AUS200 has broken through a line of 7740.0000 and suggests a possible movement to 7766.2998 within the next 5 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 22 hours.
Related Posts
ASX 200 formed a Rising Wedge on the 30 Minutes chart. Retest of resistance in sight.
ASX 200 is moving towards a resistance line which it has tested numerous times in the past. We…
FTSE 100 – It’s perhaps in these huge moves where the greatest opportunity lies
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
Nikkei 225 likely to test 37230.0000 in the near future. Where to next?
Nikkei 225 is moving towards a support line. Because we have seen it retrace from this level in…