Traders Edge: Market Briefing 19/07/21

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

We start a new week with a decline in major indices. The SP500 dropped and is aiming for the target of 4250

The DAX, is aiming for the support level of 14800 after breaking a major uptrend line

Gold is suffering from a stronger USD

Oil broke the neckline of a head and shoulders pattern and is aiming lower

The same with the EURUSD, here the potential drop can be huge

The GBPUSD also broke a major support that is coming from the double top formation

The EURNZD is waiting for a breakout from the symmetric triangle

The GBPCHF is moving sideways inside of a rectangle pattern

The AUDUSD broke the 23,6% Fibonacci and is aiming for the 38,2%, this is a very clean bearish setup