This analysis is for those who work in Australian currency
A 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...
Dear 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...
I would take a long position here but will be with smaller risk than usual because the market is at 4h resistance but there could be a chance for another push up.
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With holiday comes low volatility. I expect market to stay within 7080-7158. Very likely till first week of January. This might play out two ways: 1. Bullish scenario: - we break above 7158, and hit 7250. (Max 7400 to form double top on daily chart and then drop to 6500 or even new lows) - looking into Elliott Waves strategy - we could face one more wave to the...
SPI200 - Intraday - We look to Sell at 7165 (stop at 7215) Buying pressure from 7018 resulted in prices rejecting the dip. With the Ichimoku cloud resistance above we expect gains to be limited. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. ...
ASX200 - 22h expiry - We look to Buy at 7025 (stop at 6975) Buying pressure from 6959 resulted in prices rejecting the dip. Previous resistance level of 7027 broken. This is positive for sentiment and the uptrend has potential to return. Further upside is expected although we prefer to buy into dips close to the 7025 level. Our profit targets will be 7170...
XJO acting as an inflation hedge, except when recession kicks in, which will kill all demand. XJO or AUS200 is outperforming US indices coz in a high inflationary environment, a country producing a lot of commodities tend to do better. Another example is Brazil with ticker symbol EWZ, which is also a good inflation hedge if dont want to use PFIX to capture rising...
If we get a bullish run from here (@ 6670 now) for the next few days to see upwards of 6900 trade, then I see the following projected path all the way to Feb 2023 where the final hit of 6400 can happen and a sustained BULL run can start for the rest of the year Just putting it our here for now to follow it on the DAILY Timeframe
AUS200 made a low of 6401 on 3rd Oct 2022 & bounced up by more than 400 pts to print a high of 6811 on 5th Oct 2022 But what if this was just a dead cat bounce and not an actual reversal from the longer term downtrend? In that case, I see the next 2 weeks to trade as per the path shown in the chart - time frame is 4 HOURS and not all end points are supposed to be...
The Australian 200 stock index continues to move higher, despite weakness in the states. A fiscal boost from China could be helping to spur the high risk index higher. Weaker Aussie employment data could also lead to a less aggressive RBA. From a technical perspective, price is nearing a key resistance level at the 61.8% Fibonacci level and the 200-day SMA. The...
Market has made a resistance, with possibility of breaking through soon. I look forward to a transient SHORT for momentum to do this.
TECHNICALS From what we can see the market is still within the bearish channel and is soon to continue moving bearish. potentially following 1 of our options our bias will remain the same until we see a break above the channel.
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I see very bullish signs on AUS200 chart. My only problem is: was it just Friday afternoon rally or beginning of bear rally for next week? Overall it seems like a strong bullish move. Earning season Q2 is coming soon - but will it be good enough for the market to continue move upside? One is certain - there is still a lot of volatility in the markets. Trade...
I am short on AUS200, H&S pattern spotted. DOYR! This is not a financial advise.
Trade Idea: Sell Australia 200 Reasoning: Bearish engulfing forming on daily chart, Stalled at resistance and turned lower under Ichimoku cloud on 4-hour chart. Entry Level: 6494.5 Take Profit Level: 6254.5 Stop Loss: 6554.5 Risk/Reward: 4:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There...