Traders Edge: Market Briefing 30/08/23

In today’s Trader’s Edge Market Briefing, Tomasz has identified the following unique setups that may catch your interest:

• EURUSD: Climbing back above the neckline of the triple top formation, effectively canceling the previous sell signal.
• USDJPY: Experiencing a sharp reversal from its monthly highs, suggesting a possible bearish trend ahead.
• USDCHF: Nearing the end of its rising wedge pattern, indicating a potential bearish breakout is on the horizon.
• AUDJPY: Successfully breaking above the upper line of its wedge formation, signaling a buy opportunity for traders.
• NZDUSD: Teetering on the edge of completing a double-bottom formation, almost triggering a buy signal.
• Dow Jones: Making a decisive climb back above 34,500 points, providing a strong buy signal to the market.
• NASDAQ: Nullifying the head and shoulders formation as it ascends toward its monthly highs.
• DAX: Shattering the neckline of its inverse head and shoulders pattern while climbing back above its long-term uptrend line, marking a bullish move.
• WTI Oil: Breaking free from its falling wedge pattern and targeting a price of $83 per barrel.
• Brent Crude: Also negating its head and shoulders formation as it sets its sights on $88 per barrel.