Traders Edge: Market Briefing 03/08/22

By Tomasz Wisniewski|

Published: August 03 2022, 09:14 GMT+0

Traders Edge: Market Briefing 03/08/22

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

Oil trades are low and staying close to crucial horizontal supports

Gold stops the rise and bounces off a first important resistance – 1780 USD/oz

GBPJPY bounces sharply after falling down from the symmetric triangle pattern

DAX defends the 13350 points support

GBPUSD continues trading inside of the flag. In the long-term, a breakout to the downside seems more probable

EURJPY bounces off an absolutely crucial support on the 50% Fibonacci and does that with a very handsome hammer on the daily chart

USDJPY bounces of 131.5 and seems like a comeback to a main, bullish trend