Traders Edge: Market Briefing 14/06/23

By Tomasz Wisniewski|

Published: June 14 2023, 05:53 GMT+0

Traders Edge: Market Briefing 14/06/23

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

  • Brent Oil: Bouncing off the horizontal support at 71.6 USD/bbl , currently denying the sell signal.
  • Gold: Moving sideways within a pennant formation.
  • Indices: Climbing higher, with Dow Jones facing horizontal resistance at 34,300 points.
  • USDJPY: Breaking out of the symmetric triangle to the upside, indicating a buy signal.
  • USDCAD: Attempting to break the lower line of the symmetric triangle pattern, which could generate a long-term sell signal.
  • Japanese Yen: Weakest currency at the moment, resulting in many pairs with the Japanese Yen reaching long-term highs.
  • EURGBP: Attempting to deny the bullish engulfing pattern from two days ago, potentially signaling an opportunity to go short.