AUS200 has broken through the support 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 7421.6495 may materialize within the next 7 hours.
Related Posts
Nikkei 225 is approaching a resistance line of a Channel Down. It has touched this line numerous times in the last 13 days.
Nikkei 225 is approaching the resistance line of a Channel Down. It has touched this line numerous times…
FTSE 100 – approaching a price line that has been previously tested numerous times in the past
A strong resistance level has been identified at 8791.5195 on the 15 Minutes FTSE 100 chart. FTSE 100…
DOW 30 is quickly approaching the support line of a Descending Triangle. We expect either a breakout through this line or a rebound.
DOW 30 is moving towards a support line. Because we have seen it retrace from this line before,…