S&P 500 breaks the down trendline but other indices remain sceptical [Video]

Tomasz Wisniewski Axiory Global Ltd.

In today’s Trader’s Edge Market Briefing, Tomasz discovered the following unique setups you might find interesting.

USDJPY tests the upper line of the channel down pattern and the 131.5 resistance, which is a good chance for a bearish bounce.

GBPJPY drops below the 161 support, which may lead to a further decline.

EURUSD confidently trades close to the local highs, showing no signs of weakness.

SP500 broke the long-term down trendline but at the same time, buyers lost momentum, which may be dangerous.

DAX continues trading inside of the short-term pennant.

Gold trades similarly to the EURUSD, pretty confident close to the long-term highs.

WTI Oil reverses to test the neckline but this time, from the top.

EURPLN still holds above 4.7, which is a key support at the moment.

CADCHF continues the rise after a strong bounce off the 0.678 support.

Author

Tomasz Wisniewski

Axiory Global Ltd.

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

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