Hong Kong 50 Index is on its way up
Hong Kong 50 Index rose sharply for 16 hours – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in Hong Kong 50 Index there is a chance that we will witness a correction, no matter how […]
Australia 200 Index approaches important level of 7733.0801
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 4 days and may test it again within […]
Where is Hong Kong 50 Index moving to?
Hong Kong 50 Index has moved higher by 2.74% from 19064.81 to 19586.62 in the last 3 days.
FTSE China A50 Index short term bullish trade setup to 12785.7002
The movement of FTSE China A50 Index towards 12785.7002 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back […]
Should we expect a bullish trend on Australia 200 Index?
Australia 200 Index has broken through a line of 7790.2300. If this breakout holds true, we could see the price of Australia 200 Index heading towards 7823.0132 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the […]
Australia 200 Index – support line breached
This trade setup on Australia 200 Index is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 7682.2658.
Australia 200 Index approaches important level of 7685.8701
Australia 200 Index is moving towards a key support level at 7685.8701. Australia 200 Index has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
Extreme movement on Australia 200 Index
A movement of 0.77% over 19 hours on Australia 200 Index doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
FTSE China A50 Index – Continuation Chart Pattern – Channel Down
FTSE China A50 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 7 days and may test it again within the […]
Did you miss this move on Australia 200 Index?
Those of you that are trend followers are probably eagerly watching Australia 200 Index to see if its latest 0.86% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 4 hours move.