FPG AUS200 Market Report April 30, 2025

AUS200 is staging a rebound from the March lows, currently traded around 8085.89 and testing dynamic resistance levels. Although recent candles show strong bullish recovery, the index remains under pressure from the longer-term downtrend initiated in Q1 2025.

Price has sharply bounced from the 7220–7400 zone and is now challenging the current level at 8085.89. However, this area lies just below the 20-week EMA and middle Bollinger Band, which are acting as immediate resistance. Momentum remains bullish in the short term, as seen from the recent wide-bodied bullish candles, but faces a major hurdle at 8241.72.

The Bulls Power indicator stands at 116.81, indicating growing buying interest, though not at an extreme level. Price is still below the upper resistance and has yet to reclaim the longer-term bullish structure. Closing above 8241.72 will be critical for confirming trend reversal.

Market Observation & Strategy Advice:
1. Resistance Levels: 8241.72 – Closest resistance.
2. Current Position: 8085.89 – At key decision zone under EMA and Bollinger midpoint.
3. Support Levels: 7920.28 – Short-term support; break below here could trigger deeper correction.
4. Momentum Indicators: Bulls Power: Positive at 116.81, supporting current bullish leg. Price is still within the lower half of Bollinger Bands, facing resistance from the center line.
5. Strategy Advice:

• Aggressive trade: Look for breakout confirmation above 8241.72 to open longs.
• Conservative trade: Wait for a retest of 7920–7950 area and a bullish signal for safer entries.
• Watch closely for rejection candles or weakening volume near 8240 zone as potential short signal.

Market Performance:
Index           Last Price       % Change
S&P 500       5,560.83         +0.58%
Dow Jones  40,527.62       +0.75%

Today’s Key Economic Calendar:
CN: NBS Manufacturing PMI & Caixin Manufacturing PMI
FR: GDP Growth Rate QoQ & YoY Prel
DE: GDP Growth Rate QoQ & YoY Flash
US: Core PCE Price Index MoM