- Analisis
- Analisis Teknikal
Indeks Saham Australia Analisis Teknikal - Indeks Saham Australia Berniaga: 2019-07-05
Improving trade surplus bullish for AU200
Trade surplus and retail sales rose in Australia. Will the AU200 stock index continue advancing?
Recent economic data from Australia were positive: Australia's retail sales rose in May and trade surplus hit record high. Retail sales rose by 0.1% in May after 0.1% decline in April, driven by stronger spending in restaurants and on household goods. Australia's trade surplus rose to a record A$5.745 billion in May following A$4.820 billion surplus in April, as exports rose by 4%, while imports rose by 1%. The increasing export was supported by rising prices for commodities as well as weaken currency as the Reserve Bank of Australia lowered interest rates. The Reserve Bank of Australia cut interest rates for the second time in as many months on Tuesday to 1.00%, down from 1.25%, adding to a cut in June. Rising trade surplus and consumer sentiment is bullish for Australia’s stock market index.
On the daily timeframe AU200: D1 is gaining after hitting seven-month low in the end of February.
- The Donchian channel indicates an uptrend: it is widening upward.
- The Parabolic indicator has formed a buy signal.
- The MACD indicator is above the signal line and the gap is widening, which is a bullish signal.
- The RSI oscillator is rising and is reaching the overbought zone.
We believe the bullish momentum will continue after the price closes above the upper boundary of Donchian channel at 6768.61. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower Donchian boundary at 6605.31. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (6605.31) without reaching the order (6768.61), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Technical Analysis Summary
| Position | Buy |
| Buy stop | Above 6768.61 |
| Stop loss | Below 6605.31 |
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Perhatian:
Kajian berikut adalah berdasarkan maklumat kognitif dan diterbitkan secara percuma. Semua maklumat, terkandung dalam semakan semasa, diperolehi dari sumber umum, diakui sebagai tidak tepat sepenuhnya. Oleh yang demikian tidak dijamin, maklumat yang dipaparkan adalah tepat dan lengkap sepenuhnya. Ulasan kemudian tidak dikemaskini. Segala maklumat pada setiap ulasan, seperti ramalan, petunjuk, carta dan seumpama dengannya, hanya disertakan bagi tujuaan rujukan, dan bukan sebagai nasihat kewangan atau cadangan. Kesemua teks dan sebahagian darinya, dan termasuk juga carta, sesama sekali tidak boleh digunakan sebagai cadangan untuk membuat sebarang transaksi untuk sebarang saham. Syarikat IFC Markets dan pekerjanya tidak akan bertanggungjawab di bawah mana-mana keadaan untuk segala tindakan yang diambil oleh sesiapa selepas atau semasa ulasan.
