Traders Edge: Market Briefing 08/02/23

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

After escaping the channel-down pattern, USDJPY fights on the 131 support

GBPJPY continues moving sideways inside the symmetrical triangle pattern

EURUSD records fourth bearish day in a row but Wednesday may bring a correction

Dow Jones attacks the upper line of the triangle but the breakout is still far from certain

EURCHF breaks the lower line of the wedge and triggers a proper, long-term sell signal

USDCHF fails to break the upper line of the channel down formation and continues trading inside of this formation

Gold finds support on the lower line of the channel-up pattern

Oil reverses but the situation is still far from great. Brent is staying in a negative territory

Source: https://www.axiory.com/analytics/traders-edge/traders-edge-market-briefing-08-02-23