I suspect it could be a case of now or never for ASX bulls.
Whilst it suffered its worst day in 9-weeks on Thursday, this could be part of an ABC correction and the 200-day MA is nearby as a probably support level, even if it breaks lower today. Futures markets shows heavy volume occurred around yesterday's lows (bears piled in around the lows) yet sentiment...
AUDNZD is in long term bearish trend. And currently trading at strong area of value. The area is currently acting as a strong resistance along with the resistance from trend. Will AUDNZD continue its downward trajectory?
The possible 'sympathy bounce' towards 7300 highlighted last week played out nicely. Whilst we're on guard for bearish momentum to return as part of the seasonal 'sell in May and go away', we retain a bullish bias over the near-term.
Prices have since pulled back from those highs and price action on the intraday chart appears to be corrective, in the form of a...
Whilst prices are expected to open lower, we’re on guard for a small countertrend bounce. A bullish hammer formed on the daily chart at the lower Bollinger band which found support at the 50% retracement level and 200-day EMA. A bullish divergence has formed on the RSI (2) within the overbought zone. A break above yesterday’s high could potentially see it retest...
Traders are looking ahead at the RBA meeting (2 May 14:30 AEST) and reviewing where the balance of risk sits, as well as the propensity for volatility. As always, the need to manage the risks when holding exposures over news is of clear importance.
From a volatility perspective, AUDUSD 1-week (options) implied volatility sits at 11.2% - the 20th percentile of the...
Time – 4 April @ 14:30 AEDT
In the March RBA meeting minutes, the RBA noted policy was now in restrictive territory and they would “reconsider” the case for a pause in the April meeting. Is there enough new information to compel this pause?
Market expectations - hike or a pause?
The market prices just 4bp of hikes for this meeting, equating to a 16% chance of...
Hello Traders,
I hope you are all doing well.
The AUS200 has broken resistance on the 4 HR. Question is will price continue or is this a fake out?
The MACD signal is overbought, so I would wait for price to retest resistance area and see some bullish momentum candlesticks.
My advice wait and have patience to see what the price will do.
What are your...
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...
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...
Looking at FX 1-week implied (options) volatility, we are guided by how the market sees the upcoming event risk impacting how far price can extend and subsequently our potential trading environment. It’s the percentile rank that jumps out here, as most FX pairs and gold are closer to the bottom end of their own 12-month range – in essence, the market is not...
We roll into the new trading week, with 1-week FX volatility surprisingly sanguine, where we see most levels trading in the 25-50th percentile of its 12-month range. AUDUSD, USDCHF and USDJPY seem to have the highest implied move - so this is where to look for potential movement (based on Friday’s closing levels). XAU is expected to hold a range of 1899 to 1832...
A quick video to mention the slight difference between this pattern and the Dow Jones.
Most people don't care about their portfolio oscillating within these moves.
If you are trader or investor that likes to swing trade however, then this might be of interest to you.
Don't forget to check out the Dow Jones version down below.
Short Stop: 7656.
Remember to...
Possible top occurring on the Aussie SPI. Currently following a roadmap from last year.
Turns early in the month are also common, especially the 3rd of the month.
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...
📈 AUS200 Unstoppable
📈 Nearest strong support zone: around the 0.786 level of the downward wave.
📈 Nearest strong resistance zone: around the 0.886 level of the downward wave.
📈 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
📈 Price action: the AUS200 has been positively distinguishing itself from other stock indices for...
