Traders Edge: Market Briefing 07/09/22

By Tomasz Wisniewski|

Published: September 07 2022, 11:30 GMT+0

Traders Edge: Market Briefing 07/09/22

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

Oil bounces off a very important long-term support and does so with a very handsome hammer candlestick pattern. This could be a great buy.

EURUSD keeps falling. Parity is already a long-forgotten dream.

NZDJPY accelerates to the upside after escaping from a symmetric triangle pattern.

USDJPY surges higher creating new long-term highs.

GBPUSD on the other hand, is currently making new, long-term lows.

DAX fails to create a triple bottom formation but surprisingly, buyers remain quite strong.

AUDUSD tests the mid-term horizontal support. In theory, it’s a great occasion to buy but we don’t see any demand here so far.

EURCAD bounces off a key mid-term resistance, which is a very promising occasion to sell.