CHN50 to continue in the upward moveCHN50 - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 12850 will confirm the bullish momentum.
The measured move target is 12950.
We look to Buy at 12700 (stop at 12600)
Our profit targets will be 12950 and 13000
Resistance: 12850 / 12900 / 12950
Support: 12750 / 12700 / 12650
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 (โOAPโ) 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.
CHINA50 trade ideas
CN50 dips continue to attract buyers.CN50USD - 24h expiry
Price action has stalled at good support levels and currently trades just above here (12550).
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move through 12650 will confirm the bullish momentum.
The measured move target is 12800.
We look to Buy at 12550 (stop at 12450)
Our profit targets will be 12800 and 12850
Resistance: 12650 / 12750 / 12800
Support: 12600 / 12550 / 12500
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 (โOAPโ) 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.
Chinaโs Year of the Dragon Proving Lucky: Bull Flag on CN50The year of the dragon is proving lucky for Chinese stocks. Since mid-January, the FTSE China A50 Index, representing the top 50 companies in China's A-share market, has rallied more than 18%.
Letโs delve into the driving forces behind this resurgence in Chinese stocks and the emerging trend continuation pattern observed on the price chart of the China A50.
Exploring the Catalysts Behind China's Equity Market Rally
Here's a brief overview of the pivotal factors propelling the recovery in Chinese stocks this year:
Government Intervention: China's government is openly buying stocks to stabilise the market and influence indices. This public approach contrasts with past discreet actions. Entities like Central Huijin Investments are increasing their holdings in Mainland stocks, particularly mega-cap companies, which has boosted investor confidence.
Global Investors Returning: Despite previous concerns such as trade tensions and regulatory issues, investors are gradually reallocating to Chinese equities.
Supportive Policies: The State Council's issuance of "9 Key Points" to enhance China's capital markets has demonstrated a commitment to improving corporate governance and encouraging dividend payments.
Economic Recovery: China's GDP growth is improving, with Q1 2024 exceeding expectations. Consumer confidence is rising, evidenced by increased spending on services like travel, both domestically and internationally.
Bull Flag Forming on China A50 Index
Two indictors are all you need to analyse the China A50 index:
Keltner Channels: This indicator wraps 2.25 ATRโs around a 20 day exponential moving average (EMA). Having pressed into the upper band at the start of the month, prices have started reverting back to the mean. Price action during the pullback has seen the market form a series of tight range days โ creating a small descending retracement channel also known as a โbull flagโ.
200-Day Moving Average: This long-term moving average provides important context. Despite a sustained rally this year, the China A50 index has only recently moved above the 200-day MA. The 200-day MA is also sloping down โ indicating that whilst Chinese stocks are recovering in the short-term, the longer-term trend in this market remains bearish.
China A50 Index (CN50) Daily Candle Chart
Past performance is not a reliable indicator of future results
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
CN50 to continue in the upward move?CN50USD - 24h expiry
The trend of higher lows is located at 11800.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 12800 will confirm the bullish momentum.
The measured move target is 12900.
We look to Buy at 12650 (stop at 12550)
Our profit targets will be 12900 and 12950
Resistance: 12800 / 12850 / 12900
Support: 12700 / 12650 / 12600
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 (โOAPโ) 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.
CHINA 50 INDEX Bearish side money heist planMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of CHINA 50 index Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target ๐ฏ Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
support our robbery plan we can make money & take money ๐ฐ๐ต Join your hands with US. Loot Everything in this market everyday.
CHINA A50 on the 1W MA100 after 2.5 years! Ultimate Bull test!When we looked at the China A50 index (CN50) last year (December 21 2023, see chart below), we got the best buy entry possible on more than 1 year span:
Our long-term Target at the time of 13000 is almost hit but it now time to re-evaluate our perspective as the index not only hit the top of its almost 2-year Falling Wedge but more importantly made contact with the 1W MA100 (green trend-line) for the first time in almost 2.5 years (since the week of December 28 2021).
This is the ultimate test for the Chinese market. A closing above that Resistance cluster, will turn us bullish again, targeting the 1W MA200 (orange trend-line) at 14250. Until that closing happens, we turn bearish on the medium-term, targeting 11850 (just above the 0.5 Fibonacci retracement level).
It has to be mentioned that the 1W RSI has already made a bullish break-out above its 3-year Lower Highs trend-line, potentially hinting finally towards a long-term trend change to bullish.
-------------------------------------------------------------------------------
** Please LIKE ๐, FOLLOW โ
, SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
๐ ๐ ๐ ๐ ๐ ๐
CN50 to continue in the upward move?CHN50 - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 12550 will confirm the bullish momentum.
The measured move target is 12700.
We look to Buy at 12400 (stop at 12300)
Our profit targets will be 12650 and 12695
Resistance: 12550 / 12600 / 12650
Support: 12450 / 12400 / 12350
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 (โOAPโ) 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.
Fading weird exubernaceFundamentals & Sentiment
ChinaA50:
The pop higher yesterday didn't have any viable reason behind it. The data came out mixed.
Technical & Other
Followed the price action trigger to guess how the market interpreted the data.
USD:
The trade is meant to be very short-term, while USD paired with index shouldn't be that sensitive to forex volatility. Hence, the risk of the BoJ intervention is reduced.
Setup: TR(B)
Setup timeframe: 1h
Trigger: 15mh
Medium-term: Sideways
Long-term: Uptrend
Min target: range highs
Risk: 0.86% (<0.5R)
Entry: Market
CHINA A50: Make or break time on the 1W MA50.The China A50 index (CN50) is giving us excellent return on our bullish position since our last post (December 21 2023, see chart below), even though it hasn't reached the 13000 Target:
It is time to take profits on this amazing rally as the index has hit and got rejected twice already on the 1W MA50 (blue trend-line). This is a sign of weak momentum and as long as it fails to close a 1W candle above the 1W MA50, we are bearish towards the 0.382 Fibonacci at 11700. If it does manage to close above it though, we will take the loss and buy instead, targeting the 1W MA100 (green trend-line) at 12700.
Note that the 1W MA100 has been intact as a Resistance since the week of December 28 2021, so if broken the index will enter a new long-term Bull Cycle. Notice also the Lower Highs on the RSI. This week we may have a break-out, the first sign of an upcoming long-term Bull Cycle.
-------------------------------------------------------------------------------
** Please LIKE ๐, FOLLOW โ
, SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
๐ ๐ ๐ ๐ ๐ ๐
CHN50 to breakdown?CHN50 - 24h expiry
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
The primary trend remains bearish.
Short term momentum is bearish.
We look for losses to be extended today.
A break of the recent low at 11356 should result in a further move lower.
We look to Sell a break of 11345 (stop at 11465)
Our profit targets will be 11045 and 10965
Resistance: 11430 / 11500 / 11574
Support: 11356 / 11300 / 11200
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 (โOAPโ) 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.
Chinese Stocks: Government-Backed Rally Boosts New Year OptimismAs China ushers in the Year of the Wood Dragon this weekend, government-backed initiatives are breathing life into the country's struggling stock market.
The Fall: A Crisis of Confidence
In the lead-up to the Chinese New Year, Chinese stocks faced significant headwinds, prompting a decline that wiped out nearly $2 trillion in market value. Several factors contributed to this downturn, including a lack of confidence among global investors, concerns over economic growth, an unresolved property sector crisis, and diplomatic tensions between Beijing and Washington.
Investors, once enticed by China's rapid economic growth, found themselves grappling with three years of grinding losses. The benchmark MSCI China stock index has plummeted more than 60% from its early 2021 peak, reflecting the challenging environment faced by the Chinese stock market.
The Bounce: A Glimpse of Optimism Amidst Challenges
However, as the Year of the Wood Dragon dawns, there are signs of a potential turnaround. Recent market dynamics indicate a rebound, with small-cap and tech companies leading the charge. The China Securities Regulatory Commission's commitment to guide institutional investors and encourage share buybacks has injected a sense of optimism into the market.
Amidst the long-term downtrend reflected in the China 50 index, recent price action suggests the possibility of a more sustained bounce. The market has broken its pattern of lower swing highs and lower swing lows, establishing new higher swing lows and higher swing highs. Notably, the price has surged above the 50-day moving average for the first time in over four months, signalling a potential shift in momentum.
Technical indicators add weight to the argument for a potential market rebound. Bullish divergence on the Relative Strength Index (RSI), where the RSI forms higher swing lows while the market trended lower, hints at underlying strength. Furthermore, the Parabolic SAR has moved below the price due to a recent rally, suggesting a change in the short-term trend.
While traders should be mindful that established trends take considerable time and effort to change, the recent positive developments bring a glimmer of hope as the Chinese New Year festivities begin.
China CN50 Index: Daily Candle Chart
Past performance is not a reliable indicator of future results
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.01% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
CN50 to continue in the upward move?CHN50 - 24h expiry
There is no indication that the rally is coming to an end.
The RSI is trending higher.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 11500 will confirm the bullish momentum.
We look to Buy at 11350 (stop at 11250)
Our profit targets will be 11600 and 11650
Resistance: 11500 / 11600 / 11650
Support: 11400 / 11350 / 11300
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 (โOAPโ) 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.
CHN50 to see a temporary move higher?CHN50 - 24h expiry
There is no indication that the selloff is coming to an end.
Further downside is expected.
Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 11000 will confirm the bearish momentum.
We look to Sell at 11100 (stop at 11200)
Our profit targets will be 10850 and 10800
Resistance: 11100 / 11150 / 11200
Support: 11000 / 10900 / 10850
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 (โOAPโ) 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.