FRA40 has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 13 days and suggests a possible target level to be around 8143.8886 within the next 22 hours.
Related Posts
NAS100 is quickly approaching a very important level it has previously tested numerous times in the past
NAS100 is approaching a support line at 19904.0000. If it hits the support line, it may break through…
Breach of 7744.0000 could mean a start of a bearish trend on AUS200
A strong support level has been breached at 7744.0000 on the 1 hour AUS200 chart. Technical Analysis theory…
Important price line being approached by FRA40. This price has been tested numerous times before.
FRA40 is about to retest a key horizontal support level near 7618.0000. It has tested this level 3…