Traders Edge: Market Briefing 26/10/21

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

Indices extend gains and the party on the stock market goes on

EURUSD is bouncing off the 38,2% Fibonacci and is coming to the downtrend

GBPUSD, on the other hand, is in positive territory, still trading above the major mid-term down trendline

Seems that USDJPY is ending the bearish correction, as the price is breaking the upper line of the wedge and is aiming higher

The same applies to CADJPY, GBPJPY and the majority of pairs with JPY in them

USDCAD advances higher after a triple bottom formation but the rise is shy and most probably, will end soon

NZDUSD is holding above the major horizontal support, keeping the buy signal alive

Silver with a chance for a major inverse head and shoulders pattern. But we are in the early stages, still waiting for the right shoulder

Gold is still in no mans land, waiting for a breakout