Categories: Technical analysis

HSI50 Wave Analysis – 7 April, 2022

• HSI50 reversed from resistance level 22655.00
• Likely to fall to support level 21275.00

HSI50 index recently reversed down from the key resistance level 22655.00 (former support level which has been reversing the price from the middle of December).

The downward reversal from the resistance level 22655.00 started the active impulse wave (c).

HSI50 index can be expected to fall further toward the next support level 21275.00 (low of the previous minor correction (b)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: HSI50

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