Traders Edge: Market Briefing 07/06/23

By Tomasz Wisniewski|

Published: June 07 2023, 11:32 GMT+0

Traders Edge: Market Briefing 07/06/23

In today’s Trader’s Edge Market Briefing, Tomasz has identified the following unique setups that may catch your interest:

  • EURUSD: Currently moving sideways, but still within the bearish territory.
  • USDCHF: Attempting to conclude a bullish correction resembling a flag pattern and preparing for a downward move.
  • Indices: Positioned favorably within a flat correction near local tops.
  • AUDJPY: Demonstrating strength as it strives to break out of a channel up formation towards the upside.
  • AUDUSD: Exhibiting a fifth consecutive bullish candle.
  • GBPJPY: Rebounding higher from the neckline of a Head and Shoulders pattern and the long-term upward trendline.
  • USDCAD: Setting its sights lower to test the lower boundary of a significant symmetric triangle once again.
  • EURPLN: Continuing its descent after breaking out of a rectangle pattern.