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Australia 200 CFDAA

Australia 200 CFD

8,680AUDR
−66−0.75%
At close at 19:59 GMT
AUD
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AUS200 trade ideas

ASX/200 - NOW IS THE TIME TO BUY AUSTRALIA'S STOCK MARKET INDEX Fundamentals Now is the best time to buy Australia's stock market index, as Australian companies exporting commodities to the rest of the world during the recent commodity boom, is pushing up the share prices of the biggest mining companies within the country and pushing up the index!!! Mining companies are seeing their share prices rise due to the booming commodity demand from the re-opening of the global economy as the vaccination rollout is pushed forward, alongside the commodity and precious metals demand for the transition into clean energy. Commodities Australia’s commodity export economy is reliant on export demand, especially from China. Therefore with strong global economic growth expectations from fiscal and monetary stimulus, Demand will be strong for Australian exporters, along with Domestic growth, supporting Australian equities. Key Economic Data To Watch Chinese & U.S Manufacturing PMI Correlation - S&P500 & ASX/200 Historically move closely together. Technicals A breakout above the recent high 7175 would be another opportunity to enter a long buy position. Risk Management ATR Volatility Stop Loss: 13.00% Risk/Reward Ratio | 3:1 Stop Loss Area: 6188 (925points) Take Profit: 9301 (2,191points)
ASX:XJOLong
by KayansMarkets
2
Buy the dip?If you are looking to buy the dip from last week's sell off, the chart seems to tell a different story. From what i can see, even though the market has come back up since last week, all it has been doing is testing the 50% fib retracement from last week's high.... It also can't go higher than the midpoint trend line. My guess is that it's prepping for another downside to complete the elliot wave that started a couple of weeks ago from all time high. I could be wrong but the trend always seems to be eerily followed by this index..
AShort
by mik3sta
XJO - no time to panicThe ASX has just broken its ATH on Monday at 7172 (although I'm told if you add in dividends, we're actually quite a bit higher). However, the moves today (and likely tomorrow judging by the US futures), will likely cause some concerns amongst traders. Its a relatively big move (at least for the last couple of months), but in the scheme of things, today is just 1% down. From what I'm seeing the XJO just slightly above Monday open and around the high point of Friday. Nothing to worry about here. In addition, the overall trend is still up and the Bollinger bands are starting to expand again after tightening last week. TO me the ASX actually looks like it has broken out from a range it was stuck in over most of April, this could just be profit taking or a pullback after a big move yesterday. Although I suspect that it's entirely being driven out of fear arising from the US Markets. All in all, I think these are pretty bullish markers currently. I'm watching it closely and I think the telling point will be if the 50 day MA is breached at around 6900. Anyway, happy trading and if you like this post, check out my blog at www.nickthetraderguy.com. Cheers, Nick the Trader Guy
A
by NicktheTraderGuy
AU200 Final chapter on COILS5.10.21 AU200 Final chapter on COILS: I look at patterns, overall market dynamics (admittedly a vague term), structure, and certain tools that I think of as algorithms of the market...and then I have to make a trade decision: buyer? seller? sit on my hands? I am a discretionary trader using market information ( maybe most of us are to various degrees ). Two different trades could use the same tools ( more or less ), trade the same market and make money: one as a buyer and the other as a seller. All the would need is a different trade location. There is a little more to this, but hopefully you get the idea. THIS IS A GOOD REVIEW OF COILS. I would like to add 2 more things to the video: 1) this was not an easy market to trade because it did NOT have good volatility...and that is why this was a laborious process complicated by lots of "work". In a volatile, I find it much easier to analyze and have a better sense of probability. 2) my explanation on this example is of a market that is expanding out of a coil...which means the market could evolve into an easier market to trade. Always think like a buyer AND a seller, and then decide where you have the edge. You cannot trade what you see if you do not know what you are looking at. You are trading in a market of buyers and sellers...and some of those traders are the "smart money" and some of them are the fast money.
O
by ScottBogatin
1
AU200 - SHORT > LONGAny form of support is greatly appreciated and helps motivate to publish more ideas for the community. OANDA:AU200AUD Important Price: 7040.6 We want to see price move away from this, confirming our move down to 7005.5 . After we see this move happen, purely from a price action perspective we're able to determine a further sell off or SHORT. What do we need to keep an eye on? Pay close attention between 7040.6 and 7005.5 as these prices will help us in staying in a short until Target #1 and Target #2. Target #1 6918.8 Target #2 6818.9
OShort
by UnknownUnicorn21108119
Sell in MAY and go away? ASX 200Looking at this monthly chart the price of the ASX 200 INDEX shows we could have a drop in the market for a few months at least starting in May. The supertrend monthly is down and the price will have to fight at as resistance if it wants to move higher. However historically it has been rejected and a drop lower occurred before it actually climbed over it. I have circled the area of the 2008 crash as the comparison is similar. The drop happened and the climb was fast until it was near the supertrend and it tested it twice before the market went lower. It actually took 5 years before the market was higher. I believe we are in a similar boat now.
AShort
by GlobalTrader_