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

USDJPY is approaching a resistance line that has been tested at least twice before

USDJPY was identified around 156.749 after recently rebounding off the support on the 4 hour interval. Ultimately, the stock’s price action has formed a Channel Up pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 157.6524.

A possible move for BRN/USD toward 61.0576

BRN/USD has moved through the resistance line of a Triangle pattern at 60.57892063492063 on the 15 Minutes chart. This line has been tested multiple times in the past, and this breakout could signal an upcoming change in the current trend. Price may continue in the current direction toward 61.0576.

FTSE100 is approaching the support line of a Channel Up pattern. We anticipate either a breakout through this line or a rebound.

FTSE100 was identified around 10062.6 after recently rebounding off the resistance on the 1 hour interval. Ultimately, the stock’s price action has formed a Channel Up pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 10044.0944.

BTCUSD is likely to test 91062.2813 in the near future. Where to next?

BTCUSD is moving toward a support line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 4 days and may test it again within the next 16 hours.

A rare bullish streak on the LTCUSD Daily chart.

LTCUSD recorded an unusual number of bullish candles on the Daily timeframe.

Significant movement is possible in NAS100 after a breach of 25635.2012.

NAS100 has broken through a resistance line. Because it has previously retraced from this price, you should wait for confirmation of the breakout before trading. It has touched this line multiple times over the past 15 days, which suggests a possible target around 25839.7754 within the next 3 days.

GBPJPY – breach of a price line that has been tested numerous times before

GBPJPY is once again retesting a key horizontal resistance level at 211.5930. This level has been tested 5 times recently and could see another bounce, as it did last time. However, after so many attempts, it may be ready to start a new trend.

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