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

USDJPY formed a Falling Wedge on the 1 hour chart. Retest of support in sight.

An emerging Falling Wedge has been detected on USDJPY on the 1 hour chart. There is a possible move towards 145.9106 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

After testing 6579.5298 numerous times, S&P500 is once again approaching this price point. Can we expect a bearish trend to follow?

S&P500 is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 6579.5298, unless it runs out of momentum and pulls back to current levels.

If you’re short NGC/USD you should be aware of the rapidly approaching level of 3.1155

NGC/USD is approaching a resistance line at 3.1155. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

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

Emerging Channel Up pattern in its final wave was identified on the BTCUSD 4 hour chart. After a strong bullish run, we find BTCUSD heading towards the upper triangle line with a possible resistance at 120044.4917. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.

Supports and resistances are primary concepts of technical analysis. GBPJPY is heading for an important price of 199.2480 – read about what this could mean for the future.

The price of GBPJPY 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.

XAUUSD formed a Rising Wedge on the 30 Minutes chart. Retest of resistance in sight.

Emerging Rising Wedge detected on XAUUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 3693.725 and it is expected to move to 3724.2258.

Will ETHUSD break through the resistance level it tested before?

ETHUSD is heading towards 4543.7002 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Latest company news, corporate actions and partnership announcements

Online brokers operate in a highly competitive market and manage a multitude of daily operational tasks. Marketing and sales present

As a leading global provider of multi-award-winning broker tools and services, Autochartist remains committed to innovation, digital transformation and customer service. Join us for an exclusive interview with Ilan Azbel, the CEO of Autochartist, as he shares invaluable insights into the company’s journey and offers a glimpse into the future of digital brokerage. Q: Autochartist […]

Autochartist, an undisputed leader in the financial trading tools landscape, is thrilled to announce the debut of its state-of-the-art platform, LaunchPad. In a monumental move, Autochartist will make LaunchPad available completely free to currency and CFD brokers. Allowing brokers to embed almost any modern website into MetaTrader. Historically, MetaTrader was limited to embedding older, non-responsive versions of […]

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, […]

Interesting trading articles, ideas, and thought leadership

The first non-farm payroll report of 2023 in January drove markets higher as traders decided to recalibrate their holdings to

Risk analysis is as critical as market analysis for traders to make informed trading decisions. It helps them size each position adequately, set viable entry and exit points, and hedge risks. A brokerage that enables traders to seamlessly manage risks by embedding risk management within the trading environment enjoys multiple benefits, such as: – Improved […]

The latest report on the Cryptocurrency Market Growth & Trends by Grand View Research predicts that the global crypto market will reach $11.71 billion by 2030, growing at a CAGR of 12.5% from 2023 to 2030. With major digital currencies, such as BTC, ETH, and LTC, all seeing significant gains in the first three months of […]

“If you’re going to be in this game for the long pull, which is the way to do it, you better be able to handle a 50% decline without fussing much about it.” This trading mantra, given by Charlie Munger, helps put market fluctuations into perspective. But traders may get nervous when there are steep […]

Technical advancements and the integration of customised trading solutions within mobile applications have helped retail trading soar since 2020. As a result, the online trading market is projected to hit $18.4 billion, growing at acompound annual growth rate  of 7.8% between 2022 and 2031. A surge in cloud-based trading solutions and AI-powered robo- advisory are key drivers […]

The one thing in common among all traders is that they want to make informed decisions. But that’s where the similarity ends. Every trader has a different requirement for information, simply because their trading strategies, portfolio of assets, preferred time of trading, experience level, financial goals, risk appetite, and trading mindset are different. So, how […]

The growing influx of millennials into the financial markets presents a massive opportunity for brokers. It is important not just to attract new traders but to retain them too. Millennials form the majority of online traders at 58% globally. Millennials are also the generation that prefers taking active control of their finances. The growing influx of […]

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