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

Important price line breached by BRN/USD. This price has been tested numerous times before.

The price of BRN/USD in heading in the direction of 68.7792. Despite the recent breakout through 68.0015 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

NGC/USD is quickly approaching a very important level it has previously tested numerous times in the past

The price of NGC/USD 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.

ETHUSD heading towards a price it has tested 5 times in the recent past.

The movement of ETHUSD towards 2409.5100 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

Could 5 consecutive daily bullish candles on EURUSD be a sign of things to come?

EURUSD has experienced an exceptionally large amount of consecutive bullish candles to reach a price of 1.1727 in the last 8 days.

Because BRN/USD formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher

BRN/USD is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 6 hours.

After testing 197.7165 numerous times, GBPJPY has finally broken through. Can we expect a bearish trend to follow?

The breakout of GBPJPY through the 197.7165 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBPJPY could test 197.0677 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

Important price line being approached by NGC/USD. This price has been tested numerous times before.

The price of NGC/USD in heading back to the resistance 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.

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