...

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

NAS100 – breach of a trending support line that has been tested at least twice before.

This trade setup on NAS100 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 23065.3538.

XAUUSD – breach of a trending support line that has been tested at least twice before.

XAUUSD moved through the support line of a Triangle at 3423.8957142857143 on the 1 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 3413.4984.

If you’re short EURUSD you should be aware that 1.1722 has just been breached – a level tested 3 time in the past

The price of EURUSD in heading in the direction of 1.1794. Despite the recent breakout through 1.1722 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

LTCUSD heading towards a price it has tested 3 times in the recent past.

LTCUSD is about to retest a key horizontal resistance level near 120.0900. It has tested this level 3 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.

S&P500 is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.

An emerging Rising Wedge has been detected on S&P500 on the 4 hour chart. There is a possible move towards 6362.3035 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

Because GBPJPY formed a Descending Triangle pattern, we expect it to touch the support line. If it breaks through support it may move much lower

GBPJPY is heading towards the support line of a Descending Triangle and could reach this point within the next 11 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 […]

BTCUSD heading towards a price it has tested 6 times in the recent past.

BTCUSD is approaching a resistance line at 119865.1563. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

Latest company news, corporate actions and partnership announcements

Interesting trading articles, ideas, and thought leadership

The first non-farm payroll report of 2023 in January drove markets higher as traders decided to recalibrate their holdings to

Risk analysis is as critical as market analysis for traders to make informed trading decisions. It helps them size each position adequately, set viable entry and exit points, and hedge risks. A brokerage that enables traders to seamlessly manage risks by embedding risk management within the trading environment enjoys multiple benefits, such as: – Improved […]

The latest report on the Cryptocurrency Market Growth & Trends by Grand View Research predicts that the global crypto market will reach $11.71 billion by 2030, growing at a CAGR of 12.5% from 2023 to 2030. With major digital currencies, such as BTC, ETH, and LTC, all seeing significant gains in the first three months of […]

“If you’re going to be in this game for the long pull, which is the way to do it, you better be able to handle a 50% decline without fussing much about it.” This trading mantra, given by Charlie Munger, helps put market fluctuations into perspective. But traders may get nervous when there are steep […]

Technical advancements and the integration of customised trading solutions within mobile applications have helped retail trading soar since 2020. As a result, the online trading market is projected to hit $18.4 billion, growing at acompound annual growth rate  of 7.8% between 2022 and 2031. A surge in cloud-based trading solutions and AI-powered robo- advisory are key drivers […]

The one thing in common among all traders is that they want to make informed decisions. But that’s where the similarity ends. Every trader has a different requirement for information, simply because their trading strategies, portfolio of assets, preferred time of trading, experience level, financial goals, risk appetite, and trading mindset are different. So, how […]

The growing influx of millennials into the financial markets presents a massive opportunity for brokers. It is important not just to attract new traders but to retain them too. Millennials form the majority of online traders at 58% globally. Millennials are also the generation that prefers taking active control of their finances. The growing influx of […]

Ask your broker today or sign up for a demo
from the Technical Analysis page.