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.

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