Traders Edge: Market Briefing 14/12/22

By Tomasz Wisniewski|

Published: December 14 2022, 12:42 GMT+0

Traders Edge: Market Briefing 14/12/22

In today’s Trader’s Edge Market Briefing, Tomasz found the following unique setups we thought you’d find interesting.

EURUSD enjoys yesterday’s lower inflation in the US and breaks from the ascending triangle pattern to the upside

EURAUD is still waiting for breakout from the rectangle

Gold climbs to new, mid-term highs

SP500 creates a shooting star on a daily chart bouncing off the key down trendline, which is pretty bearish

DAX also with a bearish bounce but off the crucial horizontal resistance

GBPJPY tries to completely erase the buy signal from the beginning of the week

CADJPY breaks key horizontal support, which may start a new bearish wave

USDCHF continues the bearish trend after successfully breaking two crucial supports

EURGBP still fights on the 0.858 support, creating an absolutely key bullish stronghold at the moment. The bounces are getting smaller, indicating a willingness for the breakout

Oil enjoys a reversal after catastrophic last week