Traders Edge: Market Briefing 17/05/23

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

• EURUSD continues to drop after escaping from the ascending triangle to the downside.
• SP500 is moving sideways, waiting for an impulse.
• DAX is performing slightly better, trading close to the long-term highs.
• CAC is defending a key horizontal support for the third time.
• AUDJPY is moving sideways inside a pennant pattern.
• EURGBP continues to trade below a key resistance at 0.873.
• A stronger dollar is hurting gold, which is on its way to testing the 23.6% Fibonacci level and the lows from April.
• USDJPY is approaching the upper line of the triangle formation, where we may witness a decisive breakout and a buy signal.
• GBPCAD has broken a key, long-term horizontal support and is aiming for the long-term up trendline (black).
Show More Articles
Axiory uses cookies to improve your browsing experience. You can click Accept or continue browsing to consent to cookies usage. Please read our Cookie Policy to learn more.