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

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

The last 8 4 hour candles on XAUUSD formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 3304.9676.

After testing 194.0700 numerous times, GBPJPY has finally broken through. Can we expect a bullish trend to follow?

The breakout of GBPJPY through the 194.0700 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBPJPY could test 194.8174 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

After testing the resistance line numerous times, BTCUSD is once again approaching this line. Can we expect a bullish trend to follow?

BTCUSD is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 19 hours.

If you’re short NAS100 you should be aware that 21178.3555 has just been breached – a level tested 5 time in the past

A strong resistance level has been breached at 21178.3555 on the 1 hour NAS100 chart. Technical Analysis theory forecasts a movement to 21282.5684 in the next 8 hours.

EURUSD is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 4 days.

EURUSD is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]

After trying numerous times in the past, S&P500 finally breaks 5861.2402!

The breakout of S&P500 through the 5861.2402 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, S&P500 could test 5884.4248 within the next 11 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.

A possible move on XAGUSD as it heads towards resistance

An emerging Rising Wedge has been detected on XAGUSD on the 4 hour chart. There is a possible move towards 33.9280 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

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