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

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

ETHUSD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 2649.3828 may materialize within the next 23 hours.

BRN/USD – approaching a resistance line that has been previously tested at least twice in the past

Emerging Rising Wedge detected on BRN/USD – 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 69.843 and it is expected to move to 71.2309.

Important price line being approached by NAS100. This price has been tested numerous times before.

NAS100 is heading towards 22614.4590 and could reach this point within the next 11 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Rare set of bearish consecutive candles on the GBPJPY Daily chart. Can we expect a turn-around?

After posting 5 consecutive bearish candles in 4 days, you may start considering where GBPJPY is heading next, a continuation of the current downward trend, or a reversal in the previous direction.

Big movement possible on LTCUSD after a breach of 88.6100

LTCUSD has breached the resistance line at 88.6100. It may continue the bullish trend towards 90.7920, or, it may prove to be yet another test of this level.

Breach of resistance could mean a start of a bullish trend on USDJPY

USDJPY has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 20 days and suggests a possible target level […]

FTSE100 is approaching 8708.4297. We expect either a breakout through this line, or a rebound.

A strong support level has been identified at 8708.4297 on the 1 hour FTSE100 chart. FTSE100 is likely to test it soon.

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