Yen weakens again [Video]
|In today’s Traders Edge Market Briefing, Tomasz found these amazing setups that we thought you’d find interesting.
Indices continue the bearish correction but in a very limited manner. It seems like buyers are in a full control of the situation.
The SP500 is very close to the resistance level on the 23.6% Fibonacci, a breakout of that resistance will be a great confirmation of a buy signal.
NASDAQ is doing pretty much the same but below the 38,2% Fibonacci.
Brent Oil slightly dropped after touching March highs. The sentiment remains positive.
The USDJPY continues the upswing after the pair escaped from the symmetric triangle pattern.
The EURUSD is trying to create a nice Head and Shoulders pattern on a crucial horizontal resistance.
The EURGBP is locked inside of a rectangle. We have to wait for the breakout.
The USDCAD continues sliding aiming for the lower line of the ascending triangle.
The GBPCAD dropped after the price broke the lower line of the flag.
The GBPAUD also dropped but after leaving a small pennant formation.
The GBPJPY is aiming for the 164 resistance after a successful escape from the symmetric triangle pattern.
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.