The ASX 200 met resistance at 4400. Short retracement or narrow consolidation would be a bullish sign, suggesting a breakout. Oscillation of 63-day Twiggs Momentum around the zero line, however, would suggest a ranging market, with further tests of primary support at 4000.
The Daily chart shows the ASX 200 testing the upper border of its trend channel. Bearish divergence on 21-day Twiggs Money Flow warns of medium-term selling pressure; reversal below zero would strengthen the signal. Failure of initial support at 4320 would indicate a swing to the lower trend channel.
hello, my friend…i think the big resistance is on eurusd…tell us how you can see it for the next period(week, months)…your opinion is not an investement advice…it’s just your opinion about eurusd trading…
thanks anyway!
The key is long-term support at $1.20. Failure would be a game-changer.