China trend downLooks like problems in china are still running badly, cutting rates and some economic issues are making chinese markets weak.. for moment its trend down
CHINA50 trade ideas
China A50 holds its ground despite weak sentimentAU wages came in weak, The RBA hinted that they think they're done tightening in the minutes, The PBOC cut rates (again) and a slew of data from China once again misses the mark. And all in a 30-minute period! I think we’re fast approaching a phase where bets will be on for another round of stimulus. The China A50 is holding its ground above 12,600 and AUD/USD has managed to hold above yesterday’s YTD low despite the weak data. There’s a floor under these prices, and any rumours of stimulus could potentially light the bullish match for these markets to bounce.
Economic data from China continues to disappoint, with retail sales, industrial production and fixed-asset investment data all missing the mark today. This follows on from disappointing trade figures for Q3 with imports and exports contracting at a much faster pace than feared, and loan demand falling to its lowest level since 2009.
Yet somehow, the China A50 is still holding above the 12,400 base it formed in Q2 (despite negative headlines) before falling on news of stimulus. Are we about to witness a similar scenario? Perhaps.
The PBOC announced that they have cut rates for a second month in three, a move not expected by the majority of economists. But it does suggest there is some panic, and with that comes hopes of more stimulus. If a market can’t go lower on bad news, it may not take much ‘good’ news to help it rally.
A bullish hammer formed on the daily chart on Monday and prices are holding above its low despite the negative sentiment. We therefore see the potential for a rally to at least 13k, either on hopes of stimulus (or confirmation of it).
Technical analysis: #China A50 index #Long positionAccording to the chart, the down strend is about to end. Potential target is 15727.
CHINA A50 possible setupthis is my anticipation from the weekly chart.
price reached a major resistance level, i used the fib retracement 61.8 level for extra confluence.
China50 to find buyers at previous highs?CHN50 - 24h expiry - We look to Buy at 13030 (stop at 12910)
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 13518.
A Doji style candle has been posted from the high. A lower correction is expected.
Short term bias has turned positive. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 13375 and 13600
Resistance: 13600 / 13970 / 14440
Support: 13080 / 12760 / 12245
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Analysis on CN50 (China Stock Index)Hi all,
I posted in mid June that this one is very worth monitoring.
Now, not only it broke the blue line, it also make higher high right after with real volume.
So, it is still fine to follow or if it retrace, just go long.
TraderApprentice PP
QuanTechTrader PP
CHINA STOCK A50 (another confirmation )hello dear trader
i am still in buy position ... we buy at bottom
we must waiting for target filll
good luck
China H&S Pattern ?Possible H&S pattern developing on bigger TF.
Opportunity after neck breakout.
Measured move - white line
China A50 holds 12400 with conviction. Bullish breakout pending?The China A50 trades within a bearish channel on the daily chart, although we strongly suspect it wants to break out of it to the upside.
If you look at the steady stream of weak data coming out of China over the past few months, why is the China A50 not breaking to new lows? In fact, each time the market has pulled back to the 12,400 area since early June buyers have stepped in. And they returned in force yesterday to produce a strong bullish engulfing candle at support.
Bulls could either wait for a break of the 12,857 high to confirm breakout. But if confident that some sort of ‘plunge protection team’ is defending the 12,400 level, any pullback towards it may prove to be a gift for bulls who are anticipating a countertrend breakout.
CHINA50 Boosted by the new stimulus signalDJ News Wire:
The country's top decision-making body signaled it would step up economic stimulus, including possible measures to aid the property sector. The memo released Monday by China's Politburo "essentially acknowledged the current property woes and opened the door further for a policy shift from stabilizing to at least modestly stimulating,"
Hopes for the new stimulus package boosted Chinese Shares.
Technically:
Cycle Sniper Daily Bullish Deviation and Crossing over 0
Cycle Reversal Filter headed North from the bottom.
Trade Idea:
Buy closing above 13.000 resistance.
Targets: 13.500 - 13.800 - 14.200
Good Luck
CHINA50 CN50 Short Bears Remain in ControLike Hong Kong 50(See the Idea here
bearish start to the week, with hawkish central banks and growth fears continue weighing on investor sentiment ahead of a busy week.
The theme remained the same, with investor jitters over the economic outlook weighing on investor sentiment.
There were no economic indicators from the region to change the mood.
Market Overview
It was a bearish morning session for the Asian markets. The ASX 200 led the way down, with the Hang Seng and the Nikkei also struggling.
The Asian equity markets tracked the US equity markets into the red, with fears of central banks sending the global economy into a recession weighing. Hawkish Fed Chair Powell testimony continued to resonate this morning. Last week’s Bank of England 50-basis point interest rate hike was a reminder of central bank commitments to tame inflation.
Despite softer US private sector PMI numbers on Friday, the markets are still betting on a Fed 25-basis point interest rate hike in July. According to the CME FedWatch Tool, the probability of a 25-basis point July Fed rate hike stood at 71.9% versus 74.4% one week ago.
Significantly, the chances of the Fed lifting rates to 5.75% in September stood at 11.5%, up from 8.9% one week earlier.
Bank stocks also had a mixed morning. HSBC Holdings PLC and The Industrial and Commercial Bank of China (HK:1398) saw losses of 0.33% and 0.24%, respectively, while China Construction Bank (HK: 0939) rose by 0.40%.
Strategy Bearish Short
RSI confirming permanent trend continuation
Bulltraps can be used to sell more and stronger
Trendlines shold be used in 2 ways:
bearish breakout of the trendlines should be sed to new bearish enries or position sizing only.
Bullish breakouts should be used as profit taking or trading the 2nd wave only.
Bullish breakouts are often traps.
CN50 approaching swing lows.CHN50 - 24h expiry - We look to Buy at 12425 (stop at 12345)
Bespoke support is located at 12420.
12400 continues to hold back the bears.
Expect trading to remain mixed and volatile.
The medium term bias is neutral.
We look for a temporary move lower.
Our profit targets will be 12625 and 12665
Resistance: 12570 / 12630 / 12670
Support: 12500 / 12480 / 12420
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
China50 to stall at swing high.CHN50 - 24h expiry - We look to Sell at 12720 (stop at 12805)
Buying pressure from 12375 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is to sell into rallies.
Previous resistance located at 12733.
Our profit targets will be 12520 and 12360
Resistance: 12790 / 13180 / 13660
Support: 12400 / 11845 / 11140
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CN50 being a good long at neckline support?CHN50 - 24h expiry - We look to Buy at 12565 (stop at 12465)
Posted a Double Bottom formation.
Neckline support is 12565.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
Further upside is expected although we prefer to set longs at our bespoke support levels at 12565, resulting in improved risk/reward.
Our profit targets will be 12815 and 12865
Resistance: 12790 / 13180 / 13660
Support: 12400 / 11845 / 11140
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Analysis on CN50 China MarketHi all,
This might be a good investment opportunity for any of us.
Though we still need to wait, we better start monitor this.
As long as it can break the medium downtrend line, we should get ready to enter long position.
QuanTraderPP
CN50 to find support at 0.618 pullback?CHN50 - 24h expiry - We look to Buy at 12570 (stop at 12490)
We are trading at oversold extremes.
Short term bias has turned positive.
This is positive for sentiment and the uptrend has potential to return.
We have a 61.8% Fibonacci pullback level of 12570 from 12244 to 13098.
Preferred trade is to buy on dips.
Our profit targets will be 12770 and 12810
Resistance: 13180 / 13660 / 14440
Support: 12400 / 11845 / 11140
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
CHINA A50 POTENTIAL REVERSAL TO THE UPSIDE.China stocks eased 0.01%, while Hong Kong's Hang Seng Index
HSI opened up 0.3%. China's sputtering post-COVID-19 economic recovery has weighed on stocks, with investors pinning their hopes on more policy stimulus as weak manufacturing and exports hurt the broader outlook this year.
Has CN50 turned positive?CHN50 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the uptrend returns.
Further upside is expected although we prefer to buy into dips close to the 12420 level.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 12420 (stop at 12310)
Our profit targets will be 12730 and 13180
Resistance: 12790 / 13180 / 13660
Support: 12400 / 11845 / 11140
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china A50 (bottom here)hello dear trader
this price action of (chinaA50)
FTSE China A50 Index is a stock market index by FTSE Group, the components were chosen from Shanghai Stock Exchange and Shenzhen Stock Exchange, which issue A-share; B-share were not included. Other similar product were CSI 300 Index by China Securities Index Company and "Dow Jones China 88 Index" by S&P Dow Jones Indices
price can reverse in this area because : PRZ fibou 0.618 + priceaction level
good luck
Reopening trade is dead in the water.The Hang Seng broke below 19k. Copper is heading lower. Iron Ore futures in Shanghai and Singapore have dropped. This is not good for China. Short it
China50 continues to be a short.CHN50 - 24h expiry - We look to Sell at 12650 (stop at 12730)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
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 12750 level.
Our profit targets will be 12450 and 12410
Resistance: 12790 / 13180 / 13660
Support: 12400 / 11845 / 11140
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NEW IDEA FO XINUSDIt seems that the Chinese stock market index is forming a descending harmonic cipher pattern in the one-hour time frame, and therefore it is likely that the rate will increase in an upward rally to the resistance of 13366.
