FXI $50.25: Posted a new 7-year high at 52.56 near key retraceme

FXI             rallied strongly to post a 7-year high at 52.56 (April 16, 2015) near the 61.8% retracement of the 73.11/19.35 fall, before consolidating. The Technical indicators remains positive (on all time frames), reinforcing the bullish price action. Immediate support lies at 47.88 (21 day moving average, not shown on chart). Below rests 44.96 (April 1, 2015 low, near 55 day moving average) which should hold dips. If bulls manage to reclaim 52.56, that would accelerate the year-long uptrend towards 54.94 (May 1, 2008 lower high, near 76.4% of the 73.11/19.35 fall) next.
Short term: buy on pullbacks
Long term: bullish
Excellent analysis! Thanks!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out