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.

Source: https://www.axiory.com/analytics/traders-edge/traders-edge-market-briefing-09-08-23