Traders Edge: Market Briefing 25/05/22

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

SP500 pauses a drop precisely to the 38,2% Fibonacci. Potentially a nice double bottom in play

Nasdaq with a similar situation but one level lower – on the 50% Fibo

DAX holds slightly better but here we’re waiting for a bigger impulse, as the price is rather moving sideways

EURUSD is finally allowing the small correction after few days of aiming higher. It’s precisely on a crucial resistance at 1.075

NZDUSD climbs higher after the rate rises from the RBNZ. A crucial horizontal resistance is near

GBPNZD escapes from the flag to the downside, that’s a proper sell signal