Traders Edge: Market Briefing 24/05/23

By Tomasz Wisniewski|

Published: May 24 2023, 09:26 GMT+0

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



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