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forextraplaces Updated 

This morning has seen buyers pushing EUR/JPY higher having found pivot support at 157.73. With no news to reverse this move north, EUr/JPY would appear for now to be targetting the next major RESISTANCE level at WR1 (1598.87) Trading seems slow today in the absence of sheduled news so we may see prices drifting sideways somewhat but the overall direction looks...

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There's no significant news for a couple of days so there's nothing scheduled to affect trading today and with GBPUSD finding support in the 1.2670 area, we could see GBPUSD push higher heading for a possible target of WR1 (weekly resistance) at 1.2788. All GBP pairs look BULLISH supporting this opinion.

forextraplaces Updated 

With the 25 EMA is almost crossing the 50 EMA and USD/JPY at an area of RESISTANCE, this pair looks to be headed lower. There's no a great deal of momentum in the market so this could be a slow burner. There's no significant USD scheduled news until Thursday so there's no reason to see USD BULLS entering the market. Most logical area of SUPPORT comes in at the 200...

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GBPUSD has hit WS1 pivot support and we have indecsion candles forming. Significantly EURUSD BEARS have been stalled and we have more indecision candles which could be the forerunner to a move higher. If GBPUSD BULLS do enter the market here we could see a move significant move higher possibly to the mid pivot level at higher at 1.2743. Note, however, that we...

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AUDNZD continues toi lose ground and is headed for support

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BITCOIN has been gradually recovering since hitting the recent low at 17578 in mid June. Since that day we've seen BTC carve out an upward channel. 26817 is the next line of resistance which coincides with the .382 Fibonacci level. As BTC chugs higher so all other main digital assets will follow so I'd be a buyer in this market as things stand. As ever BTC is...

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Several weeks ago I posted 3 possible areas where BITCOIN might find support. Since then we've seen BTC rise and fall but generally be supported by the first & second of these levels. The chart pattern for BTC is a classical rising hifgher high and higher low pattern that woudl suggest we could be headed higher. Whilst we remain above 20770 we are in an uptrend...

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BITCOIN's fall continues without much sign of a rebound. Under the current level sit 3 possible support lines though whether this will make a difference is anyone guess. Under 16311 there is no support and the next stop could be 12,000. As BTC is the endgine that drives the crypto train then no digital assets are safe from selling off. Some real bargains around...

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When (if) the crypto market starts to head back north or more accurately when BITCOIN starts heading north (BITCOIN is the engine that drives the cryptocurrency express), its worthwhile noting some of the more "established" coins are likely to present excellent buying opportunities. My list of assets include SOL (Solano) ADA (Cardano) DOT (Polkadot) XRP (Ripple)...

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Its a lottery picking out the next digital assets that might fly but Optimism looks to have real possibilities. Optimism was developed to speed up ETH transactions and cut its costs by settling them on another blockchain using advanced data compression techniques. The technique involves optimistic rollups, where multiple transactions are rolled up into one single...

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29,000 is offering some support for BITCOIN. Whether this level of support is enough to see the BULLS return we shall have to wait and see. Not far under the current level is the 200 day exponential moving average at 25,300. This has a good chance of offering support to the asset. Should this level fail, the next support level comes in at 19800. There isn't any...

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Molecular Future is one of the digital assets owned by the giant blockchain group Hyper Tech , the group behind the HyperVerse project, an exceptional blockchain membership program. Go to my theforexportal website for more information about HyperVerse. Since MOF was forked (diluted) last December the price has steadily declined before moving north back in...

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All trading charts form patterns that can be useful to recognize as they can lead to a trading opportunity. The flag/pennant/wedge pattern is particularly common and usually very reliable. Since I’ve been trading cryptocurrency its surprising how often we get flag patterns with crypto something that is not as evident in trading FX. SHIBUDOGE is carving out a...

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Molecular Future is one of the assets owned by the giant Hyper Tech group the company behind HyperVerse (see my profile for details). MOF has broken out several times over the past few weeks and then moved sideways. Currently price is moving in a range between .001255 and .001011 and is contained below resistance at .001255 and a rising trendline from late...

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MOF is back carving out another flag/pennant/banner formation. However. Previously the price was above the 50 EMA and used this to drive higher. Currently the price is below the 50 EMA but above the significant line of support at .00149 and the mid pivot and we will probably see the price squeezed between the EMA and this line of support before we break out...

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XRP is trapped inside a wedge/pennant/flag and is also squeezed betwen the 200 EMA and the 50 EMA. Interestingly if we look at the daily time frame the price is above the 50 EMA and below the 200 EMA but if we switch to the H4 time frame the price is above the 200 EMA but below the 50 EMA. So what does this potentially mean? The 200 EMA on the H4 time frame is...

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Tronix, also known as TRX, is the native cryptocurrency of Tron: a blockchain-based platform with two main functions. First, it serves as a global online content sharing platform, and secondly, it allows developers to create their own autonomous applications that operate without the need for intermediaries (* information from CoinDesk). This asset hit .1805 back...

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MOF - Molecular Futre continues to consolidate between a line of resistance and the 50 day EMA. As this flag/pennant lengthens so we move closer to break out. Usually breakouts following periods of consolidation can be quite violent and price can quickly surge higher like a dam collapsing and releasing its water. All the signs are on for a break out north as we...