AU200 remains bullish following its new all-time Following a fresh all time high the index remains bullish above 8120.59, and it is likely that traders will meet declines with support.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
AU200 trade ideas
AUS200 - Short TradeOn Monday (manipulation day) price swept the previous week high (PWH) with a great sign of weakness: a market structure break (MSB).
As a target, I prefer the opposite key level
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Australian S&P/ASX 200 Index Hits All-Time HighAustralian S&P/ASX 200 Index Hits All-Time High
As seen on the S&P/ASX 200 chart (Australia 200 on FXOpen), today's candle surpassed the 8200 level, marking a new all-time high.
Positive sentiment was driven by:
→ The Federal Reserve’s decision to cut interest rates, which led to a surge in volatility and set historical records for gold prices (XAU/USD), the S&P 500 index (US SPX 500 mini on FXOpen), and others.
→ Today's positive news from the Australian labour market, showing that unemployment has not increased, and the number of new jobs created in the month exceeded expectations (actual = 47.5 thousand, forecast = 26.4 thousand).
Technical Analysis
The S&P/ASX 200 chart (Australia 200 on FXOpen) indicates price movement within converging trend lines:
→ The lower line was breached in early August amid widespread panic across financial markets. However, it later resumed its role as support, as indicated by the arrow.
→ The upper line acts as resistance, which today is reinforced by the psychological level of 8200. Despite this, the price's position near the candle's high suggests that bulls are showing persistence, at least for now.
Given that the RSI indicator is at its highest level since early August, it is reasonable to anticipate that current bullish sentiment might face increased selling pressure in the short term. If the S&P/ASX 200 (Australia 200 on FXOpen) follows a correction scenario, support could come from the previously mentioned level of 2400, as well as the 8110 level, which has shifted from resistance to support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
PATIENCTLY WAIT FOR THE AUS200 getting to our SHORT TRAPGood morning everyone.
we are waiting for the AUS200 to get into our position to short.
If the trade does not form into our position, we will focus on the US market opening tonight. It is essential.
We await the AUS fall below 8140-38 to enter our short position.
Our stop loss should be above the all-time high 8186. (Let your stop loss be a bit lengthy to accommodate fake outs which happens most of the times in the market.)
Our first target will be 8126; please note once it hits our first target, please take 50% profit
from our second target, 8103.7, and
third target 8055.7
Bullish AU200: Key Fundamentals & Probability StrategyThe 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 iron ore and coal. The Reserve Bank of Australia's supportive monetary policy, despite recent tightening to combat inflation, further underpins the positive outlook for the AU200.
I'm incorporating probability top-down analysis into my trading strategy for the AU200 to make more informed decisions and improve my chances of success. By using probability tools on my charts, I can assess the probability of price movements reaching specific levels, helping me identify high-probability trade setups.
Now let's get into the top-down process:
12M:
2W:
4H:
What are your thoughts on the AU200? Share your ideas and insights below!
ASX200 eyes a fresh record high The ASX200 is set to open this morning at fresh record highs, seven weeks after striking its previous record high of 8148 back in early August.
From here a sustained close above 8150 would open the way for the rally to extend towards weekly trend channel resistance at 8230/50ish. Conversely, a failure to sustain the break above 8150 would keep the ASX200 range bound with scope for a retest of last week's 7918 low.
ASX futures closed 53 points (+0.65%) higher this morning at 8168, indicating the ASX200 should open higher at ~8175.
PREPARE TO SHORT AUS200 once the price confirmation.Good morning Everyone, look like the AUS200 trying to reach last Week (Friday High) that would be double top. But would doubted to break old time high 8166. We are going to set up a short position once it retest at the price 8131.6-8129.2 with Stop loss at 8173.6
Target 1 at 8089.
Target 2 at 8055.8
Please note: we are not entering yet, until price confirmation
AUS200 - This is what I expect the trend for todayWe have review the market for the AUS200, but we are expecting further downtrend base on the chart which we have set up for AUS200.
PLEASE NOTE: We are not enter this trade today.
We would consider short at 8012.60, with stop loss either at 8030.40 or 8062.7
target would be 7973.60
and target 2 at 7941.50
Sell stop AUS200 at 7920.4 areaAUS200 is under pressure to the downside after failing to establish its upside momentum. The price also broke channel and trend line support indicating its strong bearish momentum. The price also failed to stay above moving averages, and seasonally, September is known as a bad month for the stock market as well.
I set my sell stop below the swing slow to catch bearish momentum and set my stop loss above the swing high on a 4 h timeframe.
Trade safe and manage your risk guys
Happy trading
AUS200 in Bullish TrendAUS200 is in bullish trend making HHS and HLs. The chart is in upward trend on daily and hourly chart. I have chosen 4H time frame for analysis. There is a bearish divergence along with bullish hidden divergence and hidden divergence is stronger than regular divergence. Also for confluence sake, the SMA of 10, 20 and 50 are in the trend support and the static support is also very strong as it was a strong resistance and SR flip occurred. It is complimenting the trend line. The Fib retracement for downward trend has also exceeded 0.618 level considering the trend to be a weak one for downward movement.
The Signal is:
EP: 8124.86
SL: 7980.71
TP: 8269.01
ASX200 to finish the month higher as stunning rebound continuesThe ASX200 finished 26 pts (-0.33%) ⬇️ yesterday at 8045 after earnings reports at home, and the US missed the mark.
However, in a repeat of Wednesday's price action, heavier losses were trimmed after month-end buying emerged around lunchtime.
Watch today for more month-end buying, which will see the ASX200 likely finish the month in the green—a remarkable recovery after being down 5.7% in early August.
ASX futures closed 46 points (0.57%) higher this morning at 8055, indicating the ASX200 cash will open higher at 8089.
AUS200/ASX200 - waiting for CPI come out soonIf the monthly consumer price index is 3.4%, as consensus, i think more room to go down.
Please refer to the set up short position at 8029-30, with stop loss at 8060. with target at 8009-7989. Please be patience and wait for data come out. as it could volatile and trigger your stop loss.
AUS200 - In bullish trendAUS200 is in bullish trend and my analysis is on an hourly chart. There is no divergence on 1H time frame. AXY (Australian Dollar Index) is falling hence giving a boost to AUS200. I have planned my entry after apply FIB @ 0.382 (Buy Limit Order).
The Signal is:
EP: 8088.10
SL: 8036.56
TP: 8139.60
ASX200 recovery under review With two weeks left in August, the ASX200 is down 1.50% MTD after being down a hefty 5.7%.
The ASX200’s rebound from the 7600/7500 support area which includes the 200 day ma highlights its importance as the downside level to watch going forward. While the focus has switched to the topside, a retest of the 7600/7500 support area before year end is a strong possibility with an eye on the seasonally challenging month of September.
ASX futures closed 14 points (-0.18%) lower on Saturday morning at 7898, indicating the ASX200 cash will open lower at 7965.
AUS200 - In Bullish Trend (Multi Time Frame Analysis)This index is bullish on a daily time frame and a resistance and support level are drawn (purple rectangle). The bullish trend is also denoted by a purple trend line. There was a divergence on 1D time frame which resulted in a downward trend for few days but after that it again got back in bullish trend. On hourly chart there was a bullish diversion which reversed the trend back to bullish which can been seen from daily time frame. A trend line is also drawn on an hourly chart along with an ABCD bearish reversal harmonic. Currently there is no divergence on a hourly chart but there is one on 15m that would result in a form of correction in the trend on hourly chart. I have placed my order of Buy Stop on 15m time frame because the probability is high for an upward trend till it test the 1D resistance level.
The Signal is:
EP: 7966.60
SL: 7916.80
TP: 8016.40
RR: 0.25%
Strong Bullish Outlook Amid Potential 1W Support RetestHello Everyone,
We’ve reached our previous target of 8123 for AUS200, and the price is once again testing the lows, preparing for another upward push. However, there’s currently a strong likelihood that the price may retest the 1-week support structure. Despite this, our long-term outlook remains strongly bullish!
TradeWithTheTrend3344