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If you’re long BTCUSD you should be aware that 86996.5234 has just been breached – a level tested 3 time in the past

BTCUSD has broken through a line of 86996.5234. If this breakout holds true, we could see the price of BTCUSD heading towards 85222.7344 within the next 6 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any […]

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

USDJPY 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 6 days and may test it again within the next 15 hours.

A Falling Wedge has formed, BRN/USD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

BRN/USD 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 8 days and may test it again within the next 2 days.

FTSE100 experienced 4 consecutive 4 hour bearish candles to reach a price of 8041.4000

Trend followers are probably eagerly watching FTSE100 to see if its latest 4 consecutive candles continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 16 hours move.

A Falling Wedge has formed, S&P500 is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

Emerging Falling Wedge pattern in its final wave was identified on the S&P500 15 Minutes chart. After a strong bearish run, we find S&P500 heading towards the upper triangle line with a possible resistance at 5979.7742. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.

A possible move on XAGUSD as it heads towards support

A Falling Wedge pattern was identified on XAGUSD at 30.199, creating an expectation that it may move to the support line at 29.6087. It may break through that line and continue the bearish trend or it may reverse from that line.

GBPJPY is quickly approaching the resistance line of a Triangle. We expect either a breakout through this line or a rebound.

GBPJPY is moving towards a resistance 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 5 days and may test it again within the next 16 hours.

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By Ilan Azbel, with the help of Jingwei Li.I have encountered a number of stock, currency and futures broker websites

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