Traders Edge: Market Briefing 18/10/23 18 October 2023 In today’s Trader’s Edge Market Briefing, Tomasz has identified the following unique setups that may catch your interest: EURUSD: Creating right shoulder of an inverse head and shoulders pattern; attempting to break out of the channel down formation. USDCHF: Breaking the long-term uptrend line and marking new local lows. Dow Jones: Targeting a key resistance level at 34,500 points. Nasdaq: Trapped between the upper boundary of the wedge pattern and a horizontal support at 14,900 points. NZDUSD: Teetering above a crucial horizontal support at 0.586; a breakout below would signal a selling opportunity. GBPCHF: Experiencing a downward trajectory after breaking free from its long-term lateral movement. Gold: Achieving new monthly highs, post its breakout from the channel down formation. Silver: Tallying new monthly highs after a strong rebound above its uptrend line. Oil: Trending upwards, driven by the ongoing geopolitical unrest in the Middle East.