Week of reversals? [Video]
|In today’s Traders Edge Market Briefing, Tomasz found these unique setups that we thought you’d find interesting.
We are not even halfway through the European session and there’s already enough volatility for a whole week!
The Dollar Index starts with a rapid correction.
EURUSD creates a hammer on the lower line of the channel down pattern, if this setup will hold, that would be a nice buy signal.
Oil drops to new mid-term lows but meets a lower line of the wedge, which potentially can act as a support.
GBPUSD is probably the most popular instrument today as this pair sets new all-time lows! Parity here as well?
GBPJPY drops and meets a crucial, long-term support. A hammer on the weekly chart looks promising but hey…it’s just Monday.
SP500 tests a crucial, long-term horizontal support. A breakout will give us a major sell signal.
DAX already did that and broke a key, horizontal support. Here, the sell signal is ON.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.