UK100 is moving towards a line of 5943.0000 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If UK100 continues in its current trajectory, we can expect it to reach 5943.0000 within the next 3 days.
Related Posts
Because CAC 40 formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
CAC 40 is approaching the resistance line of a Rising Wedge. It has touched this line numerous times…
Important resistance line being approached by US 500. This price has been tested numerous time in the last 14 days
An emerging Triangle has been detected on US 500 on the 1 hour chart. There is a possible…
Supports and resistances are primary concepts of technical analysis. FTSE 100 is heading for an important price of 8077.4800 – read about what this could mean for the future.
FTSE 100 is about to retest a key horizontal support level near 8077.4800. It has tested this level…