AUS200 trade ideas
easyMarkets ASX 200 Daily - Quick Technical OverviewDisclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUS200AUD re-testing double top necklineTrade Idea: Selling AU200AUD
Reasoning: Double top formed in 1hr chart. Re-testing the neckline
Entry Level: 7097.6
Take Profit Level: 7006.7
Stop Loss: 7127.6
Risk/Reward: 3:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
AU200 - a slower burner but bouncingTrade Idea: Buying AU200AUD
Reasoning: Downside move has stalled and there has been a reaction higher from support. Breaking up through short-term Ichimoku cloud resistance. Bullish engulfing on 4-hour chart.
Entry Level: 7461.5
Take Profit Level: 7542.5
Stop Loss: 7430.0
Risk/Reward: 2.57:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
AW ASX Analysis - How This Pattern Differs to the Dow Jones...A quick video to mention the slight difference between this pattern and the Dow Jones.
Most people don't care about their portfolio oscillating within these moves.
If you are trader or investor that likes to swing trade however, then this might be of interest to you.
Don't forget to check out the Dow Jones version down below.
Short Stop: 7656.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
ASX to find buyers at market?ASX200 - 24h expiry - We look to Buy at 7490 (stop at 7455)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
The medium term bias remains bullish.
Preferred trade is to buy on dips.
Further upside is expected although we prefer to buy into dips close to the 7490 level.
Our profit targets will be 7585 and 7870
Resistance: 7590 / 7870 / 8325
Support: 7340 / 7140 / 6980
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.
7 reason why the ASX200 is eyeing all-time highs With the ASX200 testing the ATH's seen in August 2021, the question of what exactly is driving the flows has been asked more liberally by clients - While we can point to macro factors, such as a belief that we're closer to an end in the hiking cycle, USD weakness, and a China re-opening, our analysts look at 7 of the key attractions driving the strong performance of the Aussie share market.
1) The ASX 200 trades on a 14.7x 12-month PE ratio - that's in line with 10yr average, but you get 5% expected EPS growth. Hardly blow the lights out potential returns but compared to other global equity markets, it could be worse!
2) The ASX200 is a 'value' markets and it trades on a 4.4% yield - arguably the highest yielding market in the developed world, and by some way - 47% of ASX200 listed entities have a higher div yield than the Aus 10yr govt bond (3.5%).
3) The ASX200 is leveraged to quality banking institutions who are benefiting from the higher cash rate environment- fine, the demand for credit is falling, but it's not awful at this stage and their asset mix is still of top quality and there are limited concerns around bad and doubtful debts - CBA report on 15 Feb and should highlight a decent lift in NIM, where the market feels strongly they should pay out cash to shareholders, lifting the dividend nearly 20% at FY earnings
4) There are some of the highest quality names in the materials space - for managers who want leverage to China reopening and the bullish dynamics in copper and ferrous (even in AUD), then the ASX200 has it - BHP, RIO and FMG all looking strong, and are now benefiting from a drop in production from Vale
5) Australia has the strongest GDP expected this year of any developed economy - fine, the consensus only expects GDP to average 1.8% in 2023, but that is far higher than the US, UK and EU
6) The ASX200 has excellent exposure to some of the world's highest quality healthcare stocks - CSL, COH are world-class and have been on fire recently
7) There is low leverage to tech - granted, that has seen the ASX200 underperform the NAS100 since mid-Jan, but international managers come to Australia for quality value stocks - they go to the US for high-quality tech/growth
📈 AUS200 Unstoppable 📈📈 AUS200 Unstoppable
📈 Nearest strong support zone: around the 0.786 level of the downward wave.
📈 Nearest strong resistance zone: around the 0.886 level of the downward wave.
📈 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
📈 Price action: the AUS200 has been positively distinguishing itself from other stock indices for quite some time now by showing very strong upward momentum, we are getting higher day by day. In addition, we have broken through another resistance which will currently serve as support. It is very likely that on the wave of strong growths we will see the next resistance zone in the perspective of the coming days.
📈The scenario I am playing out is a continuation of the increases to the vicinity of the next resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
📈 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
AUSTRALIA200 Formed Double BottomAUSTRALIA200 Formed Double Bottom in Daily Time frame.
The neckline of Double bottom structure has already been broken.
Now It is expected Buyers may push the market to the higher levels of 7600 and further.
It may be a good opportunity for the investors and traders to enter into the long position with a Averaging Cost method.
AU200AU LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
2023-2024 Forecast - from Dow Jones 2000-2002 dot com RoadmapThis is a chart of the Dow Jones 2000-2002 dot com bubble market overlaid on the Australian share price index, but really, this Dow Jones market could be laid upon a number of U.S. indices and you would still find a high level of correlation.
The forecast dates are unlikely to align. The overlaid will need to be pushed and pulled forwards a backwards by a number of months to achieve 1, 2 or possibly 3 'best-fit' potential outcomes.
The major low is generally more likely to aligning with a secondary low (a low just before or after the major low), or possibly one of the highs between the lows.
ASX offers good risk/reward at market.ASX200 - 22h expiry - We look to Buy at 7468 (stop at 7411)
The medium term bias remains bullish.
Bespoke support is located at 7468.
This over-extended move shows no sign of slowing.
Preferred trade is to buy on dips.
Our profit targets will be 7588 and 7625
Resistance: 7531 / 7588 / 7620
Support: 7468 / 7447 / 7395
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.
AUS200 = pathway to 7080 from 7380 nowA possible 300 point correction - if that happens, this is how I see it unravel over the next 3 weeks
If there is a daily CLOSE > 7415 then this gets invalidated. Very close to that mark but that is where the best RISK v REWARD lies in going against this huge uptrend
(Not all levels can get hit on the given date/time but the overall path towards 7080 could see this projected patch )
AUS200Dear friends, what we are going to see in this post is why I'm waiting to go long on AUS200.
Price was travelling in the downward direction in the 4h time frame and now it is the verge of a breakout. As it is a breakout for the first time from the downward parallel channel, price will reverse as there is a supply zone at 7146.00 to 7183.80. Even though price is near to the 8h supply zone still price is coming from the strong demand zone. Now you can see there is a heavy buying pressure. Whatever AUS200 goes towards the supply zone still it is coming from a strong demand zone. So, shorting at this time is little is a bit risky but small profit can be expected. Don't expect too much. Just book the profit if you are shorting and sit quietly for the price action. Because it is very important to stay protected our capital in the stock market.
If you look at this chart the price has a strong support to retest to go upside. Trend is down in the lower time frame, and it is up in the higher time frame. As we all know that higher time frame controls the lower time. So, if you want to go short, yes you can. But don't expect too much. Price may or may not go up quickly. But all I expect is that the price will go down to take a strong support and then go up. If you are a breakout trader and you're on the verge of the market high, then you can plan your risk accordingly.
The current supply zone will prevent the price from going up. The traders who have taken the long position entrap bulls. Everyone rushes to open a long position as the price is going up rapidly. But after opening the long position the price starts to fall after the frenzy that heats up our head. If the price of this script starts falling, then the best place to open a long position is at 7029.00 or 6921.00.
Look at the chart attached for a better clarity. Avoid buying in haste. Perhaps 7110.00 is a good place to buy this stock if it closes above 7200.00.
But it is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
FXOPEN:AUS200
