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

USDJPY is approaching 145.4625. We expect either a breakout through this line, or a rebound.

The movement of USDJPY towards 145.4625 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 22 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

NGC/USD has broken through a level it has tested 4 times in the recent past.

The price of NGC/USD in heading in the direction of 3.3260. Despite the recent breakout through 3.4305 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

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

EURUSD has moved lower by 2.85% from 1.151425 to 1.11858 in the last 24 days.

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

The price of LTCUSD 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.

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

Emerging Rising Wedge pattern in its final wave was identified on the XAGUSD 1 hour chart. After a strong bullish run, we find XAGUSD heading towards the upper triangle line with a possible resistance at 33.5981. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.

Important resistance line being approached by FTSE100. This price has been tested numerous time in the last 7 days

FTSE100 is approaching the resistance line of a Ascending Triangle. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 9 hours.

Interesting opportunity on GBPJPY after breaking 196.01322727272728

The last 6 1 hour candles on GBPJPY formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 194.9349.

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