Traders Edge: Market Briefing 10/05/23
10 May 2023
In today’s Trader’s Edge Market Briefing, Tomasz discovered the following unique setups you might find interesting:
- EURUSD broke the lower line of an ascending triangle pattern and used the line as a resistance today
- Indices keep continuing a bearish correction
- EURGBP is setting new yearly lows after a breakout of two key long-term supports
- Oil introduces a bearish correction after four bullish days in a row
- NZDJPY is making itself comfortable above a horizontal resistance on 85.3
- AUDUSD is bouncing off a resistance on the 38,2% Fibonacci
- GBPCAD bounces off a key support on 1.685, although the upswing is far from spectacular
- GBPCHF continues to rise after a successful defense of the 1.108 support
- EURPLN collapses and continues a proper sell signal started by a bearish breakout from the symmetric triangle pattern