We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • The @UMich consumer sentiment report printed 99.2 this morning and helped propel a risk-on mood across markets while the $USD extended its intraday rally. Get your market update from @FxWestwater here:https://t.co/sVwGakRiY6 https://t.co/6z3JhITOsh
  • RT @LizAnnSonders: GDPNow for Q4 from @AtlantaFed now at 2%, at top end of #BlueChipConsensus https://t.co/1ds63mLqxH
  • 🇺🇸 USD Consumer Credit (OCT), Actual: 18.91B Expected: $16.000b Previous: $9.513b https://www.dailyfx.com/economic-calendar#2019-12-06
  • Heads Up:🇺🇸 USD Consumer Credit (OCT) due at 20:00 GMT (15min), Actual: N/A Expected: $16.000b Previous: $9.513b https://www.dailyfx.com/economic-calendar#2019-12-06
  • Spot FX Update: $EUR 1.1056 $JPY 108.5670 $GBP 1.3139 $CAD 1.3263 $CHF 0.9899
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.09% Gold: -1.09% Silver: -2.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/tXVk1UGkMi
  • After an incredibly quiet November, the stock market has continued to record levels. Get your market update from @PeterHanksFX here: https://t.co/LMjHf0xkgn https://t.co/4CQzuvHGRU
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.09%, while traders in France 40 are at opposite extremes with 78.67%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wAXEIzWGVz
  • The 5-week ATR on $AUDUSD is the lowest since November 2002. This pair is ready for a breakout...and breakthrough or cascade on US-China trade war could provide it https://t.co/Ort3VHmnfW
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.20% US 500: 0.99% France 40: 0.12% Germany 30: 0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/LKKY8imctK
AUS 200 Technical Analysis: Pressured toward Lower Bound

AUS 200 Technical Analysis: Pressured toward Lower Bound

2016-02-09 00:45:00
Nathalie Huynh,
Share:

Talking Points:

  • AUS 200 Strategy: Buy the dip near lower boundary for range trade
  • Momentum signals indicate further downside development
  • Range 4754-5043 firmly contains price action

AUS 200 followed London and New York stock markets to slide under a previous triple top at 4918.4, with short-term momentum hinting at further downside. This level may provide a cap to intraday price action. January’s range of 4754-5043 still firmly contains index movements.

Short-term traders could take advantage of the area below 4918.4 for upcoming volatility, all the way toward lower bound of range at 4754. Downside extensions near 4754 may facilitate dip buying.

Choppy trading is not ruled out this week amid thin Asian market, although there is slim chance for AUS 200 to climb back above the previous support trend line.

Need a hand to start trading: Free Guides

Want to read market’s momentum: Speculative Sentiment Index

AUS 200 Technical Analysis: Pressured toward Lower Bound

Daily Chart - Created Using FXCM Marketscope

Losing Money Trading Forex? This Might Be Why.

--- Written by Nathalie Huynh, Strategist for DailyFX.com

Contact and follow Nathalie on Twitter: @nathuynh

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.