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

FTSE100 seems to be on its way to resistance – a possible opportunity?

FTSE100 is heading towards 8814.3701 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

XAUUSD formed a Channel Down on the 4 hour chart. Retest of support in sight.

XAUUSD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 10 days and may test it again within the next 2 days.

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

GBPJPY is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 15 days and may test it again within the next 3 days.

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

LTCUSD is moving towards a key support level at 84.0200. This is a previously tested level for LTCUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

Breach of resistance could mean a start of a bullish trend on USDJPY

USDJPY has broken through a resistance line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 144.9037 within the next 7 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]

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

Emerging Falling Wedge pattern in its final wave was identified on the ETHUSD 4 hour chart. After a strong bearish run, we find ETHUSD heading towards the upper triangle line with a possible resistance at 2328.5380. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.

BRN/USD moves lower to 67.5305 in the last 7 days.

Due to the rate of consecutive bearish candles on BRN/USD Daily chart we could be in for a price correction. If not, this trend could be a sign of things to come

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