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

Breach of 76.5885 could mean a start of a bullish trend on BRN/USD

The breakout of BRN/USD through the 76.5885 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, BRN/USD could test 77.4415 within the next 12 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.

Important support line being approached by BTCUSD. This price has been tested numerous time in the last 8 days

An emerging Channel Up has been detected on BTCUSD on the 1 hour chart. There is a possible move towards 100884.2088 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

Important price line breached by NGC/USD. This price has been tested numerous times before.

NGC/USD has broken through 3.7995 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, NGC/USD may be heading towards 3.6459 within the next 14 hours.

Big movement possible on USDJPY after a breach of 157.9480

The breakout of USDJPY through the 157.9480 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USDJPY could test 158.7472 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

ETHUSD is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.

ETHUSD is heading towards the resistance line of a Channel Up. If this movement continues, the price of ETHUSD could test 3892.1375 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

NAS100 heading towards a price it has tested 3 times in the recent past.

A strong support level has been identified at 21399.8145 on the 30 Minutes NAS100 chart. NAS100 is likely to test it soon.

FTSE100 has broken through support of a Triangle. It has touched this line at least twice in the last 8 days.

You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 8160.4777 but consider reducing the size of your position as the price gets […]

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