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

Gold is not slowing down and continues to aim higher in an extremely handsome bullish price action setup.

Silver isn't far behind and is moving higher after breaking the mid-term uptrend line.

The EURUSD is aiming for the 23,6% Fibonacci after bouncing from 38,2%.

The GBPUSD is in a big flag formation. Breakout to the upside is very probable.

The EURPLN is showing us how great false breakouts can be. The price collapsed after a fake rise above the horizontal resistance of 4.63.

The AUDUSD is in a long-term head and shoulders formation and a short-term inverted head and shoulders. Which one will win?

The USDCAD has slowed down below two major downtrend lines.

The NZDCHF's sentiment is negative after the price dropped below the long-term up trendline.

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.

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EUR/USD extends gains above 1.0700, focus on key US data

EUR/USD extends gains above 1.0700, focus on key US data

EUR/USD meets fresh demand and rises toward  1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data. 

EUR/USD News

USD/JPY keeps pushing higher, eyes 156.00 ahead of US GDP data

USD/JPY keeps pushing higher, eyes 156.00 ahead of US GDP data

USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, recapturing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming intervention risks. The focus shifts to Thursday's US GDP report and the BoJ decision on Friday. 

USD/JPY News

Gold closes below key $2,318 support, US GDP holds the key

Gold closes below key $2,318 support, US GDP holds the key

Gold price is breathing a sigh of relief early Thursday after testing offers near $2,315 once again. Broad risk-aversion seems to be helping Gold find a floor, as traders refrain from placing any fresh directional bets on the bright metal ahead of the preliminary reading of the US first-quarter GDP due later on Thursday.

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Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. 

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Meta takes a guidance slide amidst the battle between yields and earnings

Meta takes a guidance slide amidst the battle between yields and earnings

Meta's disappointing outlook cast doubt on whether the market's enthusiasm for artificial intelligence. Investors now brace for significant macroeconomic challenges ahead, particularly with the release of first-quarter GDP data.

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