bear flag break downnext level of support is 7100 expect more selling in XJO. everyone doesnt want to be like Argentina. time to stabilize your currency and end this game of asset inflation to give the wealth illusion. game over man. buy some short term BBOZ for a trade. Shortby RogueCleanerUpdated 223
Is the ASX 200 about to roll over?Looking at the weekly chart, bulls may have something to worry about. The market is yet to even test 7500 let alone break above it, and each time it has tried (and failed) to do so, the ASX has fallen by double digits in percentage terms. A bearish engulfing candle formed in the first week of the year after once again faltering at those cycle highs. And if we're to see even just a 10% drop from the 2024 high it could, the index will find itself back beneath 7000. But if bears really get their way for another -16% drop, the ASX will be back around 6400. What could make that happen? Well, markets have been aggressively pricing in 5 - 7 Fed cuts this year which may not arrive. And if the wheels fall off the global economy to justify said cuts, that could also be bad for the stock market. So bulls may want to ask themselves if they want to be along at these levels, where the market is yet to every trade above it. As we could be in for a deeper pullback at the very least.Shortby CityIndex2
China Property Stimulus to Boost Aus200 IndexThe recent announcement of a stimulus package by the Chinese government to boost the property sector is expected to have a positive impact on the Australian stock market, particularly the Aus200 index. The stimulus package includes measures such as lower down payments for home purchases and tax breaks for developers. These measures are expected to increase demand for property in China, which will in turn benefit Australian companies that export goods and services to the Chinese market. In addition, the stimulus package is also expected to boost the Chinese economy, which is Australia's largest trading partner. A stronger Chinese economy will mean more demand for Australian goods and services, which will support corporate profits and earnings growth. As a result, the Aus200 index is expected to rise in the coming months. Of course, there are also some risks associated with the China property stimulus. If the stimulus is too successful, it could lead to an overheating of the Chinese economy and a resurgence of inflation. This would be negative for Australian companies that export to China, as it would make their goods and services less competitive. However, at this stage, it appears that the risks are outweighed by the potential rewards. Overall, the China property stimulus is a positive development for the Australian stock market. The stimulus is expected to boost demand for Australian goods and services, support corporate profits and earnings growth, and lift the Aus200 index. Longby SabahEquityResearchUpdated 119
ASX to continue in the upward move?AU200AUD - 24h expiry Buying pressure from 7494 resulted in prices rejecting the dip. We are trading at oversold extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. We look for a temporary move lower. Further upside is expected although we prefer to buy into dips close to the 7510 level. We look to Buy at 7510 (stop at 7478) Our profit targets will be 7590 and 7715 Resistance: 7715 / 7825 / 7985 Support: 7340 / 7210 / 7120 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.Longby OANDA2
ASX200 forming a bullish flagThe ASX200 is in the process of creating a bullish flag on the 1-hour chart following a downward movement. Additionally, a bullish divergence is taking shape, providing confirmation of a reversal from the preceding downtrend. I am initiating an immediate purchase at the current price, anticipating that the price will reach the target outlined by the flag's pole.Longby hassanejaz10
ASX priced in real currencyWhen pricing the ASX200 in Gold instead of paper AUD. you can see the XJO hasnt gone higher but stay within a trading range. its important to measure things with the right measurement and not to measure things in something as unstable as paper money. by RogueCleanerUpdated 112
$ASX200 once again unable to break through resistance level#ASX200 has tried numerous times to break and hold above the $7,500-7,600 level, with no success. This resistance zone has shown to be resilient, but these levels tend to eventually be broken. Will be watching key economic data over the coming weeks to see if there is anything strong enough to send price through this level.by RyanboydUpdated 1
expect a pullbackWars are inflationary. so expect interest rates to keep rising in 2024 (even tho they are negative in real terms) higher rates means lower share prices. lets see how the central planners react to the war and the goal is always to inflate asset prices but the problem now is the inflation can not be hidden by cheap asian labour anymore. The rise of Asia means there is now a wealthy middle class who are no longer willing to slave away making cheap throw away goods for the regime. buy more BBOZ.... Shortby RogueCleaner3
ASX to find buyers at market?ASX200 - 24h expiry We are trading at overbought extremes. A Doji style candle has been posted from the base. Our overall sentiment remains bullish looking for higher levels. This is positive for sentiment and the uptrend has potential to return. Preferred trade is to buy on dips. We look to Buy at 7578 (stop at 7528) Our profit targets will be 7698 and 7720 Resistance: 7715 / 7825 / 7985 Support: 7505 / 7340 / 7210 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.Longby OANDA3
AU200 3:1 R2R Sell SetupFirst thing to note is that we have a bearish breakout below the ascending trendline on the 1hour timeframe. Additional RSI is suggesting selling pressure with the bearish divergence. == Game Plan == Wait for a pullback as outlined on the chart to enter a sell targeting a 3:1 risk to reward.Shortby Michael_Harding3
AUS200 Dn.AUS200 Dn. Double Top. With two sharp spikes. Divergence. Squueze offers a good stop. Lets hope for a 5x + move.Shortby jforex780
200AUD (Index) LongsMost major markets have been breaking All-Time-Highs. Momentum is still strongly bullish. Currently in a Bullish Outbreak, occurring after two same-sized retracements (represented by congruent grey rectangles). No indication of reversal, expecting price to continue hitting new highs. Preparing for Long positions after appropriate candlestick close. Keep an eye out for signs of bearish reversal. Invalidation point placed before the opening gap (red dashed line). Aggressively add to position if in profit, once price has found support. Avoid adding to position if negative. Longby virtual_an0malyUpdated 0
XJO ASX 200 potential breakout (long) or reversal (Short)ASX:XJO A potential breakout of ATH could provide a good long trade. A rejection could see a high probability short trade. by Wallacetradesstocks0
XJO - 28 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.Longby TheArtOfCharting3
AU200 ~ Commodities or Follow US Markets? ASX Wants Both! (2H)CAPITALCOM:AU200 chart mapping/analysis. ASX grinding higher into EOY, benefitting from relative strength in global commodities & precious metals. Trading scenarios into EOY: Continued commodity strength + US bullish momentum = rally into 23.6% Fib / ascending trend-line (light blue dotted) confluence zone. Rally would coincide with re-test of bearish breakdown from pennant pattern. Commodity weakness + US market capitulation = re-test of 38.2% Fib, into horizontal line (yellow dashed) / 200SMA / lower range of ascending parallel channel (green dashed) uber confluence zone. by BlueHatInvestorUpdated 0
ASXAUD (Australia 200 Index)- Rising Wedge BreakoutASXAUD was in bullish trend and was making HH and HL. Divergence on RSI appeared on hourly chart. Rising wedge formation was formed. Now instrument give breakout of the Rising Wedge pattern downside. Most probably, trend reversal is expected.Shortby ALIHAMID1
AUS200Daily: broke market structure with good momentum. 30M: forming a strong momentum and ending the pullback.Longby sherifmessehaUpdated 0
Bearish AUS200 provided 7320 is not brokenDue to prevailing market structure bearish continuation can be expected from AUS200 provided 7320 is not violated. Hunting bearish entry structures to follow price short.Shortby JamesHaywood0
longthe price came from weekly demand zone and in daily time frame is above 20 and 50 moving average, in 30 timeframe broken market structure and formed a new uptrend. and i think it will reach 7650 on the long run.Longby sherifmesseha0
AUXAUDAUXAUD Buy at HL(also trendline support intact ) Analysis at 4 hour SL , TP mention in chart Longby SignalEdgeUpdated 1
ASX/AUD is trendig bullish asxaud is looking great movement buy long 7070 stop loss 7048 take profit 7084Longby waqarAhmed120