Traders Edge: Market Briefing 24/06/22

By Tomasz Wisniewski |

Published: June 24, 2022

Traders Edge: Market Briefing 24/06/22

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

Oil breaks the mid-term up trendline, which is bearish. The potential target is below the 100 USD/bbl

Gold is pretty much undecided, but staying close to the mid-term uptrend line, so we can’t exclude a breakout and a further drop

GBPUSD cannot initiate a bigger bullish reversal after the price hints at the possibility of a double bottom formation

USDCAD still stays below the 38,2% Fibonacci

Nasdaq climbs back above the 50% Fibonacci and aims the upper line of the falling wedge

DAX is in a much worse position, still dropping after the escape from the symmetric triangle pattern

EURUSD is in a no man’s land waiting for a proper signal

EURAUD reverses on a crucial horizontal resistance

 

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