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Important support line being approached by CHFJPY. This price has been tested numerous time in the last 9 days

Emerging Descending Triangle detected on CHFJPY – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 166.762 and it is expected to move to 165.8890.

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DOW 30 formed a Channel Down on the 4 hour chart. Retest of support in sight.

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Supports and resistances are primary concepts of technical analysis. Gold Spot is heading for an important price of 2888.2900 – read about what this could mean for the future.

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