empty
 
 
nl
Ondersteuning
Direct openen van een account
Trading Platform
Storting/opname

12.12.202407:54 Forex Analyse & Reviews: Technical Analysis of Daily Price Movement of Hang Seng Index, Thursday December 12, 2024.

Relevance up to 21:00 2024-12-25 UTC--5

Exchange Rates 12.12.2024 analysis

On the daily chart, the Hang Seng index appears to be in a Bullish condition, which is confirmed by the Golden Cross condition of the MA 50 which is above the MA 200, also supported by the emergence of several Bullish continuation patterns such as the Descending Broadening Wedge and Failing Wedge which were successfully broken upwards by the #HSI index, even so, with the appearance of deviations between price movements and the Stochastic Oscillator indicator, it gives an indication that in the next few days there is a potential for a weakening correction in the index where the level of 19518 will be tested, but if the #HSI does not breaks and closes below the level of 19056, this index still has the potential to continue its strengthening back to the Equal High level of 21235 as its main target and if the momentum and volatility support it, 22604 will be the next target to be aimed at.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Kan u nu niet praten?
Stel uw vraag in de chat.