ALL ORDINARIES INDEX Chart Technical Analysis, Graph Forecast, Trading Strategy - Index facing strong resistance at current levels, Close Watch Index can see some correction. (Updated on 01st August 2014, Friday).

ALL ORDINARIES INDEX

• As per previous report published on ALL ORDINARIES - Index gave a sharp up move after bullish breakout and now facing resistance. (Click here to view previous report on ALL ORDINARIES INDEX).
• Now daily chart indicates Index is heading for 161.8% fibonacci retracement and as per fibonacci retracement studies , index much closes above its level for further up move, if fail to close then can see some weakness.
• Suggested reading - Hang Seng Index RSI Index is now in Overboght zone.
• Daily chart also indicates Index is currently facing its trend line resistance at current level, if fails to break its resistance then can see correction. ( as shown in chart no.2 ).
• If Index corrects from current levels then will find strong fibonacci retracement support around 5570, 5530, 5500 And 5460 as shown above in chart no. 3.
• Click here to see all the forecast (trading strategy) published by us on ALL ORDINARIES INDEX (as per technical analysis point of view).
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