Traders Edge: Market Briefing 29/12/21

By Tomasz Wisniewski|

Published: December 29 2021, 09:45 GMT+0

Traders Edge: Market Briefing 29/12/21


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

Santa is here, even after Christmas. Indices continue the movement to the upside. Many major indices are currently flirting with all-time-highs.

Dollar Index continues trading inside of the pennant formation. Breakout should happen really soon.

Of course a very similar situation can be spotted on the EURUSD, where the price is slowly approaching the end of this sideways movement

GBPUSD is enjoying the bounce from the 38,2% Fibo and the lower line of the flag formation

Almost the same is happening on the NZDUSD but here buyers are more cautious and the bullish momentum is not as admirable as on the Cable

CHFJPY is enjoying the upswing after the price was locked between Fibos for almost six weeks. Great example of what happens when the price eventually escapes from the sideways trend

Silver is not bothered by the stronger USD and is aiming for the long-term dynamic resistance

Gold is doing slightly worse. The shooting star on a daily chart can especially be a problem for buyers

Oil broke a major horizontal and dynamic resistance. Sentiment with that is definitely bullish