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

XAUUSD is approaching the support line of a Descending Triangle pattern. We anticipate either a breakout through this line or a rebound.

An emerging Descending Triangle pattern in its final wave has been identified on the XAUUSD 30 Minutes chart. After a strong bearish run, XAUUSD is heading toward the upper triangle trendline, with possible resistance at 4166.5819. If the support holds, the Descending Triangle pattern suggests a rebound toward current levels.

After testing support twice before, S&P500 has finally broken through. Can we expect a bearish trend to follow?

The last 2 1 hour candles on S&P500 have formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement toward the price level at 6821.9789.

BRN/USD is currently testing the 62.5920 level. Will the breakout continue, or will it reverse?

The breakout of BRN/USD through the 62.5920 price line is a breach of an important psychological price level that it has tested numerous times in the past. If this breakout persists, BRN/USD could test 61.7509 within the next 21 hours. One should always be cautious before placing a trade and wait for confirmation of the […]

LTCUSD is likely to test 87.2900 in the near future. Where to next?

LTCUSD is moving toward a key resistance level at 87.2900. LTCUSD has tested this level 4 times before, and on each occasion it has bounced off. Could this be the time it finally breaks through?

Bulls aim for 25502.9658 after NAS100 triggered a bearish formation on the 4 hour chart.

Channel Up pattern identified on NAS100 has broken through a support level, with price momentum continuing to move downward. This presents a solid trading opportunity, with the price expected to reach 25502.9658 in the next 12.

A Triangle has formed, and ETHUSD is approaching resistance. Should we expect a breakout and the start of a new trend, or a reversal?

ETHUSD is trapped in a Triangle formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new trend. […]

An important resistance line is being approached by USDJPY. This price has been tested numerous times in the last 4 days

An emerging Rising Wedge has been detected on USDJPY. The pattern has not yet broken through support, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 156.1155, and it is expected to move to 156.4702.

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