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

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

USDJPY is heading towards the resistance line of a Ascending Triangle. If this movement continues, the price of USDJPY could test 155.8294 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

It’s time to make a decision on BRN/USD – its recent breach of 76.0120 could be a sign of a new trend to follow.

BRN/USD is once again retesting a key horizontal support level at 76.0120. It has tested this level 4 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.

A possible move on S&P500 as it heads towards resistance

An emerging Rectangle has been detected on S&P500 on the 4 hour chart. There is a possible move towards 6119.4550 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

A possible move on GBPJPY as it heads towards support

GBPJPY is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 9 hours.

NAS100 experienced a very large 3 days bearish move to 20929.8791

NAS100 has moved lower by 3.96% from 21793.6081 to 20929.8791 in the last 3 days.

EURUSD hits 1.02215 after a 1.91% move spanning 3 days

A movement of 1.91% over 3 days on EURUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.

XAGUSD – It’s perhaps in these huge moves where the greatest opportunity lies

XAGUSD has moved lower by 2.55% from 31.663 to 30.855 in the last 3 days.

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