Traders Edge: Market Briefing 24/05/23
24 May 2023
In today’s Trader’s Edge Market Briefing, Tomasz discovered the following unique setups that you might find interesting:
- The EURUSD finds a key support at 1.076 which is the place where a bullish correction can start
- The GBPJPY trades above a key support and edges higher after the higher CPI reading from the UK
- The EURGBP escapes the mid-term sideways trend to the downside. For the same reason,
- S&P 500 drops below 4190 points, giving a signal to start the bearish correction
- DAX tests and breaks the mid-term up-trendline
- CAC dangerously attacks the 7350 support
- The USDJPY trades above a key support at 137.7, keeping the buy signal alive
- The NZDCAD drops lower, aiming the lower line of the channel down pattern. RBNZ is here to blame