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MARKET ANALYSIS

The movement of ETHUSD towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

Trend followers are probably eagerly watching FTSE100 to see if its latest 4 consecutive candles continues. If not, the mean-reversion

Emerging Falling Wedge pattern in its final wave was identified on the S&P500 15 Minutes chart. After a strong bearish

A Falling Wedge pattern was identified on XAGUSD at 30.199, creating an expectation that it may move to the support

GBPJPY is moving towards a resistance line. Because we have seen it retrace from this line before, we could see

An emerging Rising Wedge has been detected on NGC/USD on the 15 Minutes chart. There is a possible move towards