ASX200 - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Momentum is flat, highlighting the lack of clear direction. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 8200 will confirm the bearish momentum. We look to Sell at 8240 (stop at 8280) Our...
AU200AUD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 8375 will confirm the bullish momentum. The measured move...
The AU200 (ASX 200) index is showing bullish potential due to several key fundamentals. Australia's economy continues to demonstrate resilience, with a strong labor market and low unemployment rate of 3.6% supporting consumer spending. Additionally, the country's resource-rich economy benefits from robust global commodity prices, particularly in key exports like...
A potential armed conflict in the Taiwan Strait poses significant geopolitical risks with profound economic implications for Australia. As a key member of the Five Eyes intelligence alliance, Australia’s strategic interests are deeply intertwined with regional stability. The potential impact of such a conflict on the Australian economy. Economic Impact...
ASX200 - 24h expiry Indecisive price action has resulted in sideways congestion on the daily chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 7770 will confirm the...
ASX200 - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 7800 will confirm the bullish momentum. The measured move...
ASX200 - 24h expiry The correction lower is assessed as being complete. Short term RSI has turned positive. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7825 will confirm the bullish momentum. We look to Buy at 7775 (stop at 7735) Our profit targets will be 7875 and 7895 Resistance: 7825 / 7850 /...
AU200AUD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 7800 will confirm the bullish momentum. The measured move...
AU200AUD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7800 will confirm the...
AU200AUD - 24h expiry Price action looks to be forming a bottom. Short term RSI is moving higher. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7650 will confirm the bullish momentum. We look to Buy at 7600 (stop at 7560) Our profit targets will be 7700 and 7725 Resistance: 7650 / 7675 /...
AU200AUD - 24h expiry The correction higher is assessed as being complete. We expect a reversal in this move. Risk//Reward would be good to call a sell from current levels. A move through 7725 will confirm the bearish momentum. The measured move target is 7625. We look to Sell at 7750 (stop at 7790) Our profit targets will be 7650 and 7625 Resistance:...
ASX200 - 24h expiry Pivot resistance is at 7680. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 7625 will confirm the bearish momentum. The measured move target is 7550. We look to Sell at 7650 (stop at 7686) Our profit targets will be 7560 and 7540 Resistance: 7650 / 7675 / 7700 Support:...
CAPITALCOM:AU200 chart mapping/analysis for last week of November. TBC further details/write-up via ideas section, cheers.
CAPITALCOM:AU200 chart mapping/analysis. ASX following US market lead rallying into ~7000 psychological level (50% Fib) & descending trend-line (light blue dotted) confluence zone.
Aussie Volatility Index wreaking havoc on ASX. XJO ~6500 range & XVI ~20 range marked out as area(s) of interest for potential supply/demand dynamics, TBC.
CAPITALCOM:AU200 chart mapping/analysis for short-term & intraday trades.
CAPITALCOM:AU200 chart mapping/analysis for med-long term swing trades.
The ASX 200 suffered its worst day in 10-week on the final day of May, thanks to weak China PMIs and month-end flows. The first day of June posted a very minor (almost sheepish) gain, but with a positive lead from Wall Street and SPI futures higher by ~0.66% overnight, the ASX is expected to extend its rise from the lows. The fact that the lows formed around a...