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Dollar Comes Back to The Bearish Trend. Gold and Silver Rise

By:
Tomasz Wiśniewski
Published: Jul 29, 2021, 11:34 UTC

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

Dices cubes to trader. Cubes with the words SELL BUY on financial chart and columns of quotations as background. Selective focus

In this article:

  • Jerome Powell buried the USD, helped precious metals and as almost always…stocks
  • U.S. dollar index breaks the lower line of the channel up formation and goes down
  • Silver comes back inside of the symmetric triangle pattern, that’s bullish
  • Gold climbs higher
  • The NZDJPY is creating an inverse head and shoulders pattern on an important support
  • The CHFJPY goes higher after a very handsome technical setup, which we discussed in our previous video
  • The EURUSD with a false bearish breakout of a neckline, that’s super bullish
  • The USDCAD goes down as expected. Shooting star on a weekly chart is no joke
  • Indices push higher, same thing, different day

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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