Traders Edge: Market Briefing 21/05/21

In today’s Traders Edge Market Briefing, Tomasz found these amazing setups we thought you’d find interesting!

Indices hold strong after most of them create a double bottom formation. In some cases, it is strengthened by the fact that the price bounced off a long-term uptrend line. This is the bread and butter for technical buyers

Gold is inside of a pennant formation waiting for, most probably, a bullish breakout

Brent Oil bounces from a crucial support on the 65 USD/bbl

The EURUSD pair is on a good way to beat the highs from the beginning of the year

The USDCAD pair with a new, long-term lows and not stopping

The EURPLN pair breaks the major long-term uptrend line, showing us a global positive sentiment towards risky assets