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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Editors’ Picks

EUR/USD consolidates above 1.2000 as USD bulls take a breather

EUR/USD is in downside consolidation above 1.2000 amid risk-off mood. The US dollar clings to overnight recovery gains while the yields steady. J&J’s covid vaccine news fails to cheer the euro amid rising infections globally.

EUR/USD News

GBP/USD remains pressured below 1.3950 amid mixed UK data

GBP/USD holds lower ground below 1.3950, extending the pullback from seven-week highs. The US dollar’s strength, Brexit jitters and covid woes supersede the upbeat UK jobs data and re-opening optimism. UK CPI misses estimates with 0.7% in March.

GBP/USD News

Gold likely to face stiff resistance near $1795-$1800, focus on yields

Gold (XAU/USD) rebounded on Tuesday as the US Treasury yields tumbled alongside global stocks. Surging covid infections globally brought a reality check into the markets and triggered a fresh risk-aversion wave.

Gold News

ETH price eyes all-time highs as ETFs receive approval in Canada

Canada’s Ontario Securities Commission approved three Ethereum ETFs on April 20. This move comes after the recently launched Bitcoin ETF surpassed $1 billion in AUM. Ethereum price looks to surge 15% to retest recently set up highs around $2,548.

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Markets tumble as covid fears overshadow vaccination drive

European markets have been hit hard, with rising global Covid cases serving as a reminder of how mutations could derail the recovery. Meanwhile, improved jobs data has helped the pound, but comes to the detriment of the FTSE 100. 

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