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

NAS100 hits 23236.7453 after a run of 7 consecutive 4 hour candles spanning 2 days.

NAS100 has experienced an unusual quantity of bullish candles on the 4 hour timeframe. This is in the 0.9599999785423279 percentile of movements and so we could see a slight pullback over the next few candles.

S&P500 heading towards a price it has tested 6 times in the recent past.

S&P500 is approaching a resistance line at 6317.6602. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

NGC/USD is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

An emerging Channel Down has been detected on NGC/USD on the 4 hour chart. There is a possible move towards 2.8651 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

XAGUSD likely to test 37.2396 in the near future. Where to next?

XAGUSD is moving towards a key resistance level at 37.2396. This is a previously tested level for XAGUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

LTCUSD heading towards a price it has tested 6 times in the recent past.

The price of LTCUSD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

If you’re long USDJPY you should be aware that 147.6935 has just been breached – a level tested 5 time in the past

A strong support level has been breached at 147.6935 on the 1 hour USDJPY chart. Technical Analysis theory forecasts a movement to 146.5455 in the next 3 days.

Will FTSE100 break through the support level it tested before?

FTSE100 is approaching a support line at 8947.0098. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

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