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

A possible move by USDJPY towards 158.6304

USDJPY moved through the resistance line of a Triangle at 158.23149999999998 on the 30 Minutes chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 158.6304.

There is a possibility of a big movement on NGC/USD after a breach of the resistance

The last 13 1 hour candles on NGC/USD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 3.9132.

ETHUSD – breach of price line that’s been previously tested numerous times before

The breakout of ETHUSD through the 3319.9700 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, ETHUSD could test 3268.3191 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

Supports and resistances are primary concepts of technical analysis. FTSE100 is heading for an important price of 8188.6899 – read about what this could mean for the future.

A strong support level has been identified at 8188.6899 on the 1 hour FTSE100 chart. FTSE100 is likely to test it soon.

Will XAGUSD break through the resistance level it tested before?

XAGUSD is heading towards a line of 30.1850. If this movement continues, the price of XAGUSD could test 30.1850 within the next 9 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

After testing 5927.2500 numerous times, S&P500 has finally broken through. Can we expect a bearish trend to follow?

S&P500 has breached the support line at 5927.2500. It may continue the bearish trend towards 5852.2500, or, it may prove to be yet another test of this level.

Important support line being approached by GBPJPY. This price has been tested numerous time in the last 5 days

GBPJPY was identified at around 197.724 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 196.8275 level.

Latest company news, corporate actions and partnership announcements

Autochartist, an undisputed leader in the financial trading tools landscape, is thrilled to announce the debut of its state-of-the-art platform,

In a significant stride forward in broker tool development, Autochartist recently announced the introduction of LaunchPad, a pioneering product for currency and CFD brokers. This announcement coincides with the presence of Autochartist representatives at the IFXExpo in Dubai, running from January 16th to 18th, 2024. We are offering brokers an unprecedented ability to embed almost […]

In a continuing effort to streamline engagement between brokers and traders, Autochartist has expanded on its promise with automated WhatsApp alerts on market insights. Autochartist is pleased to announce the addition of WhatsApp messaging alerts to its existing messaging services, facilitating seamless communication between brokers and their traders. While the platform remains broker-controlled, this new […]

Autochartist introduces its all-in-one Research Portal, a transformative market analysis delivery system that seamlessly channels Autochartist’s entire suite of tools and products through one customisable, responsive user interface. At the heart of the Research Portal is a promise of simplicity. Brokers can now effortlessly integrate an array of trading tools, eliminating the need for extensive developmental work […]

Autochartist, a leading global provider of technical analysis and trading solutions, is excited to announce the addition of Braze Emails marketing automation platform integration for its content. This new addition further bolsters Autochartist’s existing impressive lineup of integrations, which include powerhouse platforms such as Salesforce Marketing Cloud, Sendy, Sendgrid, Silverpop, Solitics, Amazon SES, Constant Contact, […]

Autochartist, a world-renowned technology partner that provides real-time financial market analysis, has been recognized as the “Most Comprehensive Market Analysis Provider” by the FinanceFeeds Awards 2023. This specific award recognizes the remarkable initiatives, innovations, and achievements of the industry’s market data providers, which are typically the cornerstone of informed decision-making. This win adds to a suite of […]

Autochartist and Swissquote have recently embarked on an impressive collaboration in which Autochartist’s Advanced Technical Analysis has been deeply integrated into their proprietary trading platform, “Advanced Trader”. This integration creates an intuitive experience for their extensive client base of global CFD traders. One of the standout features of this integration is the ability to execute […]

Interesting trading articles, ideas, and thought leadership

Gold trading remains as popular today as ever. It has long been one of the most sought-after assets in the

The financial markets are no stranger to turbulence, but the events of early August 2024 had investors gripping their seats a little tighter. A sudden and sharp market downturn, triggered by a mix of disappointing U.S. economic data and unexpected policy shifts in Japan, highlighted the flux of the global economy. Understanding the potential impact […]

Artificial Intelligence (AI) and Machine Learning (ML) are improving quickly. The ripples are being felt in the trading industry, with increased big-data processing and improved methods to anticipate market movements and develop trading strategies. As we move into the second half of 2024, several key trends and developments are shaping this landscape, making it an […]

As the daily news headlines keep us updated on the ever-changing markets, online brokerages face unique challenges. From economic uncertainties that directly affect trading and investment choices to maintaining their business advantage in a competitive environment, here are some ongoing broker challenges shared by many online retail trading firms. These highlight the dynamic nature of […]

Understanding market sentiment can provide traders with unique insights in the fast-paced world of trading. Market sentiment analysis, which involves analyzing news and social media to gauge the mood and attitudes of market participants, is becoming increasingly popular. By leveraging these insights, traders can make more informed decisions and optimize their trading strategies. Here’s a […]

Technical analysis remains a fundamental tool for traders seeking to understand market dynamics and make informed decisions in 2024 and beyond. Advanced tools that use technical analysis and pattern recognition empower traders in ways previous generations couldn’t have imagined. Automatic identification of trading opportunities enables traders to fine-tune their strategies with increased confidence and complete […]

Cryptocurrency exchange-traded funds (ETFs) have emerged as a hot topic in the financial world, seeking to bridge the gap between traditional finance and the crypto market. As traders seek innovative ways to diversify their portfolios and capitalize on market trends, understanding crypto ETFs is a good starting point. What is a Spot Bitcoin ETF? A […]

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