Traders Edge: Market Briefing 25/10/23
25 October 2023
25/10/23
In today’s Trader’s Edge Market Briefing, Tomasz has identified the following unique setups that may catch your interest:
- EURUSD: Dipped below the pivotal 1.061 support, signaling a strong bearish sentiment.
- USDCHF: Gearing up for a bullish reversal, though the resilient Franc poses a challenge.
- USDJPY: Teetering just shy of the critical 150 mark. Keep an eye out for potential interventions by the Bank of Japan.
- Indices: A potential bullish resurgence in the air, but the momentum remains sluggish. Notably, NASDAQ, DAX, and Doge's stand firm above their respective key supports, yet a breakout looms.
- AUDUSD: Encountering resistance at the top boundary of its channel down formation. The emergence of a shooting star suggests a bearish outlook.
- NZDUSD: On a downward trajectory, honoring the recent horizontal resistance pegged at 0.587.
- GBPCHF: Sustaining its descent after breaking free from a prolonged sideways trend.
- Oil: On the brink of challenging key horizontal thresholds. A potential breach could pave the way for a compelling sell signal.