Traders Edge: Market Briefing 05/04/23

By Tomasz Wisniewski|

Published: April 05 2023, 11:32 GMT+0

Traders Edge: Market Briefing 05/04/23

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

  • USDJPY breaks below the flag pattern, triggering a sell signal.
  • After a false breakout above the 15650 resistance, the DAX goes lower.
  • USDCHF hits new long-term lows after breaking the 0.91 support.
  • GBPJPY bounces off the upper line of the flag, forming a nice shooting star candle.
  • EURAUD continues its rally after a false bearish breakout of the uptrend line from earlier this week.
  • AUDJPY aims for the 86 support level after breaking the neckline of the H&S formation and moving lower.
  • EURGBP bounces off the long-term uptrend line and the horizontal support at 0.873.
  • Gold continues to trade at local highs with an appetite for 2060 USD/oz.
  • Oil continues to trade sideways after a huge bullish gap over the weekend.



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