Australia 200 Index was on its way down
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 1.12% move on Australia 200 Index. The movement has happened over the last 20 hours. For those trend followers among you, you may think about riding this possible trend.
Hong Kong 50 Index running upward for the last 9 days
After posting 6 consecutive bullish candles in 10 days, you may start considering where Hong Kong 50 Index is heading next, a continuation of the current upward trend, or a reversal in the previous direction.
Is Hong Kong 50 Index likely to correct after consecutive bullish candles?
Due to the rate of consecutive bullish candles on Hong Kong 50 Index Daily chart we could be in for a price correction. If not, this trend could be a sign of things to come
Support line breached by Australia 200 Index
Australia 200 Index has broken through a support line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 8105.4228 within the next 7 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the […]
Hong Kong 50 Index breakout through resistance
Hong Kong 50 Index has broken through a resistance line of a Triangle and suggests a possible movement to 17422.9636 within the next 7 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see […]
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 […]