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ASX200 to continue in the downward move?AU200AUD - 24h expiry 8649 has been pivotal. 20 1day EMA is at 8657. Daily signals are bullish. Our short term bias remains negative. Price action continued to range between key support & resistance (8560 - 8640) although we expect a break of this range soon. We look to Sell at 8643 (stop at 8711) Our profit targets will be 8443 and 8403 Resistance: 8620 / 8649 / 8700 Support: 8556 / 8500 / 8410 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, 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.
OANDA:AU200AUDShort
by OANDA
Bearish potential detected for ASKEntry conditions: (i) lower share price for ASX:ASK along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction around the share price of $1.37 (open of 26th August). Depending on risk tolerance, the stop loss for the trade would be: (i) above the potential prior resistance of $1.43 from the open of 7th November, or (ii) above the potential prior resistance of $1.45 from the open of 19th September, or (iii) above the recent swing high of $1.48 from 24th October.
ASX:ASKShort
by Ivory_Wolf
ASX200 to find buyers at previous support?AU200AUD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Short term oscillators have turned positive. Previous support located at 8570. 50 4hour EMA is at 8572. Dip buying offers good risk/reward. We look to Buy at 8571 (stop at 8499) Our profit targets will be 8771 and 8791 Resistance: 8653 / 8700 / 8750 Support: 8574 / 8500 / 8447 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, 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.
OANDA:AU200AUDLong
by OANDA
AU200 to find buyers at 61.8% pullback?AU200AUD - 24h expiry Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. Trading volume is increasing. We look for a temporary move lower. We have a 61.8% Fibonacci pullback level of 8362 from 7151 to 9110. Dip buying offers good risk/reward. We look to Buy at 8365 (stop at 8265) Our profit targets will be 8665 and 8715 Resistance: 8519 / 8580 / 8653 Support: 8437 / 8400 / 8362 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, 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.
OANDA:AU200AUDLong
by OANDA
Bearish potential detected for IELEntry conditions: (i) lower share price for ASX:IEL along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction around the share price of $5.58 (open of 16th September). Depending on risk tolerance, the stop loss for the trade would be: (i) above the potential prior resistance of $5.96 from the open of 2nd September, or (ii) above the yearly anchored VWAP (currently $6.04), or (iii) above the quarterly anchored VWAP (currently $6.19).
ASX:IELShort
by Ivory_Wolf
CHN ready to runCHN has demonstrated encouraging developments after emerging from a descending wedge pattern, bolstered by a bullish RSI divergence and the formation of a bull flag on the hourly chart. Furthermore, the daily chart reveals hidden bullish divergence, complemented by support from a trendline established in July and a .05 Fibonacci retracement level. A decisive move above $2 would serve as a strong indicator of a structural shift, potentially paving the way for a more substantial upward trend. Good luck and happy trading! 🍀
ASX:CHNLong
by jason_rpprt
Bearish potential detected for DGTEntry conditions: (i) lower share price for ASX:DGT along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction around the share price of $2.76 (open of 2nd October). Depending on risk tolerance, the stop loss for the trade would be: (i) above the potential prior resistance of $2.92 from the close of 14th July, or (ii) above the potential prior resistance of $3.14 from the open of 9th September.
ASX:DGTShort
by Ivory_Wolf
ASX SPI: Bounce Like It’s 2025?The second downside target of the short trade in ASX 200 SPI futures discussed last Friday has now been achieved, prompting a reassessment: hold, add, square, or flip? The uptrend that had been in place since late May finally gave way after a brief period of indecision. The subsequent bearish move broke minor support at 8830 on Tuesday before stalling at 8750 on Wednesday. While price action and momentum indicators remain extremely bearish, suggesting the breakdown could evolve into a more pronounced downtrend, it’s impossible to ignore the broader context. This is 2025. Since the Liberation Day lows in April, every bearish episode has been met with aggressive dip-buying. Until proven otherwise, we must remain open to the possibility of history repeating, creating scope for countertrend longs. If the price fails to close below 8750 today, longs could be considered above the level with a stop below for protection. Preference would be for entry to be closer to 8750 than where the price currently trades. Initial targets would be 8830, followed by the intersection of former uptrend support and the 50-day moving average at 8914. Conversely, if the price closes below 8750, shorts could be initiated or added beneath the level with a stop above, targeting support at 8600. To be clear, RSI (14) and MACD are both firmly bearish, consistent with building downside pressure that favours short setups. But that message must be treated with caution given the relentless dip-buying seen in recent months. Good luck! DS
ASX24:AP1!Long
by FOREX.com
Bullish potential detected for SGP (and potential outside week)Entry conditions: (i) breach of the upper confines of the Darvas box formation for ASX:SGP - i.e.: above high of $6.48 of 26th August (most conservative entry), and (ii) swing up of indicators such as DMI/RSI. NOTE: A potential outside week also exists for this trade - if preferred, await for trade above the high of the week ending 17th October (i.e.: above $6.56) for further confirmation. Stop loss for the trade (based upon the Darvas box formation) would be: (i) below the support level from the low of 26th September (i.e.: below $6.03).
ASX:SGPLong
by Ivory_Wolf