could target the upside resistance at 8570 followed by the 8620 and 8650 levels over the longer timeframe.
Alternatively, a confirmed loss of the 8460support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 8400 support level followed by 8376.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
AUS200 Wave Analysis – 13 February 2025
- AUS200 broke strong resistance level 8530.00
- Likely to rise to resistance level 8700.00
AUS200 index previously broke the strong resistance level 8530.00, which has been reversing the index from the start of December.
The breakout of the resistance level 8530.00 accelerated the active impulse wave 3 of the higher order impulse wave (3) from the start of this year.
Given the strong daily uptrend, AUS200 index can be expected to rise to the next resistance level 8700.00, which intersects with the daily up channel from December.
ASX 200 Hits New High – Is the Rally Sustainable?The ASX 200 is climbing as Australian earnings exceed expectations and the country appears to be exempt from Trump’s new 25% import tax on aluminum and steel. In this video, we’ll discuss how to trade this, key target levels, and the trend-defining level.
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ASX200 H4 | Bullish uptrend to continue?ASX200 (AUS200) is falling towards a swing-low support that intersects with an ascending trendline and could potentially bounce off this level to climb higher.
Buy entry is at 8,465.34 which is a swing-low support that intersects with an ascending trendline and aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 8,410.00 which is a level that lies underneath a swing-low support.
Take profit is at 8,569.74 which is a swing-high resistance.
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ASX XJO Market Wrap for February 7, 2025ASX XJO Market Wrap for February 7, 2025
We take a look at the market sentiment for the Aussie market for the first week of February, 2025.
Stocks of interest: #IFT, #FPH, #APA, #FMG, #AMC, #REA, #NWS, #CSL, #WOW, #APA
-- Market Monkey Team
...don't play by the rules!
@market_monkey
#trends #indicators #indicatortrading
#ASX #stockmarket #markettrends #investing #trading
AUS200 - time for a shortTeam, we have been shorting AUS200 a couple of times at 8450 ranges
SHORT aus200 at 8403 -08
double up short at 8452-58 - we should have a stop loss at 8515
Target 1 at 8982-76 - Please note: take partial and bring stop loss to BE once it hit the first target
Target 2 at 8362-48
Target 3 at 8315-8300
Is ASX 200 waiting for a catalyst?Looking at the technical picture of the MARKETSCOM:AUS200 Cash index, we can see that the price remains on an uptrend, while balancing above a medium-term tentative upside support line taken from the lowest point of August 2024. Despite seeing a relatively strong correction lower throughout the whole of December, the index remains resilient to downside pressure. That said, in the short-run, at the time of writing, MARKETSCOM:AUS200 is struggling to break above a key resistance area, around the 8370 barrier.
In order to shift our attention to some higher areas, a break above that key resistance area would be needed. That’s when we may see some more bulls entering the field. If such a move occurs, we might start aiming for the current highest zone, near the 8522 hurdle.
For the downside scenario, we will take a more conservative approach and wait for a break below the previously mentioned upside line. Additionally, a drop below the current lowest point of January, at around 8131 area may invite more bears into the market, potentially opening the door for a move towards the 200-day EMA and the psychological 8000 mark. If that hurdle is unable to withstand the pressure from the sellers, further declines might be possible.
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AUS200 - Potential SHORT setupPEPPERSTONE:AUS200 is currently in a critical resistance zone that has consistently acted as a barrier for bullish momentum.
Taking this into account I anticipate a move toward at least 8,250. However, if the resistance fails to hold, it may open the door for further upside.
Proper risk management is essential, given the possibility of price breaking higher.
Feel free to share your opinions in the comments.