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

A Falling Wedge has formed, and NGC/USD is approaching resistance. Should we expect a breakout and the start of a new trend, or a reversal?

NGC/USD was identified around 2.714 after recently rebounding off the resistance on the 30 Minutes interval. Ultimately, the stock’s price action has formed a Falling Wedge pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 2.6916.

Consider a move on FTSE100 as it heads toward support.

An emerging Channel Up pattern in its final wave has been identified on the FTSE100 1 hour chart. After a strong bearish run, FTSE100 is heading toward the upper triangle trendline, with possible resistance at 10570.0445. If the support holds, the Channel Up pattern suggests a rebound toward current levels.

After repeatedly testing the 71.5396 level, XAGUSD is once again approaching it. Should we expect a bearish trend to follow?

The price of XAGUSD is heading back toward the support area. It may struggle to break through and could reverse direction. The price may eventually break through, but it typically retreats from the level several times before doing so.

Because BTCUSD has formed a Channel Up pattern, we expect it to touch the support line. If it breaks through the support, it may move much lower.

BTCUSD is heading toward the support line in a Channel Up pattern. If this move continues, the price of BTCUSD could test 69215.7152 within the next 3 days. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.

A breach of 54.8800 could signal the start of a bullish trend in LTCUSD.

A strong resistance level has been breached at 54.8800 on the 4 hour LTCUSD chart. Technical analysis forecasts a move to 56.3910 within the next 2 days.

S&P500 reached 6801.49 after a move of 3.53% spanning 18 hours.

S&P500 just posted a 3.53% move over the past 18 hours—a move unlikely to go unnoticed by any trading style.

XAUUSD is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 17 days.

XAUUSD is trapped in a Channel Up formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]

Latest company news, corporate actions and partnership announcements

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Interesting trading articles, ideas, and thought leadership

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