Australia 200 Index – getting close to resistance of a Ascending Triangle
Australia 200 Index is moving towards a resistance line. Because we have seen it retrace from this line before, 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 5 days and may test it again within the next […]
Huge movement on Australia 200 Index, did you miss it?
Australia 200 Index has moved lower by 0.69% from 8206.3 to 8149.32 in the last 15 hours.
Hong Kong 50 Index approaching resistance level
Hong Kong 50 Index is moving towards a line of 20785.8906 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 […]
Should we expect a breakout or a rebound on Hong Kong 50 Index?
Hong Kong 50 Index is moving towards a resistance line. Because we have seen it retrace from this line before, 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 8 days and may test it again within the […]
Support breakout on FTSE China A50 Index
FTSE China A50 Index has broken through 13518.5703 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 13402.4180 within the next 14 hours.
Hong Kong 50 Index approaching important bearish key level
Hong Kong 50 Index is approaching a support line at 20174.9199. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.
FTSE China A50 Index has broken through support
FTSE China A50 Index has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we may see the price of FTSE China A50 Index testing 13585.3527 within the next 5 hours. But don’t be so quick to trade, it has tested this line in the past, so you […]
Will Hong Kong 50 Index have enough momentum to break support?
Hong Kong 50 Index is moving towards a support line. Because we have seen it retrace from this line before, 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 14 days and may test it again within the […]
Australia 200 Index approaching resistance of a Rising Wedge
Australia 200 Index is trapped in a Rising 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 support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be […]
Will Hong Kong 50 Index bounce after a massive drop?
Hong Kong 50 Index has experienced an extremely big movement in last 11 days. It may continue the trend, but this would make the move unprecedented in the recent past.