In today’s Traders Edge Market Briefing, Tomasz found these amazing setups that we thought you’d find interesting.
USDJPY overnight corrects the 50% of the most recent downswing
GBPJPY also slightly corrects the recent slide and tests the major horizontal resistance
It’s also correction day for the SP500 and Nasdaq
DAX, German Index is doing much better than its American peers. The weak Euro is to blame, which is helping German exporters
EURUSD joins the correction party as well. 1.05 on the horizon
Gold breaks a major, long-term up trendline
AUDUSD breaks the long-term, horizontal support on the 0.7. That’s pretty negative
EURCHF drops to test a combination of three crucial supports, the down trendline, a horizontal one and the upper line of the symmetric triangle
GBPAUD with a massive double bottom formation. The price is close to a neckline, so a breakout here would be a major buy signal
