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

Another bad day for the American Dollar. Dollar Index, ends the short correction and comes back to the downfall.

EURUSD is having almost the same situation as the Dollar Index but in reverse. Here, the price ends the shallow bearish correction and comes back to the up trend.

AUSUSD is still below major resistance but close enough to be worried about a possible breakout.

NZDUSD is showing more strength giving us a buy signal, which brings us to the New Zealand Dollar and its power gained after recent labor data from New Zealand.

EURNZD escapes from the symmetric triangle to the downside.

AUDNZD also with a drop.

NZDCHF on the other hand, aims higher after the bounce from the lower line of the flag.

NZDJPY with an even better setup. Here, the price is bouncing from the horizontal support with an inverse head and shoulders pattern. Very bullish price action.

Trading FX/CFDs on margin bears a high level of risk, and may not be suitable for all investors. Before deciding to trade FX/CFDs you should carefully consider your investment objectives, level of experience, and risk appetite. You can sustain significant loss.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD pressured toward 1.17 on Evergrande crisis

EUR/USD is extending its losses, falling toward 1.17. The safe-haven dollar is in demand as the crisis around China's Evergrande deepens and a global slowdown is feared. Tensions toward the Fed decision and also Germany's elections are taking their toll too.

EUR/USD News

GBP/USD tumbles under 1.37, succumbing to dollar strength

GBP/USD is trading under 1.37, suffering from robust dollar demand. The financial woes of China's Evergrande threaten a drop in global demand. Soaring energy prices are also weighing on sentiment. The Fed and the BOE are eyed later this week.

GBP/USD News

XAU/USD remains vulnerable while below $1761

Gold price is making a minor recovery attempt from six-week lows of $1742 amid a retreat in the US Treasury yields, as the risk-off mood remains at full steam.

Gold News

Cardano introduces Layer 2 solution Hydra, as ADA price looks to rally 25%

Cardano price is grappling with a crucial support floor on the daily time frame as the big crypto experienced a minor crash. Investors can expect ADA to slice through this barrier before restarting its uptrend.

Read more

Canadian Federal Elections: Not a very crucial vote

Markets are taking a hands-off approach to Monday’s Canadian Federal election between Prime Minister Justin Trudeau's Liberals and Erin O'Toole's Conservatives. 

Read more

Majors

Cryptocurrencies

Signatures