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

GBPJPY hits 194.615 after a 0.99% move spanning 23 hours

Those of you that are trend followers are probably eagerly watching GBPJPY to see if its latest 0.99% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 23 hours move.

Interesting opportunity on LTCUSD after breaking 86.86999999999998

The last 8 4 hour candles on LTCUSD formed a Pennant pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 95.9644.

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

The breakout of XAGUSD through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of XAGUSD testing 30.3054 within the next 2 days.

Important price line being approached by NAS100. This price has been tested numerous times before.

NAS100 is heading towards 21162.8242 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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

An emerging Triangle has been detected on USDJPY on the 4 hour chart. There is a possible move towards 153.8857 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

After trying numerous times in the past, ETHUSD finally breaks 3067.3601!

The breakout of ETHUSD through the 3067.3601 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 2998.1741 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 FTSE100. This price has been tested numerous times before.

FTSE100 is heading towards 8148.8799 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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