Tomasz Wisniewski
Axiory Global Ltd.
In today’s Traders Edge Market Briefing, Tomasz found those amazing setups we thought you’d find interesting!
No Blue wave, no red wave, just black uncertainity. That is the first outcome of the Election Day. Its simply to close to call and we still don’t know who will be the next POTUS. Markets have their winner though and this is Donal Trump. Indices clearly surged, when investors found out that Donald Trump has much bigger chances for reelection then they previously thought.
Nasdaq surged overnight and is currently testing the 11560 points as a resistance.
DAX is on its way to test the neckline of a big H$S pattern.
FTSE is climbing higher after bullish boucne from the lower line of the wedge.
Oil is still in the positive territory after a false breakout from the symmetric traingle.
GBPUSD is creating a nice head and shoulders pattern, with price still above the neckline.
EURPLN is back below the 4,59, that looks rather bearish.
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Editors’ Picks
EUR/USD retreats toward 1.0850 on modest USD recovery
EUR/USD stays under modest bearish pressure and trades in negative territory at around 1.0850 after closing modestly lower on Thursday. In the absence of macroeconomic data releases, investors will continue to pay close attention to comments from Federal Reserve officials.
GBP/USD holds above 1.2650 following earlier decline
GBP/USD edges higher after falling to a daily low below 1.2650 in the European session on Friday. The US Dollar holds its ground following the selloff seen after April inflation data and makes it difficult for the pair to extend its rebound. Fed policymakers are scheduled to speak later in the day.
Gold climbs to multi-week highs above $2,400
Gold gathered bullish momentum and touched its highest level in nearly a month above $2,400. Although the benchmark 10-year US yield holds steady at around 4.4%, the cautious market stance supports XAU/USD heading into the weekend.
Chainlink social dominance hits six-month peak as LINK extends gains
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Chainlink (LINK) social dominance increased sharply on Friday, exceeding levels seen in the past six months, along with the token’s price rally that started on Wednesday.
Week ahead: Flash PMIs, UK and Japan CPIs in focus – RBNZ to hold rates
After cool US CPI, attention shifts to UK and Japanese inflation. Flash PMIs will be watched too amid signs of a rebound in Europe. Fed to stay in the spotlight as plethora of speakers, minutes on tap.