Traders Edge: Market Briefing 30/05/22

By Tomasz Wisniewski|

Published: May 30 2022, 08:43 GMT+0

Traders Edge: Market Briefing 30/05/22


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

Indices continue the reversal initiated in the last week

SP500 broke a crucial horizontal support on the 4150 points

Nasdaq bounced off of the 50% Fibonacci and is aiming the 38,2%

DAX escaped from the symmetric triangle pattern and is aiming crucial resistance on the 14850 points

USDJPY tries to escape from the symmetric triangle as well

USDCAD continues the drop influenced by the giant Head and Shoulders pattern

GBPCAD tries to break the lower line of the flag in order to start a new sell signal

GBPAUD is doing pretty much the same thing but breaking the horizontal support

AUDCHF comes back inside of the rectangle. A false bearish breakout can be a good buy signal

GBPJPY tries to end the correction and is putting heavy pressure on resistances