{"id":135265,"date":"2018-10-11T10:25:16","date_gmt":"2018-10-11T14:25:16","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135265"},"modified":"2018-10-11T07:00:37","modified_gmt":"2018-10-11T11:00:37","slug":"au200-australian-stock-market-analysis-technical-indicators-bearish-for-au200","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/au200-australian-stock-market-analysis-technical-indicators-bearish-for-au200\/","title":{"rendered":"AU200 Australian Stock Market Analysis &#8211; Technical indicators bearish for AU200"},"content":{"rendered":"<div id=\"inves-1454856142\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 11, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Technical indicators bearish for AU200<\/strong><\/p>\n<blockquote><p>The Australian stock market index fell below its 200-day moving average while recent economic data were mixed. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/indices\/au200\"> AU200 <\/a> decline continue?<\/p><\/blockquote>\n<p>The Reserve Bank of Australia left the interest rate at 1.5% at its October 2 meeting. Recent economic data were mixed: the balance of trade surplus rose to Australian $1.61 billion from A$1.55 billion in August, expansion in services sector accelerated and retail sales edged up 0.3% in August. At the same time activities in construction sector shrank in September as decline in building permits and new home sales continued in August. At the same time the AU200 breached and closed below the 200-day moving average MA(200). Other technical indicators are also mostly bearish. Bearish technical indicators forecast downtrend for AU200.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/AU200_O_11October2018.png\" alt=\"AU200 fell below MA(200) 10\/11\/2018 Technical Analysis IFC Markets chart\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe <b>AU200: D1 <\/b> has fallen below the 200-day moving average MA(200).<\/p>\n<ul class=\"emailSummary\">\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/parabolic\">Parabolic indicator<\/a> has formed a sell signal.<\/li>\n<li>The <b>Donchian channel <\/b> indicates downtrend: it is widening down.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\"> MACD indicator <\/a> is below the signal line with the gap widening. This is a bearish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> stochastic oscillator <\/a> has breached into the oversold zone, this is bullish.<\/li>\n<\/ul>\n<p>We believe the bearish momentum will continue after the price breaches below lower Donchian boundary at 5876.75. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed below the upper Donchian channel at 6230.65. After placing the pending order the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. If the price meets the stop-loss level (6230.65) without reaching the order (5876.75) we recommend cancelling the order: the market sustains internal changes which were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Sell<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Sell Stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 5876.75<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 6230.65<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p><div id=\"inves-2398886084\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Technical indicators bearish for AU200 The Australian stock market index fell below its 200-day moving average while recent economic data were mixed. Will the AU200 decline continue? The Reserve Bank of Australia left the interest rate at 1.5% at its October 2 meeting. Recent economic data were mixed: the balance of trade surplus [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-135265","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=135265"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135265\/revisions"}],"predecessor-version":[{"id":135294,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135265\/revisions\/135294"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}