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MARKET ANALYSIS

NGC/USD is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.

NGC/USD is trapped in a Rising 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 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 3.6662 is expected in the short term.

NGC/USD is quickly approaching the support line of a Channel Up. We expect either a breakout through this line or a rebound.

NGC/USD is heading towards the support line of a Channel Up and could reach this point within the next 15 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]

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USDJPY – approaching a support line that has been previously tested at least twice in the past

Emerging Falling Wedge pattern in its final wave was identified on the USDJPY 4 hour chart. After a strong bearish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 145.9816. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.

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If XAUUSD touches 3359.3501 it may be time to take action.

XAUUSD 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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ETHUSD is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 11 days.

ETHUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]

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After testing support twice in the past, BTCUSD has finally broken through. Can we expect a bearish trend to follow?

BTCUSD has broken through a support line of a Channel Up and suggests a possible movement to 115838.1303 within the next 2 days. 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 […]

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FTSE100 has broken through a resistance line. It has touched this line numerous times in the last 18 days.

FTSE100 has broken through a resistance line. It has touched this line numerous times in the last 18 days. This breakout shows a potential move to 9220.1670 within the next 2 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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LTCUSD is quickly approaching a very important level it has previously tested numerous times in the past

A strong support level has been identified at 122.8600 on the 30 Minutes LTCUSD chart. LTCUSD is likely to test it soon.

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