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

GBPJPY moves higher to 204.4870 over the last 8 days.

GBPJPY recorded an unusual number of bullish candles on the Daily timeframe.

An important resistance line is being approached by LTCUSD. This price has been tested numerous times in the last 14 days

LTCUSD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 14 days and may test it again within the next 2 days.

XAUUSD has broken through a level it has tested 5 times recently.

A strong resistance level has been breached at 4086.0000 on the 15 Minutes XAUUSD chart. Technical analysis forecasts a move to 4118.1260 within the next 10 hours.

S&P500 is approaching a resistance line that has been tested at least twice before

S&P500 is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 7 days and may test it again within the next 22 hours.

Support and resistance are fundamental concepts in technical analysis. NGC/USD is approaching an important price level at 4.2575—read what this could mean for the future.

NGC/USD is approaching the line at 4.2575. If this move continues, the price of NGC/USD could test 4.2575 within the next 10 hours. But do not rush to trade. It has tested this line many times in the past, so the move could be short-lived and end in a rebound.

USDJPY is signaling a possible trend reversal on intraday charts, as the price fails to breach support.

USDJPY is heading toward the resistance line in a Channel Up pattern. If this move continues, the price of USDJPY could test 155.9466 within the next 8 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.

ETHUSD is signaling a possible trend reversal on intraday charts, as the price fails to breach support.

A Channel Down pattern was identified for ETHUSD at 3030.84, suggesting it may move toward the resistance line at 3189.6250. It may break through that line and continue the bullish trend, or reverse from it.

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