the price came from weekly demand zone and in daily time frame is above 20 and 50 moving average, in 30 timeframe broken market structure and formed a new uptrend. and i think it will reach 7650 on the long run.
AUXAUD Buy at HL(also trendline support intact ) Analysis at 4 hour SL , TP mention in chart
asxaud is looking great movement buy long 7070 stop loss 7048 take profit 7084
CAPITALCOM:AU200 chart mapping/analysis for last week of November. TBC further details/write-up via ideas section, cheers.
AUS200 lost the momentum on the daily chart and confirmed the downtrend on the 1h chart. It's expected to start falling.
In our previous analysis we mentioned how 7000 was an important level in the ASX market and how the breach of the level could trigger a shift in the market sentiment to bearish and signal continuation of the overall downtrend. Round numbers are of significant psychological importance and act as areas of interest attracting a lot of liquidity including stop and...
With only 5 trading days left before the monthly close; 7000 will be an important psychological level to watch. A strong break and close below 7000 could potentially trigger shorts and the resumption of the overall down-trend which could see the Aussie sink lower between today`s session into early next week? Bears Make Money; Bulls Make Money; Pigs Get Slaughtered!
Pattern – Continuation HL Support – 7035 Resistance – 7100 Hi, and thanks for checking out today's update. Today, we are looking at ASX200 on the daily chart. Today's video asks if the ASX200 will confirm a continuation price pattern we are watching develop on the daily price chart. Buyers look okay after holding support and forming a bullish bar in today's...
Since breaking below the 7125 zone on Sept the 21st; Price as now revisited the zone for the 2nd time, and again, failed to close above it creating what would seem to be a Double Top formation. As we slowly approach the end of the Month, it will be interesting to see if the bears will once again step in and drive the market lower with a red candle close for...
Hey Traders, Alike many global stock indexes, we are at strong resistance. This encourages shorts inline with new found downtrend. The AUS200 is no different.
FIRST TRADE Entry: 7041.6 Stop Loss: 7021.4 Take Profit: 7061.8 TP2: 7082 TP3: 7102.2 EMOTIONAL TRADE Entry: 7075.5 Stop Loss: 7067.5 Tp1:7083.4 Tp2: 7102.3
As price consolidates ahead of Employment Data this week, we can see that over the last few sessions, price has been hovering around the 7.000 area; an important level in the AUX Market. If the bearish forces remain dominant and price fails to break the previous Lower High; we could see a good set up for shorts over the next few trading days. However, if price...
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.
According to the failure of the desired level and the supply levels and the possibility of conflict Increasing the price and reaching the desired target is high
I feel that index all over the world has already factor in geopolitical tension and energy crisis etc.... I feel AUD200 will give good 200-300 point move from here. it also undercut last support level and I feel that it might snap back above the range. I am taking this trade for longer run. I will close or cut the total exposure if price breaks last swing low.
Solid level of horizontal support and 200dma on the ASX200 - bounceable area - lets see if we get a reversal here
Today's focus: ASX200 Pattern – Support/ Regular Divergence Support – 6885 Resistance – 7000 - 7070 Thanks for checking out today’s update. Today, we have run over ASX200, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. Interest today starts from the support hold we are watching from...
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.