No double bottom on the Dollar?
|In today’s Traders Edge Market Briefing, Tomasz found these amazing setups that we thought you’d find interesting.
Oil breaks the mid-term up trendline, which is bearish. The potential target is below the 100 USD/bbl.
Gold is pretty much undecided, but staying close to the mid-term uptrend line, so we can’t exclude a breakout and a further drop.
GBPUSD cannot initiate a bigger bullish reversal after the price hints at the possibility of a double bottom formation.
USDCAD still stays below the 38,2% Fibonacci.
Nasdaq climbs back above the 50% Fibonacci and aims the upper line of the falling wedge.
DAX is in a much worse position, still dropping after the escape from the symmetric triangle pattern.
EURUSD is in a no man’s land waiting for a proper signal.
EURAUD reverses on a crucial horizontal resistance.
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