FRA40 has broken through a resistance line of a Triangle and suggests a possible movement to 5390.0155 within the next 9 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 5 days.
Related Posts
DOW 30 is signaling a possible trend reversal on the intraday charts with price not breaching support.
Emerging Triangle detected on DOW 30 – the pattern is an emerging one and has not yet broken…
Nikkei 225 is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
Nikkei 225 was identified at around 37683.0 having recently rebounded of the support on the 30 Minutes data…
A possible move on Nikkei 225 as it heads towards resistance
Nikkei 225 is moving towards a resistance line. Because we have seen it retrace from this line before,…