News & Analysis at your fingertips.

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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
More View more
Real Time News
  • Bitcoin probing Fibo support zone ~42,588 #Bitcoin $BTCUSD
  • EUR/USD extends the series of lower highs and lows from the previous week as European Central Bank (ECB) officials defend the dovish forward guidance for monetary policy. Get your $EURUSD market update from @DavidJSong here:
  • There are reasonable disputes over where technical boundaries exist from people with different views, charts, time frames, etc. I think this $SPX gap down and drive below the 50-day SMA clearly qualifies as a break
  • Some people like a quiet market that edges higher consistently day in and day out. I am not one of those people. I like volatility
  • 🇺🇸 NAHB Housing Market Index (SEP) Actual: 76 Expected: 74 Previous: 75
  • The Fed has a rate decision on Wednesday which means that they’re in a blackout period now, preventing the possibility of Fed-speak to perk markets up until we hear the rate decision later this week. Get your market update from @JStanleyFX here:
  • Heads Up:🇺🇸 NAHB Housing Market Index (SEP) due at 14:00 GMT (15min) Expected: 74 Previous: 75
  • quick write-up ahead of the us equity open
  • Airliners hitting session highs following these reports - IAG +7.7%
  • US to relax EU/UK travel restrictions for vaccinated - FT
ASX 200 Technical Analysis: Decline Stalls as 5,100 Provides Support

ASX 200 Technical Analysis: Decline Stalls as 5,100 Provides Support

Oded Shimoni, Junior Currency Analyst

Talking Points:

- Index quickly bounced after seemingly finding support at 5,100

- The ASX 200 might see further weakness if 5,200 acts as resistance

- A break below 5,100 could potentially expose the 5,000 level

Avoid Common Trading Mistakes with “Traits of Successful Traders” series

The ASX 200 appears to have found some support after six consecutive days of declines. The index blasted through support at 5,300 and 5,200 before quickly rejecting higher from the 5,100 level to close above its 200 day SMA.

The Index has been trading for the past months in a well-defined range between the 5,380 resistance and the 4,750 support, which coincided with the 0.618 Fib level of the long term up trend from 2012.

The move to the downside seemed to have been initiated following a failed break to the topside after forming a “bearish engulfing” pattern on the 5,380 resistance.

At this stage, it looks like the index might test the 5,200 level which could cap gains on a “support turned resistance” basis. If that’s the case there might be further weakness ahead, but further momentum may need to see a clear break and a push away from the 5,100 support and the 200 day SMA.

A move below 5,100 could potentially put the spotlight on a possible support at the 5,000 handle, followed by the 4,900 prior support. The big range lows between 4,800-4,750 might be a big hurdle as well if the index continues to the Southside.

With that said, if price manages to move higher and close above 5,200 this may expose the 5,300 resistance. A clear break above might put the focus again the long term range top at 5,380.

ASX 200 Daily Chart: June 17, 2016

ASX 200 Technical Analysis: Decline Stalls as 5,100 Provides Support

--- Written by Oded Shimoni, Junior Currency Analyst for

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