Hong Kong 50 Index approaching resistance level
Hong Kong 50 Index is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 18 days and may test it again […]
Australia 200 Index is moving, act now
Australia 200 Index experienced an extremely large move that lasted 2. This movement is in the 95.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.
Possible breach of support level by FTSE China A50 Index
FTSE China A50 Index is heading towards the support line of a Channel Down. If this movement continues, the price of FTSE China A50 Index could test 11016.1861 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like […]
Possible breach of support level by Hong Kong 50 Index
An emerging Channel Down has been detected on Hong Kong 50 Index on the 1 hour chart. There is a possible move towards 16632.9086 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
Possible start of a bearish trend on FTSE China A50 Index
The price of FTSE China A50 Index in heading in the direction of 11437.5098. Despite the recent breakout through 11462.2598 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce […]
Australia 200 Index – Continuation Chart Pattern – Channel Down
Emerging Channel Down pattern in its final wave was identified on the Australia 200 Index 1 hour chart. After a strong bearish run, we find Australia 200 Index heading towards the upper triangle line with a possible resistance at 7822.3200. If the support shows to hold, the Channel Down pattern suggests a rebound back towards […]
Will Hong Kong 50 Index have enough momentum to break support?
A Channel Down pattern was identified on Hong Kong 50 Index at 17355.79, creating an expectation that it may move to the support line at 16981.5629. It may break through that line and continue the bearish trend or it may reverse from that line.
FTSE China A50 Index – getting close to support of a Flag
FTSE China A50 Index is approaching the support line of a Flag. It has touched this line numerous times in the last 5 days. If it tests this line again, it should do so in the next 6 hours.
Australia 200 Index – getting close to psychological price line
A strong resistance level has been identified at 8119.4502 on the 1 hour Australia 200 Index chart. Australia 200 Index is likely to test it soon.
Should we expect a bullish trend on Australia 200 Index?
Australia 200 Index has broken through a resistance line. It has touched this line numerous times in the last 7 days. This breakout shows a potential move to 8141.4209 within the next 23 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.