Hong Kong 50 Index approaching resistance of a Ascending Triangle
A Ascending Triangle pattern was identified on Hong Kong 50 Index at 16265.41, creating an expectation that it may move to the resistance line at 16399.8614. It may break through that line and continue the bullish trend or it may reverse from that line.
Either a rebound or a breakout imminent on Australia 200 Index
Australia 200 Index is moving towards a key support level at 7636.8501. Australia 200 Index has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
Australia 200 Index – support line broken at 2024-02-19T03:00:00.000Z
Australia 200 Index moved through the support line of a Triangle at 7676.919142857143 on the 1 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 7601.4700.
FTSE China A50 Index was on its way up
An unexpected large move has occurred on FTSE China A50 Index Daily chart beginning at 10847.12 and ending at 11711.82. Is this a sign of something new? What can we expect in the future?
FTSE China A50 Index approaching important level of 11561.6904
FTSE China A50 Index is moving towards a key resistance level at 11561.6904. This is a previously tested level for FTSE China A50 Index. This could be a good trading opportunity, either at the spot price, or after breaching this level.
A potential bullish movement on Australia 200 Index
The movement of Australia 200 Index towards the resistance line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Either a rebound or a breakout imminent on FTSE China A50 Index
The movement of FTSE China A50 Index towards 11433.3301 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 21 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back […]
Should we expect a breakout or a rebound on Australia 200 Index?
Australia 200 Index is moving towards a key resistance level at 7676.8701. This is a previously tested level for Australia 200 Index. This could be a good trading opportunity, either at the spot price, or after breaching this level.
Possible breach of support level by FTSE China A50 Index
A Channel Up pattern was identified on FTSE China A50 Index at 11436.69, creating an expectation that it may move to the support line at 11365.2592. It may break through that line and continue the bearish trend or it may reverse from that line.
Hong Kong 50 Index short term bearish trade setup to 15427.1299
Hong Kong 50 Index is heading towards 15427.1299 and could reach this point within the next 21 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down […]