Traders Edge: Market Briefing 15/03/23

In today’s Trader’s Edge Market Briefing, Tomasz discovered the following unique setups you might find interesting.
  • Another bank, Credit Suisse, is facing troubles.
  • Economic data from the US is worse than expected.
  • EURUSD drops significantly and creates a right shoulder of the H&S formation.
  • Surprisingly, USDJPY is also drawing the same pattern.
  • The SP500 drops below the long-term down trendline.
  • DAX makes new yearly lows and tests the mother of all supports at 14800 points.
  • USDCHF bounces off the 0.91 support, which is a key area in the long-term.
  • Gold continues to rise, showing constant demand for safe haven assets.
  • Oil drops rapidly, with WTI breaking the psychological barrier of 70 USD/bbl and hitting new yearly lows. Brent is at its lowest levels since the end of 2021.
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