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

Is the extremely large movement on XAUUSD a sign of things to come?

XAUUSD rose sharply for 4 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in XAUUSD there is a chance that we will witness a correction, no matter how brief.

If you’re long ETHUSD you should be aware that 1780.0100 has just been breached – a level tested 4 time in the past

ETHUSD has broken through a line of 1780.0100. If this breakout holds true, we could see the price of ETHUSD heading towards 1731.8459 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]

Big movement possible on S&P500 after a breach of 5610.4102

S&P500 is once again retesting a key horizontal support level at 5610.4102. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

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

BTCUSD is moving towards a key support level at 93481.2266. This is a previously tested level for BTCUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

USDJPY keeps moving closer towards 143.4445. Will it finally breach this level?

The price of USDJPY 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.

Interesting opportunity on BRN/USD after breaking 61.47124999999999

BRN/USD has broken through a resistance line. It has touched this line at least twice in the last 11 days. This breakout may indicate a potential move to 63.8760 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]

Breach of support could mean a start of a bearish trend on LTCUSD

LTCUSD has broken through the support 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 81.5187 may materialize within the next 2 days.

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