ASX200 - 24h expiry - We look to Buy at 6910 (stop at 6860) We are trading at overbought extremes. A lower correction is expected. Short term bias is mildly bullish. The trend of higher lows is located at 6881. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets...
European markets bounced back to finish higher and provide a stronger start to the US session. The US was mixed with the DOW higher while Tech was lower as traders now re-focus on inflation and higher interest rates. This can be seen through support into the USD and higher US Bond yields. As the banking crisis takes a backseat in the news, I expect traders will...
test this stuff again 17/03 /2023 hoping for green but orange would be a more likely wave form
Hello we are part of a new community called lucky trading club in tradingview so let's begin our first analysis. Asx200 will be crash, we have a eqh on 7600 with a lot of liquidity it was already taken last friday, also we have an harmonic pattern in the range of 7500-7650. This is asx200 ATH when all institution begin to sell gradually, inflation still growing...
A review of the price action from the European session and the US session. European markets were hammered lower on the back of concerns for Credit Suisse and the broader banking sector. The DAX and UK100 were hit hard while the key US indexes held up well considering the fear in Europe. I expect that there may be some catchup from the US if things get worse and...
Not looking to great in the Australian market, potentially the opportunity to get once in a life time mining stocks relating to energy. . . Keep an eye on Canada and Australia.
A review of the price action from the European session and the US session. Major indexes again took a big hit lower in a risk off move ahead of the Key US data release on employment. Investors feel it is hard to take up the slack of higher prices when labour market is at capacity and the consumer becomes more reluctant to spend. Inflation and rate rise...
A review of the price action from the European session and the US session. Major indexes were generally range bound to mildly higher. Inflation and rate rise expectations kept the major indexes under pressure with the focus now on the major US employment data release. The USD held onto the recent gains while US bonds held onto the recent lows. I remain of the...
ASX200 - 24h expiry - We look to Sell at 7373 (stop at 7409) Buying pressure from 7264 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further...
Looking at the technical picture of the Australian index ASX 200, we can see that from around the beginning of February, the index has been trading inside a falling wedge pattern, which could be classed as a bullish indication, especially if the upper side of that pattern gets violated. Today we saw that violation and the index made a strong move to the upside. In...
A review of the price action from the European session and US sessions which gave us some choppy price action but generally bullish from a weak open both in Europe and the US. To me, markets remain under pressure but bulls continue to provide support on pullbacks. There is no fear driven selloff which shows that bargain hunters still believe in a longer term move...
In the short-run, ASX 200 may continue drifting lower, while trading within a falling wedge pattern. Although this pattern tends to be a bullish indication, as long as the boundaries of that barrier are respected, the slide may continue. But, don't forget that... Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading...
The ASX 200 had a great start to the year, but has since seen prices pull back from tis YTD highs. Yet is we zoom out, the daily trend remains bullish overall, and prices during the recent decline appear to be corrective. It's pullback has also found support around a cluster of support levels including the 38.2% Fibonacci retracement, 50-dy EMA, monthly pivot...
A look at the price action from the European and US sessions and what that may mean for the Asian session open after some stronger than expected US CPI data showing 'sticky inflation'. I look at some key levels to watch and the price action setups I expect to play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
BETAAUS200 Formed a W Formation. We still need a strong break above the neckline before we see any potential upside. 7>21>200 RSI >50 Target 143.00 Bullish ABOUT: BetaAUS200 is a financial term that refers to the beta (a measure of volatility or risk) of the Australian Securities Exchange (ASX) 200 index. The ASX 200 index is a benchmark index that tracks...
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ASX200 - 24h expiry - We look to Buy at 7490 (stop at 7455) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a bottom. The medium term bias remains bullish. Preferred trade is to buy on dips. Further upside is expected although we prefer to buy into dips close to the 7490...
With the ASX200 testing the ATH's seen in August 2021, the question of what exactly is driving the flows has been asked more liberally by clients - While we can point to macro factors, such as a belief that we're closer to an end in the hiking cycle, USD weakness, and a China re-opening, our analysts look at 7 of the key attractions driving the strong performance...