Traders Edge: Market Briefing 09/08/23

By Tomasz Wisniewski|

Published: August 09 2023, 07:45 GMT+0

Traders Edge: Market Briefing 09/08/23

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

  • EURUSD: Remains bearish post settling below 1.105 support.
  • USDJPY: Aiming downtrend line with positive sentiment.
  • USDCHF: Aiming downtrend line, continuing mid-term bullish correction.
  • DOW JONES: Positive, maintaining above 34,500 points.
  • NASDAQ: Successfully defended 15,250 points horizontal support.
  • DAX: Defended 15,700 points horizontal support and long-term uptrend line.
  • USDCHF: Re-entered symmetric triangle after double bottom formation; bouncing off the uptrend line.
  • NZDUSD: Sell signal activated post long-term uptrend line break.
  • GBPCHF: Bouncing off the lower edge of long-term horizontal support.
  • EURGBP: Trending down after rejecting the neckline of inverse head and shoulders & long-term downtrend line.
  • Oil: Displayed V-shaped reversal near local tops, signifying strong bullish momentum.