Traders Edge: Market Briefing 16/08/21

By Tomasz Wisniewski|

Published: August 16 2021, 08:27 GMT+0

Traders Edge: Market Briefing 16/08/21


In today’s Traders Edge Market Briefing, Tomasz found these amazing setups we thought you’d find interesting!

Gold is in a proper V-shape reversal bouncing from the 38,2% Fibonacci. That can be the end of the bear market.

Silver is in a slightly worse situation but still it bounced from an important horizontal support.

Platinum is respecting the Fibonacci levels. For the buy signal, we need to see a breakout of the 38,2% level.

Palladium is inside a mid-term symmetric triangle. A breakout will show us a direction.

Crude Oil is defending a crucial horizontal support at the 66,5 USD/bbl but for how long?

The Dow Jones is in a pessimistic candlestick pattern on the daily chart but there’s still time to deny it.

The EURUSD is in a false bearish breakout below the neckline of the Head and Shoulders pattern. This can be a positive signal.

The GBPAUD is escaping from the pennant to the upside.

The GBPCHF is testing the neckline and the upper line of the wedge but this time, from the upside. As long as the price is above, the sentiment is positive.



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