Australia 200 Index – support line breached
Australia 200 Index has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 6 days and suggests a possible […]
Hong Kong 50 Index approaching support of a Falling Wedge
Hong Kong 50 Index is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 16 hours.
Hong Kong 50 Index – getting close to psychological price line
Hong Kong 50 Index is moving towards a support 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 21 days and may test it again […]
Possible breach of support level by FTSE China A50 Index
FTSE China A50 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 FTSE China A50 Index continues in its […]
Hong Kong 50 Index approaching support of a Triangle
Hong Kong 50 Index is approaching the support line of a Triangle. It has touched this line numerous times in the last 16 days. If it tests this line again, it should do so in the next 3 days.
A final push possible on Australia 200 Index
Australia 200 Index is heading towards 7472.1099 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to […]
Important price line breached by FTSE China A50 Index
FTSE China A50 Index has broken through 13985.0703 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, FTSE China A50 Index may be heading towards 13741.5566 within the next 3 days.
Either a rebound or a breakout imminent on Australia 200 Index
Australia 200 Index is heading towards a line of 7472.1099. If this movement continues, the price of Australia 200 Index could test 7472.1099 within the next 17 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
7 consecutive daily bullish candles on FTSE China A50 Index
FTSE China A50 Index has moved higher after 7 consecutive daily candles from 13845.6000 to 14338.3100 in the last 10 days.
Either a rebound or a breakout imminent on Australia 200 Index
Australia 200 Index is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of Australia 200 Index could test 7544.0240 within the next 15 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did […]