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

GBPJPY is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.

Emerging Channel Down detected on GBPJPY – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 195.404 and it is expected to move to 192.8130.

BRN/USD has broken out from the Rising Wedge pattern. Expect it to hit 75.5746 soon.

Rising Wedge pattern identified on BRN/USD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 75.5746 in the next 2.

There is a possibility of a big movement on EURUSD after a breach of the resistance

EURUSD has broken through a resistance line. It has touched this line at least twice in the last 3 days. This breakout may indicate a potential move to 1.0340 within the next 6 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]

NAS100 heading towards a price it has tested 6 times in the recent past.

The movement of NAS100 towards 21333.3320 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.

A possible move by USDJPY towards 158.6304

USDJPY moved through the resistance line of a Triangle at 158.23149999999998 on the 30 Minutes 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 158.6304.

There is a possibility of a big movement on NGC/USD after a breach of the resistance

The last 13 1 hour candles on NGC/USD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 3.9132.

ETHUSD – breach of price line that’s been previously tested numerous times before

The breakout of ETHUSD through the 3319.9700 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, ETHUSD could test 3268.3191 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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