AUS200 has broken through a resistance line. It has touched this line numerous times in the last 6 days. This breakout shows a potential move to 7320.2002 within the next 17 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
A Rising Wedge has formed, FTSE 100 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
FTSE 100 is heading towards the resistance line of a Rising Wedge and could reach this point within…
CAC 40 seems to be on its way to resistance – a possible opportunity?
CAC 40 is heading towards a line of 7845.1001. If this movement continues, the price of CAC 40…
FTSE 100 moves higher to 8830.28 in the last 65 days.
FTSE 100 hits 8830.28 after a 15.02% move spanning 65 days.