Because CAD/JPY formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher

Will CAD/JPY have enough momentum to break resistance?
CAD/JPY 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 6 days and may test it again within the next 23 hours.

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Breach of support could mean a start of a bearish trend on GBP/CAD

Support line breached by GBP/CAD
GBP/CAD has broken through a support line. It has touched this line at least twice in the last 18 days. This breakout may indicate a potential move to 1.7687 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.

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EUR/CAD likely to test 1.4932 in the near future. Where to next?

EUR/CAD approaching support level
EUR/CAD is moving towards a key support level at 1.4932. This is a previously tested level for EUR/CAD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

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XAG/USD is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.

Will XAG/USD have enough momentum to break support?
XAG/USD is heading towards the support line of a Falling Wedge. If this movement continues, the price of XAG/USD could test 27.8676 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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GBP/JPY heading towards a price it has tested 3 times in the recent past.

Breach of important price line imminent by GBP/JPY
GBP/JPY is moving towards a key resistance level at 203.6470. GBP/JPY has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

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