Traders Edge: Market Briefing 19/04/23

By Tomasz Wisniewski|

Published: April 19 2023, 11:59 GMT+0

Traders Edge: Market Briefing 19/04/23

In today’s Trader’s Edge Market Briefing, Tomasz discovered the following unique setups that you might find interesting:

  • USDJPY is climbing higher and has made itself very comfortable above the 134 support.
  • EURUSD is attempting to break the lower line of the channel up pattern. If successful, we will receive a proper signal to sell.
  • USDCHF is coming back towards the 0.91 resistance.
  • USDCAD is rising sharply in order to test the broken uptrend line as the closest resistance.
  • EURGBP is continuing to move sideways inside a symmetric triangle pattern, despite rising inflation in the UK.
  • Gold has broken the lower line of the channel up formation and is aiming for the 1950 USD/oz support.
  • Oil has broken the lower line of the sideways trend and is aiming lower to close the OPEC+ gap.
  • GBPUSD is aiming lower after the price creates a double top formation.
  • EURPLN continues the downswing after the bearish breakout from the symmetric triangle and the 4.64 support.
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