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Australia 200 Index CashAustralia 200 Index CashAustralia 200 Index Cash

Australia 200 Index Cash

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AUS200 trade ideas

ASX200 - the bulls in control for now Everyone is talking about the moves in the FTSE100, but the ASX200 is having a moment - we see solid rate of change, the index is still no where near overbought, and we see 4 days of rising range expansion. Momentum is clearly to the upside, which suggests dips should well supported and shallow - hard to be short on timeframes 4hr+ and favour this higher but a move below the former breakout area of 7723 and I would be more cautious. (Thoughts from Chris Weston)
PEPPERSTONE:AUS200Long
by Pepperstone
AUS200A parallel channel, also known as a price channel or trend channel, is a technical analysis tool used to identify and visualize the direction and strength of a trend. It consists of two parallel trendlines that encompass price movement within a specific range over time. Here's how a parallel channel is constructed: 1. **Upper Trendline:** This line connects the highs or peaks of the price movement, acting as a resistance level. It represents the upper boundary of the price channel. 2. **Lower Trendline:** This line connects the lows or troughs of the price movement, acting as a support level. It represents the lower boundary of the price channel. When drawn correctly, these two trendlines should remain approximately parallel to each other, indicating a consistent trend direction. Parallel channels can be classified into two main types: - **Uptrend Channel:** In an uptrend channel, both the upper and lower trendlines slope upward. The price tends to make higher highs and higher lows within the channel, indicating bullish momentum. - **Downtrend Channel:** In a downtrend channel, both the upper and lower trendlines slope downward. The price tends to make lower highs and lower lows within the channel, indicating bearish momentum. Traders and analysts use parallel channels to: - Identify trend direction: Channels help traders determine whether the market is trending upward, downward, or moving sideways. - Gauge trend strength: The width of the channel can provide insights into the strength of the trend. Narrow channels may indicate a weakening trend, while wide channels suggest a strong trend. - Identify potential entry and exit points: Traders may look for buying opportunities near the lower trendline in an uptrend channel and selling opportunities near the upper trendline in a downtrend channel. It's essential to confirm the validity of a parallel channel pattern using other technical analysis tools and indicators to avoid false signals. Additionally, channels may evolve over time, so traders should regularly monitor and adjust their analysis accordingly.
OANDA:AU200AUDShort
by B9A-88652-NisarAhmad
ASX dips continue to attract buyers.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 / 7700 Support: 7625 / 7600 / 7575 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDLong
by OANDA
AUS200 - Bullish Trend on Daily time FrameAUS200 - Bullish Trend on Daily time Frame Analyzing previous data, one can see that after making HH, trend retraces to Fib 0.38 always and Fib 0.5 most of the time and Fib 0.61 occasionally. Moreover, bullish trend continues for 10 to 12 days and then re-traces for 3 to 5 days. And then again it resumes its upward trend. Therefore, two types of trades can be taken:- 1. Long Trade while it is in uptrend, 2. Short trade while it is retracing. Since here we are talking on Daily time frame, therefore, one can take trades comfortably.
CAPITALCOM:AU200
by Golden_Spur
indices looks hot these days The inverse head and shoulders chart pattern is a bullish chart formation that signals a potential reversal of a downtrend. It is the opposite of the head and shoulders chart pattern, which is a bearish formation.2 The inverse head and shoulders chart pattern consists of three (3) troughs: the first and third troughs are roughly equal in depth and are known as "shoulders", while the second trough is deeper and is called the "head". A Description of the Inverse Head and Shoulders Chart Pattern This chart pattern formation is commonly used in technical analysis to predict the reversal of a downtrend. It is a bullish signal that is essentially the reverse of the regular head and shoulders chart pattern, which is a bearish indicator. The structure of the inverse head and shoulders chart pattern is described as follows: Left Shoulder: After a downtrend, the price of the respective asset makes a low and then rallies to a higher point, forming the left shoulder. Head: Following the formation of the left shoulder, the price declines to a point lower than the left shoulder and then rallies again, forming the head. Right Shoulder: Finally, the price declines again but not as low as the previous decline or the head, and then rallies one more time, forming the right shoulder. The right shoulder is typically roughly equal in depth to the left shoulder. Neckline: A trendline is drawn connecting the high points (or "peaks") after the formation of each shoulder and the head. This line serves as a level of resistance that the price must break through to confirm the pattern. The Theory is taken From the below link www.investopedia.com but Stops below 6935 on DCB and target 7900 looks achievable on 1D timeframe, which is 1:3 RR. please do your own study. All the best. Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe.
OANDA:AU200AUDLong
by Anany_shringi