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

If you’re short BTCUSD you should be aware that 123507.7813 has just been breached – a level tested 3 time in the past

BTCUSD has breached the resistance line at 123507.7813. It may continue the bullish trend towards 125720.3906, or, it may prove to be yet another test of this level.

Supports and resistances are primary concepts of technical analysis. S&P500 is heading for an important price of 6742.4302 – read about what this could mean for the future.

S&P500 is heading towards a line of 6742.4302. If this movement continues, the price of S&P500 could test 6742.4302 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

USDJPY moves higher to 149.7745 in the last 3 days.

USDJPY just posted a 1.58% move over the past 3 days – a move that won’t go unnoticed by any trading style.

XAUUSD – Large moves like this tend to draw attention.

XAUUSD just posted a 16.81% move over the past 48 days – a move that won’t go unnoticed by any trading style.

ETHUSD breakout from a Rising Wedge trade setup. Will it continue this trend to hit the target price?

Rising Wedge pattern identified on ETHUSD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 4345.3579 in the next 2.

Support line breached by EURUSD. This price has been tested at least twice before.

This trade setup on EURUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 1.1636.

BTCUSD seems to be on its way to support – a possible opportunity?

BTCUSD is about to retest a key horizontal support level near 122113.6172. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

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