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FPG AUS200 Market Report January 29, 2025

FPG AUS200 Market Report January 29, 2025

As of January 29, 2025, AUS200 traded around 8,415.85, hovering near a key resistance level at 8,467.32. The index has been in an uptrend for several months, staying consistently above the Ichimoku Cloud (Kumo), suggesting bullish dominance.

AUS200 continues to trade above the Kumo, confirming a long-term bullish trend. However, the Tenkan-sen (Conversion Line) is flattening, indicating possible momentum loss. The Bears Power indicator is currently at 86.04, reflecting continued buying strength but with weakening momentum. The price is approaching the 8,467.32 resistance level, where previous rejections occurred. If bullish pressure remains strong, a breakout could push prices higher. However, failure to break this level could result in a pullback towards 8,224.30 (near-term support) or even 8,070.82 (major support) if selling pressure intensifies.

Market Observation & Strategy Advice:
1. Resistance Level: 8,467.32 remains the key resistance. A confirmed breakout above this level could extend the bullish trend.
2. Support Levels: The first support is near 8,224.30, while 8,070.82 serves as the major downside level.
3. Ichimoku Signals: A bearish crossover between the Tenkan-sen and Kijun-sen could signal a potential reversal.
4. Bears Power Indicator: Currently at 86.04, suggesting bullish control but with declining momentum—watch for a potential shift.
5. Trading Strategy: Consider long positions on a confirmed breakout above 8,467.32, while short positions could be considered if the price fails at resistance and shows bearish confirmation signs.

Market Performance:
Index           Last Price    % Change
S&P 500       6,064.18        +0.87%
Dow Jones   44,898.03     +0.40%
Nasdaq         19,733.59       +2.03%

Today’s Key Economic Calendar:
AU: Inflation Rate YoY
JP: Consumer Confidence
GR: Gfk Consumer Confidence
CA: BoC Interest Rate Decision

Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. All investments involve risk and past performance is no guarantee of future results. Please consult your financial advisor for personalized investment advice.

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