Traders Edge: Market Briefing 28/06/23
28 June 2023
In today’s Trader’s Edge Market Briefing, Tomasz has identified the following unique setups that may catch your interest:
- EURUSD: Potential bearish scenario as it attempts to form the right shoulder of a head and shoulders pattern.
- USDCHF: Trading below important horizontal resistance, indicating a sell signal.
- Indices: Experienced a reversal, signaling the beginning of a new bullish correction.
- CAC: Denied head and shoulder pattern, rebounded above the neckline, creating a buy signal.
- DAX: Bounced off crucial horizontal support at 15700 points, generating a buy signal.
- AUDJPY: Currently moving down within a wedge pattern, but long-term prospects suggest an upward breakout.
- USDCAD: Formed a triple bottom and broke the neckline, offering an intriguing buy signal.
- Gold: Currently hitting new monthly lows.
- Brent oil: Currently testing significant horizontal support at $72 per barrel, with a potential breakout below signaling a short opportunity.