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

Support line breached by ETHUSD. This price has been tested at least twice before.

The breakout of ETHUSD through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of ETHUSD testing 2346.8615 within the next 3 days.

FTSE100 is signaling a possible trend reversal on the intraday charts with price not breaching support.

The movement of FTSE100 towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 5 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]

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

The movement of EURUSD towards 1.0338 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.

LTCUSD moves higher to 126.57 in the last 2 days.

LTCUSD experienced an extremely large move that lasted 2. This movement is in the 95.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.

XAUUSD moves higher to 2917.92 in the last 56 days.

Those of you that are trend followers are probably eagerly watching XAUUSD to see if its latest 12.74% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 56 days move.

S&P500 – approaching a support line that has been previously tested at least twice in the past

Emerging Triangle pattern in its final wave was identified on the S&P500 1 hour chart. After a strong bearish run, we find S&P500 heading towards the upper triangle line with a possible resistance at 6040.5204. If the support shows to hold, the Triangle pattern suggests a rebound back towards current levels.

FTSE100 moves higher to 8738.16 in the last 6 days.

FTSE100 rose sharply for 5 days – 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 FTSE100 there is a chance that we will witness a correction, no matter how brief.

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Congratulations! You have a new trader signed up for your demo account. However, this is only the first small step towards a new live trader. At this stage, most traders may be feeling sceptical or nervous about depositing funds into a live account with your broker, while others may still be wondering whether they have […]

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