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MARKET ANALYSIS

Because FTSE100 formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower

FTSE100 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 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 8637.3486 is expected in the short term.

EURUSD is approaching a resistance line of a Channel Down. It has touched this line numerous times in the last 6 days.

The movement of EURUSD toward the resistance line of a Channel Down is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 20 hours, but it is uncertain whether it will result in a breakout through this line or simply […]

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S&P500 may be at the start of a new bearish trend after breaking through this important support level.

A strong support level has been breached at 6813.3901 on the 30 Minutes S&P500 chart. Technical analysis forecasts a move to 6743.4902 within the next 2 days.

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NGC/USD — large moves like this tend to attract attention.

NGC/USD just posted a 40.78% move over the past 19 days—a move unlikely to go unnoticed by any trading style.

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After repeatedly testing the 152.5530 level, USDJPY is once again approaching it. Should we expect a bearish trend to follow?

USDJPY is moving toward a level at 152.5530, which it has tested many times before. We have seen it retrace from this level before, so at this stage it isn’t clear whether it will break through this price or rebound again. If USDJPY continues on its current trajectory, we may see it move toward 152.5530 […]

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ETHUSD is approaching a resistance line of a Triangle. It has touched this line numerous times in the last 12 days.

An emerging Triangle has been detected on ETHUSD. The pattern has not yet broken through support, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 2003.25, and it is expected to move to 2070.8748.

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An interesting opportunity in GBPJPY after breaking 209.0567105263158.

A breakout of GBPJPY through the resistance line of a Triangle could signal what’s ahead. If the breakout persists, we may see GBPJPY’s price test 209.8277 within the next 10 hours.

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BRN/USD is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 4 days.

The movement of BRN/USD toward the resistance line of a Rising Wedge is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 7 hours, but it is uncertain whether it will result in a breakout through this line or simply […]

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