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

S&P500 – approaching a price line that has been previously tested numerous times in the past

S&P500 is approaching a support line at 6715.0200. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

Because BRN/USD formed a Falling Wedge pattern, we expect it to touch the support line. If it breaks through support it may move much lower

BRN/USD 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 2 days and may test it again within the next 6 hours.

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

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 23 hours and may test it again within the next 5 hours.

XAUUSD moves lower to 3957.315 in the last 6 hours.

XAUUSD just posted a 1.5% move over the past 6 hours – a move that won’t go unnoticed by any trading style.

NAS100 is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.

An emerging Channel Up has been detected on NAS100 on the 30 Minutes chart. There is a possible move towards 25312.2104 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

After testing support twice in the past, BRN/USD has finally broken through. Can we expect a bearish trend to follow?

This trade setup on BRN/USD 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 66.0546.

Because FTSE100 formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher

An emerging Rising Wedge has been detected on FTSE100 on the 1 hour chart. There is a possible move towards 9602.6588 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

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