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NAS 100 formed a Rising Wedge on the 1 hour chart. Retest of resistance in sight.

Emerging Rising Wedge detected on NAS 100 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 21592.9524 and it is expected to move to 21674.7849.

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Supports and resistances are primary concepts of technical analysis. EURCHF is heading for an important price of 0.9437 – read about what this could mean for the future.

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