FRA40 has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 7715.0897 may materialize within the next 20 hours.
Related Posts
CAC 40 is approaching 7800.5000. We expect either a breakout through this line, or a rebound.
CAC 40 is moving towards a resistance line. Because we have seen it retrace from this level in…
ASX 200 experienced 4 consecutive daily bullish candles to reach a price of 8807.7000
ASX 200 has experienced an unusual quantity of bullish candles on the Daily timeframe. This is in the…
Nikkei 225 is signaling a possible trend reversal on the intraday charts with price not breaching support.
Nikkei 225 is approaching the resistance line of a Rising Wedge. It has touched this line numerous times…