UK100 is moving towards a line of 7353.5000 which it has tested numerous times in the past. We have seen it retrace from this position 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 may see it move towards 7353.5000 within the next 8 hours.
Related Posts
Because Nikkei 225 formed a Channel Down pattern, we expect it to touch the support line. If it breaks through support it may move much lower
Nikkei 225 is moving towards a support line. Because we have seen it retrace from this line before,…
DAX 40 – approaching a price line that has been previously tested numerous times in the past
DAX 40 is heading towards a line of 20369.0000. If this movement continues, the price of DAX 40…
CAC 40 formed a Rising Wedge on the 4 hour chart. Retest of resistance in sight.
A Rising Wedge pattern was identified on CAC 40 at 7491.1, creating an expectation that it may move…