Traders Edge: Market Briefing 09/11/20

If you are a stock trader and are wondering why your wallet is a bit heavier today then we have to tell you: it’s the vaccine! Pfizer announced that their vaccine is very effective and the market went nuts!

SP500 is on all time highs

DAX breaks the line connecting the top of the head and the right shoulder of the H&S formation

CAC goes above highs from June

FTSE breaks the upper line of the flag Gold collapses heavily

Oil tests the upper line of the symmetric triangle

Dollar Index on the other hand breaks the lower line of the symmetric triangle

AUDUSD climbs higher after breaking the upper line of the wedge

EURAUD shows how to deal with the false breakouts. Hint: You trade them!

USDCAD breaks crucial horizontal support