Traders Edge: Market Briefing 31/05/23

In today’s Trader’s Edge Market Briefing, Tomasz discovered the following unique setups that you might find interesting:

• The EURUSD continues dropping and it is establishing new monthly lows
• The USDCHF breaks above key resistance at 0.9070
• S&P 500 attacks the 4190 support. Potential breakout might be lethal
• DAX is testing a neckline of a bigger head and shoulders pattern
• CAC plummets after breaking a long-term up-trendline
• Gold climbs higher thanks to the risk OFF mode and despite the stronger USD
• Oil drops sharply with Brent testing the lows from the beginning of May
• The AUDUSD shows some very handsome price action, as it is going lower after testing broken support as the closest resistance

Source: https://www.axiory.com/analytics/traders-edge/traders-edge-market-briefing-31-05-23