Indices continue the bounce, yen tries to end the correction [Video]

Tomasz Wisniewski Axiory Global Ltd.

In today’s Traders Edge Market Briefing, Tomasz found these amazing setups that we thought you’d find interesting.

Indices continue the reversal initiated in the last week.

SP500 broke a crucial horizontal support on the 4150 points.

Nasdaq bounced off of the 50% Fibonacci and is aiming the 38,2%.

DAX escaped from the symmetric triangle pattern and is aiming crucial resistance on the 14850 points.

USDJPY tries to escape from the symmetric triangle as well.

USDCAD continues the drop influenced by the giant Head and Shoulders pattern.

GBPCAD tries to break the lower line of the flag in order to start a new sell signal.

GBPAUD is doing pretty much the same thing but breaking the horizontal support.

AUDCHF comes back inside of the rectangle. A false bearish breakout can be a good buy signal.

GBPJPY tries to end the correction and is putting heavy pressure on resistances.

Author

Tomasz Wisniewski

Axiory Global Ltd.

Tomasz was born in Warsaw, Poland on 25th October, 1985.

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