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Australian S&P/ASX 200 IndexAustralian S&P/ASX 200 IndexAustralian S&P/ASX 200 Index

Australian S&P/ASX 200 Index

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AUS200 trade ideas

Short Analysis on AU200 ( ASX ) 2 timeframes / By ThinkingAntsOk Main items we can see on the 4HS chart: a) From the Historical Higher High at 7200 the price made a bearish movement and found support at 4800 b) From there we observed a bullish movement towards the Broken ascending trendlines of the previous ascending motive waves c) The structure that we can see is a Wedge Pattern doing a pullback to the previous ascending trendline d) We saw a breakout of the wedge pattern and a corrective structure next to it e) Our Forecast is that there is a major resistance zone at 5600 -5650 and we will expect a bearish movement towards 4700-4800 WEEKLY CHART:
OANDA:AU200AUD
by ThinkingAntsOk
ASX200 Basing - Are We Getting Ready for a Breakout?- ASX 200 has not recovered as fast as the US Market but enjoyed strong gains today +1.6%. - Technically we have retraced to the 32% Fib level from our 52w Highs. We want to see a breakout from this level and a push past the 50% level. - From a Health perspective Australia has flattened the Covid19 curve but some of the biggest contributors to the ASX 200 such as the banks have reported bad losses this week. Overall we are bullish on this market over the longer term and want to see this basing pattern play out.
OANDA:AU200AUD
by Tuhi_Capital
AUS200 - Strong reboundASX200 - Intraday - We look to Buy at 5325 (stop at 5270) An Evening Star formation has been posted at the high. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A possible AB=CD formation looks to target 5470. We look for a temporary move higher. Further upside is expected and we look to set longs in early trade. Our profit targets will be 5475 and 5560 Resistance: 5370 / 5475 / 5567 Support: 5325 / 5275 / 5200
FX:AUS200Long
by Signal_Centre
1
Possible reversalFirst off I want to mention how much this chart resembled the GFC after it crashed. There was a hopeful rebounce and then another rejection. There also seems to be a double top forming which signals a reversal and the MACD signals strength is slowly diminishing. There could be a possibility of even a triple top before reversing, but I am doubtful it will break current resistance as there was a doji on the weekly chart from the week prior and a potential 'death cross forming' in the weekly chart. I characterize a death cross when the orange goes over the blue line. *This is in no way trading advice, simply an opinion
ASX:XJO
by SpudSquad