Daily Top Trade Setups: Advanced Forex, Indices, Commodities, and Stock Analysis

FTSE100 is signaling a possible trend reversal on intraday charts, as the price fails to breach resistance.

FTSE100 is heading toward the support line in a Channel Down pattern. If this move continues, the price of FTSE100 could test 10247.1785 within the next 7 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.

Bulls aim for 2.5133 after NGC/USD triggered a bearish formation on the 1 hour chart.

A breakout of NGC/USD through the support line of a Triangle could signal what’s ahead. If the breakout persists, we may see NGC/USD’s price test 2.5133 within the next 13 hours.

USDJPY has broken through a level it has tested 4 times recently.

A strong resistance level has been breached at 159.6405 on the 4 hour USDJPY chart. Technical analysis forecasts a move to 160.3227 within the next 1 day.

XAGUSD is approaching a support line of a Channel Down. It has touched this line numerous times in the last 11 days.

An emerging Channel Down pattern in its final wave has been identified on the XAGUSD 4 hour chart. After a strong bearish run, XAGUSD is heading toward the upper triangle trendline, with possible resistance at 71.0623. If the support holds, the Channel Down pattern suggests a rebound toward current levels.

Support line has been breached by GBPJPY. This price level has been tested at least twice before.

GBPJPY has broken through the support line of a Rising Wedge technical chart pattern. Because it has retraced from this line in the past, you should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 13 days, suggesting a possible target level around 214.5601 within […]

A breach of support could signal the start of a bearish trend for S&P500.

S&P500 has moved through the support line of a Rising Wedge pattern at 7176.299574468085 on the 1 hour chart. This line has been tested multiple times in the past, and this breakout could signal an upcoming change in the current trend. Price may continue in the current direction toward 7126.5572.

XAUUSD has broken through a level it has tested 3 times recently.

XAUUSD has broken through a line at 4668.5098. If this breakout holds, we could see the price of XAUUSD move toward 4599.9956 within the next 2 days. However, don’t be too quick to trade. It has tested this line many times in the past, so confirm the breakout before placing any trades.

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