Traders Edge: Market Briefing 09/08/23
09 August 2023
In today’s Trader’s Edge Market Briefing, Tomasz has identified the following unique setups that may catch your interest:
- EURUSD: Remains bearish post settling below 1.105 support.
- USDJPY: Aiming downtrend line with positive sentiment.
- USDCHF: Aiming downtrend line, continuing mid-term bullish correction.
- DOW JONES: Positive, maintaining above 34,500 points.
- NASDAQ: Successfully defended 15,250 points horizontal support.
- DAX: Defended 15,700 points horizontal support and long-term uptrend line.
- USDCHF: Re-entered symmetric triangle after double bottom formation; bouncing off the uptrend line.
- NZDUSD: Sell signal activated post long-term uptrend line break.
- GBPCHF: Bouncing off the lower edge of long-term horizontal support.
- EURGBP: Trending down after rejecting the neckline of inverse head and shoulders & long-term downtrend line.
- Oil: Displayed V-shaped reversal near local tops, signifying strong bullish momentum.