Traders Edge: Market Briefing 22/02/23

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

Today’s Trader’s Edge Market Briefing highlights several unique setups identified by Tomasz.

GBPJPY has broken out of the symmetric triangle to the upside, thanks to better PMI data.

EURUSD remains above the 38.2% Fibonacci level, but there is increasing bearish pressure.

AUDUSD is continuing its descent after bouncing off the neckline of the H&S pattern.

USDCAD is climbing higher, breaking out of the symmetric triangle pattern after weaker retail sales in Canada.

SP500 has dropped sharply, aiming for the mid-term uptrend line.

Dow Jones has broken the mid-term uptrend line, which may start a new bearish wave.

DAX is relatively strong and remains above the 15250 support level.

Brent Oil continues to trade below the major downtrend line, indicating a bearish trend and promoting further decline

Source: https://www.axiory.com/analytics/traders-edge/traders-edge-market-briefing-22-02-23