FRA40 has broken through a support line of a Channel Up chart pattern. If this breakout holds true, we expect the price of FRA40 to test 5439.6539 within the next 6 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.
Related Posts
US30 – approaching a price line that has been previously tested numerous times in the past
The movement of US30 towards 38767.0000 price line is yet another test of the line it reached numerous…
NAS100 is approaching 17553.2500. We expect either a breakout through this line, or a rebound.
NAS100 is moving towards a key resistance level at 17553.2500. NAS100 has previously tested this level 3 times…
Could a large bearish move on FRA40 be a sign of things to come?
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…