Hong Kong 50 Index has broken through resistance
Hong Kong 50 Index has broken through a resistance line. It has touched this line at least twice in the last 9 days. This breakout may indicate a potential move to 19836.2248 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of […]
Resistance line breached by Australia 200 Index
Australia 200 Index has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 7062.4851 may materialize within the next 5 hours.
Will Hong Kong 50 Index have enough momentum to break resistance?
Hong Kong 50 Index is heading towards the resistance line of a Triangle and could reach this point within the next 9 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t […]
Huge bullish move on Australia 200 Index
Australia 200 Index has moved higher by 0.37% from 7104.52 to 7130.52 in the last 4 hours.
Hong Kong 50 Index approaching support of a Channel Down
Hong Kong 50 Index is approaching the support line of a Channel Down. 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 15 hours.
Will Australia 200 Index have enough momentum to break resistance?
Australia 200 Index is heading towards the resistance line of a Channel Up 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t […]
Huge bearish move on FTSE China A50 Index
FTSE China A50 Index has moved lower by 2.33% from 13445.51 to 13132.74 in the last 2 days.
Breach of important price line imminent by Hong Kong 50 Index
Hong Kong 50 Index is moving towards a line of 20274.0000 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 […]
Important price line breached by FTSE China A50 Index
FTSE China A50 Index has broken through 13485.5703 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 13301.4883 within the next 2 days.
What’s going on with Australia 200 Index?
Those of you that are trend followers are probably eagerly watching Australia 200 Index to see if its latest 0.94% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 13 hours move.