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

FTSE100 moves lower to 8623.7 in the last 2 days.

Those of you that are trend followers are probably eagerly watching FTSE100 to see if its latest 2.03% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 2 days move.

A possible move by USDJPY towards 147.5667

The last 3 1 hour candles on USDJPY formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 147.5667.

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

A Ascending Triangle pattern was identified on BTCUSD at 90465.84, creating an expectation that it may move to the resistance line at 94254.8397. It may break through that line and continue the bullish trend or it may reverse from that line.

NGC/USD has broken through support of a Triangle. It has touched this line at least twice in the last 3 days.

The last 3 30 Minutes candles on NGC/USD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 4.3422.

Could a large bullish move on EURUSD be a sign of things to come?

EURUSD has moved higher by 1.81% from 1.06183 to 1.08103 in the last 2 days.

If S&P500 touches 5881.0898 it may be time to take action.

S&P500 is moving towards a line of 5881.0898 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If S&P500 continues in its current trajectory, we […]

After testing the resistance line numerous times, GBPJPY is once again approaching this line. Can we expect a bullish trend to follow?

Emerging Rising Wedge detected on GBPJPY – 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 191.787 and it is expected to move to 192.5005.

Latest company news, corporate actions and partnership announcements

Interesting trading articles, ideas, and thought leadership

Ask your broker today or sign up for a demo
from the Technical Analysis page.