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

Because USDJPY formed a Triangle pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher

An emerging Triangle has been detected on USDJPY on the 15 Minutes chart. There is a possible move towards 147.9978 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

S&P500 – approaching a resistance line that has been previously tested at least twice in the past

A Rising Wedge pattern was identified on S&P500 at 6629.82, creating an expectation that it may move to the resistance line at 6647.5525. It may break through that line and continue the bullish trend or it may reverse from that line.

Bulls aim for 69.3832 after the BRN/USD triggered a bullish formation on the 4 hour chart

BRN/USD moved through the resistance line of a Triangle at 67.55997435897437 on the 4 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 69.3832.

A Channel Up has formed, FTSE100 is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

FTSE100 is approaching the support line of a Channel Up. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 14 hours.

Important resistance line being approached by XAGUSD. This price has been tested numerous time in the last 5 days

Emerging Rising Wedge detected on XAGUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 42.72075 and it is expected to move to 42.8930.

Big movement possible on ETHUSD after a breach of 4646.8701

ETHUSD has broken through a line of 4646.8701. If this breakout holds true, we could see the price of ETHUSD heading towards 4715.0781 within the next 14 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]

GBPJPY – approaching a resistance line that has been previously tested at least twice in the past

A Channel Up pattern was identified on GBPJPY at 200.3795, creating an expectation that it may move to the resistance line at 201.0890. It may break through that line and continue the bullish trend or it may reverse from that line.

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