The object will not move, since both forces have the same magnitude although not the same direction.
This is due to Newton’s first law of motion, that estates:
If a body is in equilibrium the sum of all the forces acting on it is equal to zero:
[tex]F_{total}=29N-29N=0[/tex]
According to this law, an object in rest can be in equilibrium (net force equals to zero), and a moving object can also be in equilibrium, as long as it keeps a constant velocity.