{"id":168793,"date":"2020-04-16T06:35:35","date_gmt":"2020-04-16T10:35:35","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=168793"},"modified":"2020-04-16T06:25:06","modified_gmt":"2020-04-16T10:25:06","slug":"au200-analysis-technical-setup-bullish-for-au200","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/au200-analysis-technical-setup-bullish-for-au200\/","title":{"rendered":"AU200 Analysis: Technical setup bullish for AU200"},"content":{"rendered":"
April 16, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

Technical setup bullish for AU200<\/strong><\/p>\n

Australia\u2019s economic data in the last couple of weeks didn\u2019t improve much: consumer confidence fell in April whereas balance of trade decline was not as steep as feared. The Westpac Bank Consumer Confidence Index for Australia fell 17.7% in April after 3.8% deterioration in March when a 15% decline was forecast. At the same time business confidence deteriorated much more than expected: the National Bank of Australia business confidence index fell to -66 in March from -4 in February, when a decline to -15 was expected. Weak data are a downside risk for AU200. However against the background of expanding coronavirus infection Australian government announced two additional spending programs to aid its economy. On March 22, a second stimulus package worth $54.2 billion was adopted, followed by third stimulus package of $79 billion on March 30 including a plan to offer businesses payments of $913 every two weeks to cover payrolls. Similar fiscal and monetary stimulus programs of major economies boosted investor confidence which was translated into a rebound in stock markets. Recovering risk appetite is bullish for AU200.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
Indicator<\/th>\nVALUE<\/th>\nSignal<\/th>\n<\/tr>\n<\/thead>\n
RSI<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MACD<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Donchian Channel<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MA(200)<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
Fractals<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Parabolic SAR<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Fibonacci<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Summary of technical analysis<\/h2>\n\n\n\n\n\n
Order<\/b><\/td>\nBuy<\/td>\n<\/tr>\n
Buy stop<\/b><\/td>\nAbove 5529.01<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nBelow 5001.80<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Technical setup bullish for AU200 Australia\u2019s economic data in the last couple of weeks didn\u2019t improve much: consumer confidence fell in April whereas balance of trade decline was not as steep as feared. The Westpac Bank Consumer Confidence Index for Australia fell 17.7% in April after 3.8% deterioration in March when a 15% […]<\/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-168793","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168793","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=168793"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168793\/revisions"}],"predecessor-version":[{"id":168804,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168793\/revisions\/168804"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=168793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=168793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=168793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}