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

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

GBPJPY is moving towards a key support level at 198.3275. 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.

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

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

Important price line being approached by EURUSD. This price has been tested numerous times before.

EURUSD is heading towards a line of 1.1710. If this movement continues, the price of EURUSD could test 1.1710 within the next 2 days. 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.

A possible move on NAS100 as it heads towards resistance

A Flag pattern was identified on NAS100 at 23520.6888, creating an expectation that it may move to the resistance line at 24314.6545. It may break through that line and continue the bullish trend or it may reverse from that line.

USDJPY may be on a start of a new bullish trend after its breakout through this important resistance level

A strong resistance level has been breached at 147.9660 on the 1 hour USDJPY chart. Technical Analysis theory forecasts a movement to 148.7766 in the next 2 days.

If XAGUSD touches 37.6849 it may be time to take action.

The movement of XAGUSD towards 37.6849 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.

NGC/USD has broken through a level it has tested 5 times in the recent past.

NGC/USD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 2 days and suggests a possible target level to be around 2.7652 within the next 7 […]

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