USD is few steps away from a major sell signal [Video]

Tomasz Wisniewski Axiory Global Ltd.

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

Major indices continue the V-shaped reversal. It’s not the first time stock bulls do this, so I can’t even imagine anyone being surprised here.

When stocks are going up, gold is usually going down and that’s what we have now. Even a weaker USD isn’t helping.

Brent oil on the other hand is enjoying the weaker USD and is pushing higher again.

The EURUSD is very close to creating a major buy signal. We have a false bearish breakout from the H&S pattern and wedge in place.

The USDCAD with a very nasty-looking shooting star on the weekly chart. That can be a major sell signal.

The NZDUSD with a false bearish breakout of important horizontal support. That can be bullish.

The GBPCHF with a false breakout again but this time, to the downside. The price is back above the major support, so the buy signal is almost ready.

Author

Tomasz Wisniewski

Axiory Global Ltd.

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

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