Traders Edge: Market Briefing 24/05/23

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

• The EURUSD finds a key support at 1.076 which is the place where a bullish correction can start
• The GBPJPY trades above a key support and edges higher after the higher CPI reading from the UK
• The EURGBP escapes the mid-term sideways trend to the downside. For the same reason,
• S&P 500 drops below 4190 points, giving a signal to start the bearish correction
• DAX tests and breaks the mid-term up-trendline
• CAC dangerously attacks the 7350 support
• The USDJPY trades above a key support at 137.7, keeping the buy signal alive
• The NZDCAD drops lower, aiming the lower line of the channel down pattern. RBNZ is here to blame

Source: https://www.axiory.com/analytics/traders-edge/traders-edge-market-briefing-24-05-23