Traders Edge: Market Briefing 20/09/23
20 September 2023
In today’s Trader’s Edge Market Briefing, Tomasz has identified the following unique setups that may catch your interest:
- S&P 500: Navigating within a symmetric triangle, having witnessed a bearish engulfing from the triangle's upper boundary.
- Dow Jones: On the defensive, battling to uphold its long-term uptrend line and the crucial horizontal threshold at 34,500 points.
- EURUSD: Enclosed within a descending channel, painting a negative sentiment landscape.
- USDJPY: Soaring to fresh long-term zeniths.
- GBPCHF: Mounting relentless pressure on the pivotal horizontal base at 1.107.
- EURGBP: Targeting September's peak levels.
- AUDJPY: Mirroring EURGBP's pursuit of September highs.
- Oil: Initiating a bearish recalibration, marked by yesterday's shooting star formation. Today’s trading reinforces the bearish sentiment with a distinctive candle boasting lower lows and lower highs.