Australia 200 Index – resistance line breached
Australia 200 Index has broken through the resistance line of a Triangle 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 16 days and suggests a possible target […]
Hong Kong 50 Index – getting close to psychological price line
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 10 days and may test it again […]
Australia 200 Index – getting close to psychological price line
Australia 200 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 6 days and may test it again within […]
Breach of important price line imminent by FTSE China A50 Index
FTSE China A50 Index is moving towards a line of 13742.8604 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 FTSE China A50 Index […]
Will Australia 200 Index have enough momentum to break support?
Australia 200 Index is heading towards the support line of a Channel Down and could reach this point within the next 3 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 […]
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 […]
Possible breach of resistance level by FTSE China A50 Index
FTSE China A50 Index is moving towards a resistance 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 […]
Big movement possible on FTSE China A50 Index
FTSE China A50 Index has broken through a line of 13500.8096 and suggests a possible movement to 13293.5566 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see […]
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 12 days. If it tests this line again, it should do so in the next 2 days.
Possibility of big movement expected on Australia 200 Index
Australia 200 Index has broken through a resistance line of a Falling Wedge and suggests a possible movement to 7373.5736 within the next 2 days. 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 […]