Past performance is not an indicator of future results.
FRA40 is moving towards the support line of a Rising Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If FRA40 continues in its current trajectory, we can expect it to reach 5263.0000 within the next 3 days.
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