Traders Edge: Market Briefing 16/08/23

By Tomasz Wisniewski|

Published: August 16 2023, 05:28 GMT+0

Traders Edge: Market Briefing 16/08/23

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

  • EURUSD: Trading lower, nearing monthly lows after breaking the mid-term uptrend line.
  • USDJPY: Settling comfortably above the 145 resistance level.
  • S&P 500: Breaking its mid-term uptrend line and heading lower after a bleak session yesterday.
  • Dow Jones: Targeting a critical horizontal support level at 34,500 points.
  • NASDAQ: Continuing its downward journey within a flag formation.
  • DAX: Engaged in a pivotal battle at the 15,700 points mark.
  • NZDUSD: Potentially initiating a bullish correction following the interest rate decision from New Zealand.
  • Gold: In the midst of a decisive standoff at the $1900 horizontal support level.
  • WTI Oil: Trending lower after the false breakout above the $83 per barrel resistance.
  • Brent Oil: Declining following a rejection at the key horizontal resistance level of $88 per barrel

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