FRA40 is moving towards the resistance line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If FRA40 continues in its current trajectory, we can expect it to reach 5320.0000 within the next 22 hours.
Related Posts
US 500 is signaling a possible trend reversal on the intraday charts with price not breaching support.
Emerging Rising Wedge detected on US 500 – the pattern is an emerging one and has not yet…
Is the extremely large movement on FTSE 100 a sign of things to come?
FTSE 100 rose sharply for 51 days – which is an excessively big movement for this instrument; exceeding…
If you’re short DOW 30 you should be aware that 42145.2188 has just been breached – a level tested 3 time in the past
DOW 30 has broken through 42145.2188 which it has tested numerous times in the past. We have seen…