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...
The 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...
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...
The 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.
When 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.
#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.
Wars 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...
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...
First 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.
Most 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...
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trading opportunities based solely on the
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
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...
ASXAUD 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.
