Traders Edge: Market Briefing 28/06/22

By Tomasz Wisniewski |

Published: June 28 2022, 08:31 GMT+0

Traders Edge: Market Briefing 28/06/22

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

Oil climbs higher after comments from two leading OPEC countries about their inability to boost production

Nasdaq climbs back above the 50% Fibonacci and is currently breaking the upper line of the wedge, which is bullish

DAX tries to break the neckline of the triple-bottom formation, which when completed, could be considered a signal to buy

GBPUSD moves sideways. Technical traders are waiting for the completion of a double bottom formation

USDCAD drops after the head and shoulder pattern on the 38,2% Fibonacci – that’s a strong sell

NZDUSD inside of a pennant, waiting for a breakout and a proper trading signal

EURAUD bounces off a 50% Fibonacci and comes back inside of the triangle, that can be a great sell

GBPAUD with a very similar situation – potentially a false breakout and a nice sell signal

 

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