{"id":54642,"date":"2023-08-28T09:00:00","date_gmt":"2023-08-28T08:00:00","guid":{"rendered":"https:\/\/www.etfworld.com\/co.uk\/?p=54642"},"modified":"2023-08-28T10:18:25","modified_gmt":"2023-08-28T09:18:25","slug":"the-technical-situation-of-the-australian-spx200-index-is-interesting","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/the-technical-situation-of-the-australian-spx200-index-is-interesting\/","title":{"rendered":"The technical situation of the Australian SPX200 index is interesting"},"content":{"rendered":"\n
The technical situation of the SPX200 index<\/strong> (one of the benchmarks of the Australian stock market) looks interesting.<\/h5><\/div>\n\n\n\n\n\n\n\n
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The quotations, after having risen towards the end of July to a peak of 7,500 points, underwent a rapid correction and fell back to the 7,100-7,080 point area.<\/p>\n\n\n\n

The holding of this area, favoured by the strong short-term oversold, can trigger a fast recovery that will have a first target at 7,290-7,300 and a second target at 7,370-7,380 points.<\/strong><\/p>\n\n\n\n

A new demonstration of strength will then arrive with a return above 7,400 points<\/strong> even if, from a graphical point of view, a new directional bullish signal will only arrive with the breakout of 7,500 points.<\/p>\n\n\n\n

Dangerous instead a descent below 7,050 points<\/strong> as it could trigger a further correction towards the next graphic support located in the 6,900-6,890 points area.<\/p>\n\n\n\n

<\/figure><\/div>\n\n\n\n

Click on the image to enlarge it.<\/p>\n\n\n\n

Only the collapse of 6,825 (March minimum), however, could provoke a bearish trend reversal.<\/strong><\/p>\n\n\n\n

<\/figure><\/div>\n\n\n\n

Click on the image to enlarge it.<\/p>\n\n\n\n

The following ETFs can be used to invest in the Australian stock market:<\/strong><\/p>\n\n\n\n

Xtrackers S&P\/ASX200, ISIN LU0328474803.<\/strong> This ETF has \u20ac56m in assets under management, physical replication of the underlying and a distribution policy (with dividends being distributed annually to investors). The total expense ratio (TER) is 0.50% per annum.<\/p>\n\n\n\n

UBS MSCI Australia (hedged), ISIN IE00BWT3KS11.<\/strong> This ETF has \u20ac35m in assets under management, physical replication of the underlying (via a swap), an accumulation policy (with dividends being reinvested within the fund) and currency hedging. The total expense ratio (TER) is 0.50% per annum.<\/p>\n\n\n\n

UBS MSCI Australia (unhedged), ISIN IE00BD4TY451.<\/strong> This ETF has \u20ac186m in assets under management, physical replication of the underlying, an accumulation policy (with dividends reinvested within the fund) and no currency hedging. The total expense ratio (TER) is 0.40% per annum.<\/p>\n\n\n\n

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Disclaimer<\/strong><\/p>\n\n\n\n

The contents of these notes and the opinions expressed should in no way be regarded as an invitation to invest. The analyses do not constitute a solicitation to buy or sell any financial instrument.The purpose of these notes is financial analysis and investment research. Where recommendations are made, they are of a general nature, are addressed to an indistinct audience and lack the element of personalisation. Although the result of extensive analysis, the information contained in these notes may contain errors. Under no circumstances can the authors be held liable for any choices made by readers on the basis of such erroneous information.erroneous information. Anyone deciding to carry out any financial transaction on the basis of the information contained in the site does so assuming full responsibility.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The technical situation of the SPX200 index (one of the benchmarks of the Australian stock market) looks interesting.<\/p>\n","protected":false},"author":4,"featured_media":53920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[464],"tags":[475,185,467,476,149],"class_list":["post-54642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis-and-etfs","tag-australian-spx200-index","tag-dws","tag-index-analysis","tag-spx200-index","tag-ubs"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/54642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=54642"}],"version-history":[{"count":2,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/54642\/revisions"}],"predecessor-version":[{"id":54646,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/54642\/revisions\/54646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/53920"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=54642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=54642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=54642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}