Possible breach of resistance level by Australia 200 Index
Emerging Channel Up pattern in its final wave was identified on the Australia 200 Index 1 hour chart. After a strong bullish run, we find Australia 200 Index heading towards the upper triangle line with a possible resistance at 7679.0800. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards […]
FTSE China A50 Index approaches important level of 10982.5195
FTSE China A50 Index is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 10982.5195, unless it runs out of momentum and pulls back to current levels.
A potential bullish movement on Australia 200 Index
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 Australia 200 Index have enough momentum to break resistance?
An emerging Rising Wedge has been detected on Australia 200 Index on the 4 hour chart. There is a possible move towards 7623.5088 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
Either a rebound or a breakout imminent on FTSE China A50 Index
FTSE China A50 Index is heading towards the support line of a Flag 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 […]
FTSE China A50 Index approaching resistance level
The movement of FTSE China A50 Index towards 11115.5195 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 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back […]
Possible start of a bullish trend as Australia 200 Index breaks resistance
The price of Australia 200 Index in heading in the direction of 7570.1279. Despite the recent breakout through 7533.6899 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
Australia 200 Index approaching resistance level
The price of Australia 200 Index in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Hong Kong 50 Index has broken through resistance
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 15721.2461 but consider reducing the size of your position as the price gets […]
Australia 200 Index – getting close to psychological price line
The movement of Australia 200 Index towards 7533.6899 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 to […]