Traders Edge: Market Briefing 31/05/23
31 May 2023
In today’s Trader’s Edge Market Briefing, Tomasz discovered the following unique setups that you might find interesting:
- The EURUSD continues dropping and it is establishing new monthly lows
- The USDCHF breaks above key resistance at 0.9070
- S&P 500 attacks the 4190 support. Potential breakout might be lethal
- DAX is testing a neckline of a bigger head and shoulders pattern
- CAC plummets after breaking a long-term up-trendline
- Gold climbs higher thanks to the risk OFF mode and despite the stronger USD
- Oil drops sharply with Brent testing the lows from the beginning of May
- The AUDUSD shows some very handsome price action, as it is going lower after testing broken support as the closest resistance