Traders Edge: Market Briefing 07/06/23
07 June 2023
In today's Trader's Edge Market Briefing, Tomasz has identified the following unique setups that may catch your interest:
• EURUSD: Currently moving sideways, but still within the bearish territory.
• USDCHF: Attempting to conclude a bullish correction resembling a flag pattern and preparing for a downward move.
• Indices: Positioned favorably within a flat correction near local tops.
• AUDJPY: Demonstrating strength as it strives to break out of a channel up formation towards the upside.
• AUDUSD: Exhibiting a fifth consecutive bullish candle.
• GBPJPY: Rebounding higher from the neckline of a Head and Shoulders pattern and the long-term upward trendline.
• USDCAD: Setting its sights lower to test the lower boundary of a significant symmetric triangle once again.
• EURPLN: Continuing its descent after breaking out of a rectangle pattern.