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...
ASX200 is at a double top, if momentum holds this would be a powerful breakout the chart lines up for a market exhaustion at tax time =)
ASX200 - 22h expiry - We look to Buy at 7468 (stop at 7411) The medium term bias remains bullish. Bespoke support is located at 7468. This over-extended move shows no sign of slowing. Preferred trade is to buy on dips. Our profit targets will be 7588 and 7625 Resistance: 7531 / 7588 / 7620 Support: 7468 / 7447 / 7395 Risk Disclaimer The trade ideas...
Target 1 remains at 7,814 for the ASX200 (AU200) We based the decision on a large Rounding Bottom that formed in 2022. Now we have a new Cup and Handle form. 7 >21 >200 MA RSI >50 - Upward momentum - Bullish Funny enough, the target remains at 7,814. BULLISH
DRE looks good for a move higher...I expect that sceptical ASX investors are holding it back...maybe needs some more work above 0.087 support
The ASX200 is bias up ahead of the CPI release today....into previous resistance and highs so may react lower again but for now is looking nicely supported.
ASX200 - 24h expiry - We look to Buy at 7105 (stop at 7065) We are trading at overbought extremes. A lower correction is expected. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 7220 and 7280 Resistance: 7340 / 7590 / 7800 Support: 7140 / 6965 /...
I would take a long position here but will be with smaller risk than usual because the market is at 4h resistance but there could be a chance for another push up.
ASX200 - 24h expiry - We look to Sell at 7130 (stop at 7175) We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our...
ASX 200 - Westpac descending triangle breakout. High probably pattern. Target is set at 21.60. STO is low so entry price between 22.60 and 22.90. Expect levels around the 20.60 level as a take profit. Volume: pretty low showing lack of support. RSI: The new low has been confirmed by a new RSI low of 34. STO: STO is low so it may be possible to enter a little...
ASX200 prediction for end of year , traffic light system . expect extra volatility within 3-5 days either side of full moon January 6th