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Bear Market? Not Yet

By
Tomasz Wiśniewski
Published: May 21, 2021, 12:42 GMT+00:00

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

Bear Market? Not Yet

 

Indices hold strong after most of them create a double bottom formation. In some cases, it is strengthened by the fact that the price bounced off a long-term uptrend line. This is the bread and butter for technical buyers.

Gold is inside of a pennant formation waiting for, most probably, a bullish breakout.

Brent Oil bounces from a crucial support on the 65 USD/bbl.

The EURUSD pair is on a good way to beat the highs from the beginning of the year.

The USDCAD pair with a new, long-term lows and not stopping.

The EURPLN pair breaks the major long-term uptrend line, showing us a global positive sentiment towards risky assets.

For a look at all of today’s economic events, check out our economic calendar.

About the Author

During his career, Tomasz has held over 400 webinars, live seminars and lectures across Poland. He is also an academic lecturer at Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for his clients.

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