Traders Edge: Market Briefing 04/01/23

By Tomasz Wisniewski|

Published: January 04 2023, 10:29 GMT+0

Traders Edge: Market Briefing 04/01/23

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

USDJPY made a very important reversal on the 131 support

China is to lift the ban on Australian Coal, and thus AUD is rising significantly. EURAUD is on its way to test the 1.53 support

Gold escaped the channel up… to the upside, which is a proper display of strength

DAX escapes the holiday sideways trend to the upside

American indices are still in the holiday range but the FOMC should be a proper reason to leave it

GBPUSD bounces off key support and comes back inside of the pennant. That is a classic false bearish breakout giving us a proper buy signal

Oil dropped heavily yesterday and continues to do so on Wednesday, which allows the price to end the bullish correction and start a new bearish wave. The sell signal is ON