In today’s Traders Edge Market Briefing, Tomasz has found these amazing setups that we thought you’d find interesting.
So far, the recovery from Friday’s carnage is, let’s say, pretty mild. The same mild as apparently, the symptoms from the new coronavirus strain are. That information was about to drive today’s reversal but as you can see, traders are not encouraged to buy the dip at this point.
Gold is defending the mid-term up trendline.
SP500 bounced during the Asian session but the European one does not start well.
DAX is giving back almost all gains from the Asian session.
USDJPY continues the downswing after the breakout of the mid-term up trendline.
EURJPY drops after breaking crucial horizontal support.
AUDNZD continues a very technical movement by creating a wedge finishing the correction on the 38,2% Fibonacci.
USDCHF is trading lower after the false breakout from the symmetric triangle.
The Mexican Peso continues the weakening to USD and EUR despite quite a good opening after the weekend.
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.