Traders Edge: Market Briefing 29/11/21

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

So far, the recovery from Friday’s carnage is, let’s say, pretty mild. The same mild as apparently, the symptoms from the new coronavirus strain are. That information was about to drive today’s reversal but as you can see, traders are not encouraged to buy the dip at this point

Gold is defending the mid-term up trendline

SP500 bounced during the Asian session but the European one does not start well

DAX is giving back almost all gains from the Asian session

USDJPY continues the downswing after the breakout of the mid-term up trendline

EURJPY drops after breaking crucial horizontal support

AUDNZD continues a very technical movement by creating a wedge finishing the correction on the 38,2% Fibonacci

USDCHF is trading lower after the false breakout from the symmetric triangle

The Mexican Peso continues the weakening to USD and EUR despite quite a good opening after the weekend