Traders Edge: Market Briefing 10/05/23

By Tomasz Wisniewski|

Published: May 10 2023, 11:05 GMT+0

Traders Edge: Market Briefing 10/05/23

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

  • EURUSD broke the lower line of an ascending triangle pattern and used the line as a resistance today
  • Indices keep continuing a bearish correction
  • EURGBP is setting new yearly lows after a breakout of two key long-term supports
  • Oil introduces a bearish correction after four bullish days in a row
  • NZDJPY is making itself comfortable above a horizontal resistance on 85.3
  • AUDUSD is bouncing off a resistance on the 38,2% Fibonacci
  • GBPCAD bounces off a key support on 1.685, although the upswing is far from spectacular
  • GBPCHF continues to rise after a successful defense of the 1.108 support
  • EURPLN collapses and continues a proper sell signal started by a bearish breakout from the symmetric triangle pattern