Traders Edge: Market Briefing 06/06/22

By Tomasz Wisniewski |

Published: June 06, 2022

Traders Edge: Market Briefing 06/06/22

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

Oil doesn’t drop even after Saudi Arabia announces an increase in output. The price of Brent is getting ready to break the 123 USD/bbl. resistance

USDCAD is consequently aiming the dynamic long-term up trendline after a major head and shoulders pattern

GBPUSD escapes from negative territory and tries to deny the head and shoulders pattern

NZDUSD is doing pretty much the same but with a triple-top formation

USDJPY has, in one week, cancelled the three weeks of a drop. Currently we’re on a long-term horizontal resistance

CADJPY is showing the beauty of price action. Three corrections and three comebacks to a main bullish trend

Gold is dropping lower after reaching the 38,2% Fibonacci. We’re also inside of the wedge pattern, so the situation is definitely more bullish

DAX is looking sharp at the beginning of this week. It looks like we’ll test the 14800 points soon

Nasdaq also starts a new week on the front foot. Test of the 12950 points look imminent.

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