AU200 SHORT (SELL)The chart explains itself, my apologies everyone not enough time at the moment to explain my analysis in detailsShortby HilgardMullerUpdated 2
ASX 200 Sell opportunityThe price is at top of uptrend Channel, possible reversal and correctionby alikh59Updated 224
reaching top of uptrend channelThe price is close to channel, high probability of reversalShortby alikh594
Asia Markets Higher on Monday Open Whilst Crude Prices Stay FlatHeadlines: - Crude finishes the Asian session flat as markets seemed to steer clear of negative news over the weekend. - Asian equity markets took much of the spotlight during the session as ASX200 finished up +0.85% as well as the Nikkei225 up +0.73% with Industrials and Minerals leading the chart in Australia. - During the Asian saw China post Trade Balance data which beat market expectations slightly showing slight increase in strength in the Chinese economy even after a lower quarter of exports to the United States during this period. Expected number of 315billion was below expectations which came out at 329B.by OilReporting9
ASX200 All-Time Highs After Better than Expected Retail Sales Asian Session: - ASX200 breaks all time highs breaking past strong resistance level of 6850-70 - Australian Retail Sales post better than expected numbers +0.9% for the month of Decemberby OilReporting8
ASX200 - approaching sturdy resistance?The median line of this Schiff pitchfork has proved strong resistance for this index twice since 2009 has lead to healthy declines each time it's been hit. 3rd time lucky to break out or not.......?by tomj2417Updated 4
Australia Stocks and S&P/ASX 200 Drops At The End Of TradingOn Wednesday, Australia stocks were softer after the stock trading. It was due to the deficits in the IT, Consumer Discretionary, and Financials sectors that led the shares weaker. At the end of trading in Sydney, the S&P/ASX 200 plunged 0.13%. The best performers of the trading session on the S&P/ASX 200 were Independence Group NL , which soared 6.00% or 0.390 points to trade at 6.890 at the close. Meanwhile, Newcrest Mining Ltd also increased by 4.03% or 1.240 points to end at 32.000 as well as Regis Resources Ltd that rose 3.70% or 0.160 points to 4.480 in late trading. On the flip side, the worst performers of the session were Polynovo Ltd declined 8.13% or 0.165 points to trade at 1.865 at the end of the stock trading. Pendal Group Ltd also dropped 5.32% or 0.480 points to end at 8.540 along with Pilbara Minerals Ltd that decreased 4.76% or 0.015 points to 0.300. Meanwhile, falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 761 to 402, and 333 ended untouched. Moreover, shares in Independence Group NL grew to 5-year highs; up 6.00% or 0.390 to 6.890. The S&P/ASX 200 VIX , which is measuring the implied volatility of S&P/ASX 200 options, strengthened 3.14% to 13.018.by Financebroker2
A bull trend is coming for this monthGold is going down and now its time for AUS200 to go 6900Longby mrmoney1920Updated 6
ASX200 is ripe for a roll overRSI divergence to price. PRICE trend is up but RSI trend is down. unless RSI breaks the blue line the price shall roll over and crash lower to the rend trend line. RBA will need to intervene again and lower cash rate or QE to keep asset prices higher. free markets?? hehe,,, yeah right Shortby RogueCleaner7
Weekly Analysis on AU200AUD / ASX 200 by ThinkingAntsOkUse this as a guide to develop your setup. Main Items we can see on the Weekly Chart: a)The price is against a significant reversal zone with the possibility of making a double top pattern. b)At the same time, the price is inside an ascending channel since 2009 and currently is against the upper trendline. c)If these two technical points work as resistance for the price, we expect a bearish movement towards the lower trendline of the ascending channel. d)This Chart works with an analysis purpose only. If you want to develop a setup based on this, you should go to lower timeframes such as one day / 4hs and define your Entry filters there.Shortby ThinkingAntsOk8
AU200 AUD, Buy after pullback!The price is accumulate it's power under the Historical Key Level. We can open Buy after it will be crossed and pullback to Buy Zone. Push like if you think this is a useful idea! Before to trade my ideas make your own analyze. Write your comments and questions here! Thanks for your support! Longby Yuriy_Bishko2249
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. Shortby WickHunterUpdated 7