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ASX

Bearish potential detected for NUFEntry conditions: (i) lower share price for ASX:NUF along with swing up of the DMI indicators and swing down of the RSI indicator, and (ii) observation of market reaction at the support level at $3.71 (from the open of 13th February) after closing below 50 day MA. Stop loss for the trade would be, dependent of risk tolerance: (i) above the resistance level from the open of 18th February (i.e.: above $3.87), (ii) above the resistance level from the open of 19th March (i.e.: above $3.95), which coincides well with the 200 day MA.
ASX:NUFShort
by Ivory_Wolf
Bearish potential detected for ABBEntry conditions: (i) lower share price for ASX:ABB along with swing up of the DMI indicators and swing down of the RSI indicator, and (ii) observation of market reaction at the support level at $3.80 (from the open of 6th February) after closing below 50 day MA. Stop loss for the trade would be, dependent of risk tolerance: (i) above the resistance level from the open of 28th February (i.e.: above $4.00), (ii) above the resistance level from the open of 12th February (i.e.: above $4.08), or (iii) above the resistance level from the open of 24th February (i.e.: above $4.17).
ASX:ABBShort
by Ivory_Wolf
With Dow at Resistance, it Could be Make or Break for ASX 200The Dow Jones tends to share the strongest correlation with the ASX 200, out of the three Wall Street indices. It is therefore worth noting that Dow futures formed a bearish pinbar at trend resistance on Thursday, following an intraday false break of the March low. The daily RSI (2) was also overbought by the day’s close. The March 31 low also hovers nearby for additional resistance. Given futures volumes were declining while Dow futures rose, I suspect a pullback is due. ASX 200 futures formed a hanging man candle beneath the January high, near a weekly VPOC (volume point of control). The 200-day SMA also hovers nearby. A bearish divergence has also formed on the daily RSI (2). And like the Dow, volumes were declining while ASX prices rose. Bears could fade into moves around the Jan low or 2000-day SMA with an initial target at the March high, a break beneath which assumes aa deeper pullback towards the 7939 VPOC and 7900 handle. Matt Simpson, Market Analyst at City Index and Forex.com
ASX24:AP1!Short
by CityIndex
ASX to find buyers at market price?ASX200 - 24h expiry Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Dip buying offers good risk/reward. 20 4hour EMA is at 8086. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 8090 (stop at 7995) Our profit targets will be 8345 and 8395 Resistance: 8152 / 8200 / 8321 Support: 8080 / 8037 / 7900 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
ASX 200 Rallies into Resistance ClusterIt can be useful to monitor several renditions of the same market, in order to identify higher probability support and resistance levels. And I would personally argue this becomes the more important if one trades CFDs exclusively. Today I am comparing the ASX 200 cash market (XJO) and ASX 200 futures market (SPI 200, or AP1!) alongside the forem.com AUS200 CFD. All three markets are approaching a key resistance cluster around 8,000. Neither the cash market nor futures market has broken above 8,000 yet and have several resistance levels (including a 61.8% Fibonacci ratio while the March low and December high) remain unbreached. Also note that futures volumes have been declining while prices rise, which shows a lack of bullish initiation (and also points to a short-covering rally). Therefore, my bias is to fade into moves on the AUS200 should it breach its own 8,000, with the short bias becoming invalidated with a break above the 61.8% Fib level. Matt Simpson, Market Analyst at City Index and Forex.com
ASX:XJOShort
by CityIndex
Bullish potential detected for RGNEntry conditions: (i) higher share price for ASX:RGN along with swing up of indicators such as DMI/RSI, and (ii) observation of market reaction at the potential resistance level at $2.23 (from the open of 10th April) after closing above 50 day and 200 day MAs. Stop loss for the trade would be, dependent on risk tolerance: (i) a close below the 50 day moving average (currently $2.11), or (ii) below the support level from the open of 13th January (i.e.: below $2.06), or (iii) below the support level from the open of 17th March (i.e.: below $2.03).
ASX:RGNLong
by Ivory_Wolf
Bullish potential detected for INGEntry conditions: (i) higher share price for ASX:ING along with swing up of indicators such as DMI/RSI, and (ii) observation of market reaction at the resistance level at $3.30 (from the open of 18th February) after closing above 50 day and 200 day MAs. Stop loss for the trade would be, dependent on risk tolerance: (i) a close below the 200 day moving average (currently $3.22), or (ii) below the support level from the open of 21st February (i.e.: below $3.19).
ASX:INGLong
by Ivory_Wolf
ASX to find sellers at market price?ASX200 - 24h expiry Daily signals are bearish. Daily signals for sentiment are at oversold extremes. The lack of interest is a concern for bulls. Offers ample risk/reward to sell at the market. 20 1day EMA is at 7766. We look to Sell at 7785 (stop at 7905) Our profit targets will be 7435 and 7365 Resistance: 7817 / 7865 / 7987 Support: 7716 / 7600 / 7500 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:AU200AUDShort
by OANDA
This Aussie Tech Gem Is Screaming BUY – If This Zone Holds!SDR (SiteMinder) is showing massive potential both technically and fundamentally: - Trading 75.4% below fair value - Forecasted to grow 65.36% YoY - Earnings up 28.2% p.a. over the last 5 years - Analysts expect 91%+ upside On the chart, we’re sitting right on a high-probability monthly FVG + OB zone. If respected, we could see a strong rally back toward the $6.90–$7.78 buyside liquidity levels and beyond. Key Levels to Watch: 📍 FVG support: ~$3.50 📈 Targets: $6.90 – $7.78 🧠 Confirmation needed via strong candle closes 🔥 Could be a high-reward play — but as always, DYOR!
ASX:SDRLong
by INSIDER_INTEL
Momentum Turns Against the ASXThe rally of the past two week on the ASX took a turn for the worse on Wednesday, on the warning (and official announcement) of Trump's 25% tariff on non-US cars. This has seen the ASX get caught in the negative sentiment on Wall Street. The daily chart shows that momentum has turned lower around a resistance cluster, including the December low, 38.2% Fibonacci ration and 20-day EMA. The daily RSI (2) reached a highly overbought level on Wednesday and now sits below 50, and the RSIK (14) has remained beneath 50 to show negative momentum overall. A bearish divergence also formed on the 4-hour RSI ahead of the selloff. The bias is for a move down to at least the 7930 area, a break beneath which brings the lows around 7850 into focus. Matt Simpson, Market Analyst at City Index and Forex.com
ASX24:AP1!Short
by CityIndex