Traders Edge: Market Briefing 31/05/23

By Tomasz Wisniewski|

Published: May 31 2023, 13:48 GMT+0

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



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