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Shunya.Trade Options Engine

Asia-Pacific Market Pre-Market Analysis

August 06, 202608:15 AM LocalReal-Time Market Data
ASX 200 (Australia)
9,146
+1.40%
Volatility Index — CBOE VIX
15.8% Moderate
ASX 200 (Australia)
Strong Bullish
9,146
+1.40%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (72.4)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (8,873), maintaining the positive short-term trend channel. Momentum is overheated at 72. While trend can override oscillators, the statistical edge for fresh longs is diminished. On the MACD front, the histogram is positive and the fast line sits above the signal line — textbook bullish configuration. Long Call leads the strategy table at 86% — directional bias and vol regime both align.
Support / Resistance
Support8,491
Resistance9,146
Moving Averages
21-day SMA8,870
50-day SMA8,808
100-day SMA8,752
200-day SMA8,778
Moving Average Trends
Golden Cross identified (50-day crossed above 200-day) — Bullish major signal
Momentum (RSI)
RSI is extremely high at 72.4 (Overbought), indicating price is extended and a pullback is likely.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price has broken above the upper Bollinger Band, indicating strong upward strength but risk of reversion.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Confluence
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)9,146
23.6%8,991
38.2%8,896
50.0%8,818
61.8%8,741
78.6%8,631
Low (100.0%)8,491
Extensions
ExtensionPrice
Ext 1.13 (Up)9,231
Ext 1.272 (Up)9,324
Ext 1.618 (Up)9,551
Ext 1.13 (Dn)8,406
Ext 1.272 (Dn)8,313
Ext 1.618 (Dn)8,086
Trade Setup
Entry
9,146
Stop Loss
9,093
Take Profit
9,251
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call86%
Buy OTM Call
Call Ratio Backspread86%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread83%
Buy Call + Sell higher Call
Market Search Previews
Key Takeaway
Monitor Asian session volume patterns for institutional positioning signals ahead of European crossover.
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⚠ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice. Options trading involves significant risk of loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.