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MARKET ANALYSIS

A possible move on EURUSD as it heads towards support

EURUSD is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 1.1408 is expected in the short term.

A possible move on EURUSD as it heads towards support

EURUSD is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]

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ETHUSD is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

ETHUSD is moving towards a support line 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 ETHUSD continues in its current trajectory, we could see it […]

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It’s time to make a decision on XAGUSD – its recent breach of 35.9149 could be a sign of a new trend to follow.

XAGUSD has breached the support line at 35.9149. It may continue the bearish trend towards 35.4664, or, it may prove to be yet another test of this level.

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A possible move on NGC/USD as it heads towards resistance

NGC/USD is heading towards the resistance line of a Channel Up. If this movement continues, the price of NGC/USD could test 4.1733 within the next 12 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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USDJPY through 145.4363275862069. Is this a confirming a breakout? Will it continue its path in the current trend toward 146.5109?

The last 11 4 hour candles on USDJPY formed a Ascending Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 146.5109.

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BRN/USD is quickly approaching a very important level it has previously tested numerous times in the past

BRN/USD is approaching a support line at 74.3240. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

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ETHUSD is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

ETHUSD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 9 days and may test it again within the next 2 days.

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