Get started

Asx200

AUS200 – 7632.8 in our sightsWhile the AUS200 revisits the all-time highs set in Aug 2021, the index absorbs a positive mix of sentiment towards global risk, as well as local factors, and many question if this time around we see the illustrious bullish break the bulls are positioned for. While global macro issues remain paramount, one catalyst to look towards is ASX200 1H24 earnings, with Amcor kicking the season into gear (6 Feb) and JBH (due 12 Feb) one that CFD traders will be keen to focus on. CSL (13 Feb) and CBA (14 Feb) report shortly after and both could influence sentiment with their outlooks. The Aussie banks are driving the market from an index points perspective, with materials also finding form. Importantly, we see the ASX200 bank index is flying high at present and until we see the bullish tape in the banks give way, index volatility will remain subdued, and traders will be skewed to buy weakness in the Aussie equity index.
PEPPERSTONE:AUS200Long
by Pepperstone
Is the ASX 200 about to roll over?Looking at the weekly chart, bulls may have something to worry about. The market is yet to even test 7500 let alone break above it, and each time it has tried (and failed) to do so, the ASX has fallen by double digits in percentage terms. A bearish engulfing candle formed in the first week of the year after once again faltering at those cycle highs. And if we're to see even just a 10% drop from the 2024 high it could, the index will find itself back beneath 7000. But if bears really get their way for another -16% drop, the ASX will be back around 6400. What could make that happen? Well, markets have been aggressively pricing in 5 - 7 Fed cuts this year which may not arrive. And if the wheels fall off the global economy to justify said cuts, that could also be bad for the stock market. So bulls may want to ask themselves if they want to be along at these levels, where the market is yet to every trade above it. As we could be in for a deeper pullback at the very least.
CITYINDEX:AUSTRALIA200CFDShort
by CityIndex
ASX - Australian Stock Market Also Points To A Top...Studying the Dow Jones extensively over the years has been enlightening, but unraveling the patterns within the ASX has always presented a unique challenge. Despite their differences, I believe the outcome from this juncture will remarkably mirror each other, signifying an imminent peak. Witnessing charts with distinct patterns eventually converge in their own distinctive way is truly captivating. I consider this observation crucial, offering an alternative perspective on the impending significant decline within a larger Wave E, typically preceding substantial bull markets. While the exact depth of this decline remains uncertain, I'm putting forth this idea to gauge its proximity to the actual outcome. The convergence of Dow Jones and the ASX, both hinting at an impending downturn, is likely to trigger more stimulus, potentially fueling inflation and higher rates in the future. More significantly, it should act as the catalyst for the next crypto bull market.
ASX:XAO
by AriasWave
2
ASX200: Thoughts and AnalysisPattern – 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 session. The worry is the fade we are seeing. If the price fails to hold above yesterday's open, that's also a worry. Other than that, we have the MA pointing up with an LH and a support hold after the new leg higher breakout, all showing buyer support. Let's see if we can see a confirmation bar on Monday if we get a trigger bar today. Good trading.
EIGHTCAP:ASX200Long
by Eightcap
ASX200: Thoughts and AnalysisToday'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 6885. This lines up with the bottom of the overall range. We can also see regular divergence forming with price holding at this support point. This could set off a new rally that could get back up to test 7000. If this level of support breaks and price closes below, this could break the range and set off a new overall downtrend. Are stocks a bit oversold at this point? Keep in mind we have US employment data due out this Friday. Have a great day and good trading.
EIGHTCAP:ASX200Long
by Eightcap
XBK.AX ~ Snapshot TA / ASX 200 Banks IndexChart mapping/analysis for ASX 200 Banks Index ASX:XBK Constituents: - Big 4 Banks = ASX:ANZ ASX:CBA ASX:NAB ASX:WBC - Mid Tier = ASX:BEN ASX:BOQ ASX:JDO ASX:VUK - Small Banks = ASX:ABA ASX:BBC ASX:BFL ASX:KSL ASX:MYS Note: Macquarie Group Ltd classified as Diversified Financials but also facilitates Banking ASX:MQG ASX ETFs - Pure-Play Banks: ASX:MVB - ASX Financials (Banks/Insurance Providers): ASX:OZF ASX:QFN Global Banks ETF: ASX:BNKS CAPITALCOM:AU200 ASX:XJO ASX:XFJ
ASX:XBKLong
by BlueHatInvestor
CIA ~ Snapshot TA / Psychotic Yo-Yo YOLO (Weekly Chart)Title pretty much sums up Champion Iron's recent price action lol. Reminds me of similar movements exhibited in Mineral Resources chart before getting pumped after diversifying into Lithium. Held onto a trend-line that's been running since 2015, crazy. Appears ~$8 is established resistance level, as it continues to put in Higher Lows off trend-line while 200DMA climbs higher to act as dynamic support/confluence.. ASX:CIA ASX:MIN
ASX:CIALong
by BlueHatInvestor
Coal Futures ~ Snapshot TA / Neutral-Bullish AccumulationNewcastle Thermal Coal Futures breaking out of short-term downtrend + Neutral-Bullish Accumulation around 78.6% Fib Retracement. Still within larger downtrend after steep sell-off through later half of 2022 into 2023. (Coal) embers likely re-igniting due to recent China stimulus measures & other macro-economic influences, TBC. Highlighted preliminary Trading Range 174.05-129. On watch for further price action development &/or break out of range in either direction. Boost/Follow appreciated, cheers. Futures: ICEEUR:NCF1! ICEEUR:NCF2! ASX: ASX:WHC ASX:NHC ASX:YAL ASX:SMR ASX:TER
ICEEUR:NCF2!
by BlueHatInvestor
Iron Ore Futures ~ Snapshot TA / Coiling like a Steel RollIron Ore Futures coiling like a steel roll in a series of Lower Highs & Higher Lows since October 2022. Break above 116.60 = Bullish momentum towards 134.85 (38.2% Fib Retracement) Break below 99.40 = Bearish momentum towards 77.60 (78.6% Fib Extension) Seasonality typically favours the Bulls running strong into end of year - we'll see if it still rings true this year, given China's current economic woes.. Boost/Follow appreciated. Futures: SGX:FEF1! SGX:FEF2! COMEX:TIO1! COMEX:TIO2! ASX: ASX:BHP ASX:RIO ASX:FMG ASX:MIN ASX:CIA NYSE: NYSE:VALE
SGX:FEF2!Long
by BlueHatInvestor