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

A possible move on NGC/USD as it heads towards support

A Falling Wedge pattern was identified on NGC/USD at 2.8355, creating an expectation that it may move to the support line at 2.6460. It may break through that line and continue the bearish trend or it may reverse from that line.

Important resistance line being approached by S&P500. This price has been tested numerous time in the last 5 days

S&P500 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If S&P500 continues in its current trajectory, we could see it […]

USDJPY is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

The movement of USDJPY towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 4 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]

FTSE100 – approaching a price line that has been previously tested numerous times in the past

FTSE100 is moving towards a key support level at 9075.2998. This is a previously tested level for FTSE100. This could be a good trading opportunity, either at the spot price, or after breaching this level.

XAUUSD is quickly approaching the support line of a Descending Triangle. We expect either a breakout through this line or a rebound.

XAUUSD is heading towards the support line of a Descending Triangle 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]

BTCUSD has broken through a level it has tested 3 times in the recent past.

BTCUSD has broken through 117866.3516 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, BTCUSD may be heading towards 114296.9844 within the next 3 days.

NGC/USD is quickly approaching the support line of a Channel Up. We expect either a breakout through this line or a rebound.

NGC/USD is heading towards the support line of a Channel Up and could reach this point within the next 15 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]

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