Australia 200 Index approaching resistance of a Channel Up
The movement of Australia 200 Index towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Hong Kong 50 Index approaching resistance of a Channel Up
Hong Kong 50 Index is heading towards the resistance line of a Channel Up. If this movement continues, the price of Hong Kong 50 Index could test 17312.2024 within the next 7 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like […]
Dramatic change in FTSE China A50 Index. A sign of things to come?
FTSE China A50 Index has moved higher by 0.72% from 11573.68 to 11657.43 in the last 21 hours.
Hong Kong 50 Index is on the approach
Hong Kong 50 Index is moving towards a line of 17468.0195 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Hong Kong 50 Index […]
Breach of important price line imminent by FTSE China A50 Index
FTSE China A50 Index is heading towards a line of 11799.2002. If this movement continues, the price of FTSE China A50 Index could test 11799.2002 within the next 2 days. 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 […]
Rising Wedge breakout on Australia 200 Index
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 7589.1660 but consider reducing the size of your position as the price gets […]
Should we expect a breakout or a rebound on FTSE China A50 Index?
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.
Possible breach of support level by Hong Kong 50 Index
Hong Kong 50 Index is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may […]
Dramatic change in Australia 200 Index. A sign of things to come?
Australia 200 Index hits 7722.66 after a 1.22% move spanning 3 days.
Hong Kong 50 Index breakout through resistance
Hong Kong 50 Index moved through the resistance line of a Falling Wedge at 16893.906250000004 on the 1 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 17009.9926.