Hong Kong 50 Index approaching resistance level
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 18 days and may test it again […]
Australia 200 Index is moving, act now
Australia 200 Index experienced an extremely large move that lasted 2. This movement is in the 95.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.
Possible breach of support level by FTSE China A50 Index
FTSE China A50 Index is heading towards the support line of a Channel Down. If this movement continues, the price of FTSE China A50 Index could test 11016.1861 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like […]
Possible breach of support level by Hong Kong 50 Index
An emerging Channel Down has been detected on Hong Kong 50 Index on the 1 hour chart. There is a possible move towards 16632.9086 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.