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MARKET ANALYSIS

ETHUSD through 3810.5514285714285. Is this a confirming a breakout? Will it continue its path in the current trend toward 3844.7181?

ETHUSD has broken through a resistance line of a Triangle and suggests a possible movement to 3844.7181 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.

ETHUSD through 3810.5514285714285. Is this a confirming a breakout? Will it continue its path in the current trend toward 3844.7181?

ETHUSD has broken through a resistance line of a Triangle and suggests a possible movement to 3844.7181 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back […]

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

GBPJPY is moving towards a resistance 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 GBPJPY continues in its current trajectory, we could see it […]

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

USDJPY is moving towards a resistance line. Because we have seen it retrace from this level in the past, 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 4 days and may test it again within the next […]

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BTCUSD seems to be on its way to resistance – a possible opportunity?

BTCUSD is heading towards 119503.5625 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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Supports and resistances are primary concepts of technical analysis. FTSE100 is heading for an important price of 9009.0596 – read about what this could mean for the future.

FTSE100 is moving towards a key resistance level at 9009.0596. This is a previously tested level for FTSE100. This could be a good trading opportunity, either at the spot price, or after breaching this level.

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

The movement of BRN/USD towards the support line of a Channel Down 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 […]

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After testing the resistance line numerous times, FTSE100 is once again approaching this line. Can we expect a bullish trend to follow?

FTSE100 is moving towards a resistance 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 FTSE100 continues in its current trajectory, we could see it […]

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