Traders Edge: Market Briefing 15/03/23

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

Another bank, Credit Suisse, is facing troubles.

Economic data from the US is worse than expected.

EURUSD drops significantly and creates a right shoulder of the H&S formation.

Surprisingly, USDJPY is also drawing the same pattern.

The SP500 drops below the long-term down trendline.

DAX makes new yearly lows and tests the mother of all supports at 14800 points.

USDCHF bounces off the 0.91 support, which is a key area in the long-term.

Gold continues to rise, showing constant demand for safe haven assets.

Oil drops rapidly, with WTI breaking the psychological barrier of 70 USD/bbl and hitting new yearly lows. Brent is at its lowest levels since the end of 2021.

Source: https://www.axiory.com/analytics/traders-edge/traders-edge-market-briefing-15-03-23