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

Supports and resistances are primary concepts of technical analysis. S&P500 is heading for an important price of 6025.8701 – read about what this could mean for the future.

The movement of S&P500 towards 6025.8701 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 23 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

A Triangle has formed, USDJPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

Emerging Triangle detected on USDJPY – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 144.152 and it is expected to move to 144.9927.

NAS100 heading towards a price it has tested 3 times in the recent past.

NAS100 is approaching a support line at 21432.2910. 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.

GBPJPY likely to test 194.6980 in the near future. Where to next?

GBPJPY is approaching a support line at 194.6980. 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.

XAGUSD is signaling a possible trend reversal on the intraday charts with price not breaching support.

XAGUSD is heading towards the resistance line of a Triangle and could reach this point within the next 23 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]

ETHUSD seems to be on its way to support – a possible opportunity?

ETHUSD is moving towards a key support level at 2479.6001. ETHUSD has previously tested this level 7 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

USDJPY – breach of a trending resistance line that has been tested at least twice before.

Falling Wedge pattern identified on USDJPY has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 144.2859 in the next 9.

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