FTSE China A50 Index approaching resistance level
The price of FTSE China A50 Index in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Australia 200 Index – resistance line breached
This trade steup on Australia 200 Index is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 7384.2068.
Possible breach of support level by Hong Kong 50 Index
Hong Kong 50 Index is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Hong Kong 50 Index continues in its […]
FTSE China A50 Index – support line broken at 2024-01-16T04:30:00.000Z
FTSE China A50 Index has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of FTSE China A50 Index testing 10875.0683 within the next 5 hours. But don’t be so quick to trade, it has tested this line in the past, so you should […]
Will Australia 200 Index have enough momentum to break support?
Australia 200 Index is heading towards the support line of a Flag and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, […]
A possible start of a bullish trend on FTSE China A50 Index
FTSE China A50 Index has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we may see the price of FTSE China A50 Index testing 11159.9520 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you […]
Hong Kong 50 Index – getting close to psychological price line
Hong Kong 50 Index is moving towards a key support level at 16053.5000. This is a previously tested level for Hong Kong 50 Index. This could be a good trading opportunity, either at the spot price, or after breaching this level.
Triangle breakout on Australia 200 Index
This trade steup on Australia 200 Index is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 7382.7395.
Hong Kong 50 Index approaching support of a Falling Wedge
Hong Kong 50 Index is heading towards the support line of a Falling Wedge and could reach this point within the next 9 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout […]
Hong Kong 50 Index approaching support of a Channel Down
Hong Kong 50 Index was identified at around 16207.5 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the […]