Traders Edge: Market Briefing 01/02/23

By Tomasz Wisniewski|

Published: February 01 2023, 08:21 GMT+0

Traders Edge: Market Briefing 01/02/23

In today’s Trader’s Edge Market Briefing, Tomasz discovered the following unique setups you might find interesting.

USDJPY awaits the FED below a key resistance on the 131

EURUSD stopped moving completely in the past few days. The only direction the chart is moving now is right

EURAUD is dangerously descending toward the 1.527 support

SP500 created a very promising bullish candle yesterday and traders seem quite optimistic about today’s FED

DAX is still trading inside of a pennant but Wednesday for sure will bring us a breakout

Dow Jones is having a very similar situation to DAX but the pennant is slightly bigger

EURCHF is flirting with key support created by the lower line of the wedge and the low from February 2022