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

USDJPY formed a Channel Up on the 30 Minutes chart. Retest of support in sight.

USDJPY is approaching the support line of a Channel Up. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 20 hours.

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

Emerging Falling Wedge pattern in its final wave was identified on the XAUUSD 1 hour chart. After a strong bearish run, we find XAUUSD heading towards the upper triangle line with a possible resistance at 3237.8806. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.

A final push possible on FTSE100 as it starts approaching a price line of 9090.7998.

A strong support level has been identified at 9090.7998 on the 1 hour FTSE100 chart. FTSE100 is likely to test it soon.

After testing support twice in the past, ETHUSD has finally broken through. Can we expect a bearish trend to follow?

This trade setup on ETHUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 3585.9367.

XAGUSD breakout from a Channel Down trade setup. Will it continue this trend to hit the target price?

XAGUSD has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 3 days and suggests a possible target level […]

There is a possibility of a big movement on GBPJPY after a breach of the resistance

GBPJPY has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 21 days and suggests a possible target level […]

LTCUSD is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.

LTCUSD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 9 days and may test it again within the next 3 days.

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