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

BTCUSD – It’s perhaps in these huge moves where the greatest opportunity lies

A movement of 4.98% over 2 days on BTCUSD 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.

Will USDJPY break through the resistance level it tested before?

USDJPY is moving towards a line of 156.1170 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDJPY continues in its current trajectory, we […]

A possible move by S&P500 towards 5971.3683

The last 8 4 hour candles on S&P500 formed a Pennant pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 5971.3683.

XAUUSD has broken out from the Rising Wedge pattern. Expect it to hit 2792.5989 soon.

Rising Wedge pattern identified on XAUUSD 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 2792.5989 in the next 20.

NAS100 is currently testing a level of 21638.8027. Will the breakout continue or will things reverse?

A strong resistance level has been breached at 21638.8027 on the 30 Minutes NAS100 chart. Technical Analysis theory forecasts a movement to 22059.1699 in the next 2 days.

Bulls aim for 192.5952 after the GBPJPY triggered a bullish formation on the 15 Minutes chart

This trade setup on GBPJPY 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 bullish breakout through resistance, it seems to suggest that we could see the next price move to 192.5952.

If BRN/USD touches 77.4500 it may be time to take action.

A strong resistance level has been identified at 77.4500 on the 30 Minutes BRN/USD chart. BRN/USD is likely to test it soon.

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