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Asx200

ASX200 to see extended gains?ASX200 - 24H expiry Price action looks to be forming a bottom. A break of the recent high at 8722 should result in a further move higher. We look for gains to be extended today. Our outlook is bullish. The primary trend remains bullish. We look to Buy a break of 8723 (stop at 8649) Our profit targets will be 8883 and 8913 Resistance: 8722 / 8750 / 8800 Support: 8655 / 8610 / 8543 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 BXBEntry conditions: (i) lower share price for ASX:BXB along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction around the share price of $22.66/22.69 (low of 11th December / yearly VWAP zone). Depending on risk tolerance, the stop loss for the trade would be: (i) above the recent swing high of 9th December ($23.16), or (ii) above the declining 50 day MA or quarterly VWAP (currently $24.06 and $24.08).
ASX:BXBShort
by Ivory_Wolf
Stocking up on longs as Christmas cheer kicks inHaving failed to clear resistance layered above 8,726 last week, our ASX 200 contract has retraced back towards support at 8,575 and bounced, generating a setup where traders can look to play what is typically a strong seasonal period for Australian equities without leaving too much risk on the table. Longs could be set above 8,575 with a stop below, targeting a bullish reversal back towards resistance at 8,726. While the oscillators are providing mildly bearish signals, with RSI (14) pushing lower away from the neutral level and MACD rolling over towards the signal line while remaining in negative territory, the message is overridden given we’re approaching the roll in futures and the likelihood of far lower volumes heading into Christmas. Essentially, this trade is underpinned by the Santa rally playing out as institutional traders pack up for the year, providing a window for retail to dominate proceedings. Good luck! DS
FOREXCOM:AUS200Long
by FOREX.com
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
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
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
ASX200 to find buyers at market price?AU200AUD - 24h expiry The primary trend remains bullish. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. 50 1day EMA is at 8904. Setbacks should be limited to yesterday's low. Offers ample risk/reward to buy at the market. We look to Buy at 8904 (stop at 8849) Our profit targets will be 9069 and 9099 Resistance: 8931 / 8970 / 9000 Support: 8865 / 8829 / 8800 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 CAREntry conditions: (i) lower share price for ASX:CAR along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction around the share price of $36.14 (open of 13th May). Depending on risk tolerance, the stop loss for the trade would be: (i) above the potential prior resistance of $38.68 from the open of 6th October, or (ii) above the potential prior resistance of $39.75 from the open of 5th September, or (iii) above the previous swing high of $41.55 from 25th August.
ASX:CARShort
by Ivory_Wolf
ASX to continue in the upward move?AU200AUD - 24h expiry Short term bias has turned positive. The primary trend remains bullish. 8910 has been pivotal. 20 1day EMA is at 8905. Dip buying offers good risk/reward. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 8913 (stop at 8863) Our profit targets will be 9063 and 9093 Resistance: 9011 / 9046 / 9075 Support: 9842 / 8910 / 8829 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
ASX200 to find buyers at previous support?ASX200 - 24h expiry Daily signals are mildly bullish. 50 1day EMA is at 8792. Short term bias has turned positive. Support is located at 8780 and should stem dips to this area. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 8794 (stop at 8761) Our profit targets will be 8894 and 8914 Resistance: 8835 / 8850 / 8890 Support: 8806 / 8780 / 8717 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
1
Bearish potential detected for BENEntry conditions: (i) lower share price for ASX:BEN along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction around the share price of $12.44 (open of 23rd June). Depending on risk tolerance, the stop loss for the trade would be: (i) above the potential prior resistance of $12.84 from the open of 11th June, or (ii) above the potential prior resistance of $12.90 from the open of 11th July, or (iii) above the declining 10 day moving average (currently $13.02), or (iv) above the low of the range of day prior to the gap-down (1st September) of $13.10.
ASX:BENShort
by Ivory_Wolf
1