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.

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