Traders Edge: Market Briefing 07/12/22

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

After two days of going lower, EURUSD is rising on Wednesday

USDJPY also climbs higher, trying to reach the 139 resistance

EURAUD escapes to the upside from the mid-term sideways trend. That is a strong buy

Gold drops below the 38,2% Fibonacci

Indices extend the bearish correction. Sellers are currently intensifying their efforts

GBPJPY currently trades below the combination of horizontal and dynamic support. Breakout to the upside will give a strong buy signal

USDCHF defends key long-term support. That may start a new bullish wave

The same things are happening on the EURGBP

Oil drops to new long-term lows but buyers are currently trying to create a hammer candle, which would be a good base for a bullish counterattack.