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

Is the extremely large movement on EURUSD a sign of things to come?

A movement of 4.16% over 21 days on EURUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.

XAUUSD through 2684.2698412698414. Is this a confirming a breakout? Will it continue its path in the current trend toward 2640.0702?

XAUUSD has broken through a support line of a Channel Up chart pattern. If this breakout holds true, we may see the price of XAUUSD testing 2640.0702 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]

Bulls aim for 31.8573 after the XAGUSD triggered a bullish formation on the 4 hour chart

Triangle pattern identified on XAGUSD has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 31.8573 in the next 3.

A final push possible on LTCUSD as it starts approaching a price line of 86.4900.

The movement of LTCUSD towards 86.4900 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.

A possible move on USDJPY as it heads towards resistance

Emerging Channel Up detected on USDJPY – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 155.025 and it is expected to move to 156.7410.

Extreme movement experienced on FTSE100. Check this chart to see what to do next

FTSE100 rose sharply for day – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in FTSE100 there is a chance that we will witness a correction, no matter how brief.

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

The movement of USDJPY towards 153.8390 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 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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