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AUSTRALIA 200

AU200 Analysis | Bears will be activeAU200 has made the top of 7650 and recently retest it, making double top pattern. Double Top usually considered as a bearish sign and the said instrument shift its trend from bullish to bearish. Currently AU200 is likely to be in distribution phase and its base support lie on 7130. If this horizontal level is taken out, bears will be active in it and the market will finds its next support on 6900. To make the analysis more conclusive, the said instrument has already broken the bullish parallel channel support and testing the horizontal level. Trade your levels accordinly.
OANDA:AU200AUDShort
by JustTradeSignals
Expected Breakout Higher in AUS200Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in AUS200. Trend Analysis The main view of this trade idea is on the 1-Hour chart. AUS200 has been in a rangebound move and is expected to breakout in the short to medium term. Based on the market profile, the range is between 7255 and 7325. Technical Indicators AUS200 recently crossed above its short (25-SMA), medium (75-SMA) and fractal moving averages and it is currently at the middle of the range. The RSI is above 50 and is heading higher. Moreover, the KST confirmed bullish move with a positive crossover. Recommendation The recommendation will be to go long at market. At the time of publishing AUS200 is trading around 7293. The medium-term target price is observed around the 7400 price level. A stop loss is set at 7200.
OANDA:AU200AUDLong
by Ceddy86
1
Australia [ASX 200] - 2021 weekly chartPurple = weekly Blue = Monthly Orange = Daily Hello Traders and Analysts, The following analysis will be in depth to explain the out look of the Index and Based on what merit? Being a commodity based currency we need to analyse the US and commodities as Australia a produce of raw materials. The Australian economy is commodity based but also well suited to self-sufficiency in some aspects from raw material production, construction but relies on Tourism and exports to keep the Aussie afloat. With the ASX correlated with the S&P500 - we expect the ASX to over extend the Fibonacci targets to the upside into 2021 upon the global recovery. XAG We have seen a nice impulse into the channel and a rejection upon reaching the zone of $29.00. Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure to the crisis of the reluctance for the demand of the Commodities . However, this produced a demand zone to hold from so we have a buying opportunity. This imbalance was created in which created the impulse. Price re-established itself now between $22-27 zone for a further imbalance where price will now look to as a strong demand for price engineering if needed. The long term wider chart is available below; XAU Daily longs are still in play after Weekly longs Monthly long Retrace is occurring on the weekly time frame - but can this be building up Fibonacci level aligns of 50% around 1939 and 61.8% at 1907.00 USD. This retracement zone will show a great long identification Retrace needed to to confirm liquidity from the strong demand. Current market at play for XAU USD S&P500 from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure. Where price had a low of 2182, this significant point to me, showed the imbalance between the previous Fibonacci extension points 1.786, 1.618. This was essentially fulfilling the swing high and creating a swing low. Refer back to 2007-08 on the chart to see the imbalances - where; the blue Ellipse - shows the 2008 rally distribution beginning to take effect. The Red Ellipse - shows the pivotal 1.7186, 1.618 full retracement zones - where the "china trade war" and "coronavirus" fundamentals took place for the index to fall back in line. The current bullish momentum will be created from the stimulus coming further into 2021, presidential change and USD index or DXY being suppressed. This projection offers the rate of debt the debt market cycle has not been reacting negatively yet with yields still intact and further debt creation to refinance debt obligations . Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners through to advanced . KISS - keep it simple stupid. Pure imbalance trades - with further explanations on the graphs to understand. If you like our work, please leave a like or comment. Many thanks, Team LVPA.
ASX:XJOLong
by LupaCapital
1
Another Country Breaking Out - Australia!When we look around the world, it often feels like the sky is falling if you tune into financial media. Well here, we look at the charts and see if we can find trends. We have a new breakout in an important commodity economy. Australia! Let’s have a look at the chart. So here we have Australia going nowhere since June. Tons of failed breakouts with the wicks not being able to stay above 6130. We finally get the breakout with follow through as well. Not only do we have the breakout in price, we also have a breakout in RSI terms. This is bullish. Right now we are looking for stuff to buy. We have made that clear. Now we can add Australia to the list of markets that are breaking out. Happy Trading!
OANDA:AU200AUDLong
by derzzycharts
AU200Welcome to this analysis on AU200. Australian stocks have been in a bullish trend since March. Looking at the 12HR chart, It looks like it just broke out of a month-long symmetrical triangle consolidation which should act as a continuation pattern in this case. The target of the pattern is around 6380$ as long as the price holds above the support of the pattern. There is a long term horizontal resistance and an Order Block around the target zone in the 6300$ to 6400$ which has confluence with the patterns target. The price can get to those levels as long as it stays above 5900$. This trade idea has 4.5 Rewards to the Risk ratio. Good luck trading.
OANDA:AU200AUDLong
by Trader_Shayan
4
Trade Idea on AU200 (ASX) by ThinkingAntsOkMain items we can see on the chart a) The price is on an ascending Wedge b) Currently, we can observe a clear corrective Structure (Yellow lines) c) The next resistance zone we have is a weekly one (light blue rectangle) d) Based on the technical elements we have our conclusion is: If the price breaks above the corrective Structure, that will give us a high-quality scenario for long trades towards the next resistance zone e) The Risk-Reward Ratio of this trade is 1 : 2 f) We will move our stop to break even at 6200.00 WEEKLY CHART: (Understanding why we choose that target)
OANDA:AU200AUD
by ThinkingAntsOk
1