FRA40 has broken through a line of 5591.5000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 5710.7500 can be expected within the next 2 days.
Related Posts
A possible move on ASX 200 as it heads towards resistance
ASX 200 is heading towards the resistance line of a Channel Down and could reach this point within…
Could a large bearish move on FTSE 100 be a sign of things to come?
Those of you that are trend followers are probably eagerly watching FTSE 100 to see if its latest…
Nikkei 225 likely to test 38187.0000 in the near future. Where to next?
Nikkei 225 is approaching a support line at 38187.0000. If it hits the support line, it may break…