Traders Edge: Market Briefing 18/07/22

In today’s Traders Edge Market Briefing, Tomasz found these unique setups that we thought you’d find interesting.

The DAX bounced off a crucial horizontal support and broke the mid-term down trendline, that looks really optimistic.

American Indices are not following this fresh breeze from Europe and are still locked inside of the pennants.

Brent oil defended the 100 USD/bbl and climbed higher, towards the 108 USD/bbl resistance.

The USDCAD somehow managed to defend the 38,2% Fibo and the upper line of the wedge. Time for a bearish counter attack.

The EURUSD is committed to defending the parity as a support.