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MARKET ANALYSIS

After testing the resistance line numerous times, EURUSD is once again approaching this line. Can we expect a bullish trend to follow?

EURUSD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support 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 1.1673 is expected in the short term.

After testing the resistance line numerous times, EURUSD is once again approaching this line. Can we expect a bullish trend to follow?

EURUSD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support 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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BTCUSD has broken through a level it has tested 5 times in the recent past.

A strong resistance level has been breached at 112326.8906 on the 1 hour BTCUSD chart. Technical Analysis theory forecasts a movement to 116030.7813 in the next 2 days.

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A possible move by XAUUSD towards 4249.0527

XAUUSD has broken through a resistance line. It has touched this line at least twice in the last 8 days. This breakout may indicate a potential move to 4249.0527 within the next 19 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]

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Because GBPJPY formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower

A Channel Up pattern was identified on GBPJPY at 203.0885, creating an expectation that it may move to the support line at 202.1617. It may break through that line and continue the bearish trend or it may reverse from that line.

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After trying numerous times in the past, NAS100 finally breaks 25217.5801!

NAS100 has broken through a resistance line. It has touched this line numerous times in the last 16 days. This breakout shows a potential move to 25746.3457 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

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After testing the support line numerous times, XAGUSD is once again approaching this line. Can we expect a bearish trend to follow?

XAGUSD 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 XAGUSD continues in its current trajectory, we could see it […]

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Important price line being approached by NAS100. This price has been tested numerous times before.

NAS100 is approaching a resistance line at 25217.5801. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

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