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

If GBPJPY touches 192.1150 it may be time to take action.

GBPJPY is moving towards a key resistance level at 192.1150. This is a previously tested level for GBPJPY. This could be a good trading opportunity, either at the spot price, or after breaching this level.

EURUSD is signaling a possible trend reversal on the intraday charts with price not breaching support.

Emerging Channel Up pattern in its final wave was identified on the EURUSD 4 hour chart. After a strong bullish run, we find EURUSD heading towards the upper triangle line with a possible resistance at 1.0646. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.

Supports and resistances are primary concepts of technical analysis. FTSE100 is heading for an important price of 8510.9004 – read about what this could mean for the future.

FTSE100 is heading towards 8510.9004 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.

After testing the support line numerous times, XAUUSD is once again approaching this line. Can we expect a bearish trend to follow?

XAUUSD is heading towards the support line of a Triangle and could reach this point within the next 5 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]

BTCUSD is quickly approaching a very important level it has previously tested numerous times in the past

BTCUSD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 15 days and may test it again within the next […]

USDJPY has broken through a support line. It has touched this line numerous times in the last 13 days.

USDJPY is once again retesting a key horizontal support level at 151.1990. 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.

After experiencing a 8.56% bullish move in the space of 20 hours, nobody knows where NGC/USD is headed.

NGC/USD rose sharply for 20 hours – 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 NGC/USD there is a chance that we will witness a correction, no matter how brief.

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