Dollar Drops Ahead of the Inflation Data

Major Financial Markets Technical Analysis

USDJPY breaks a major up trendline (blue). We anticipate the CPI having a negative sentiment towards the USD.

GBPJPY is fighting close to the neckline of the H&S formation.

Indices dropped again yesterday, but today traders tried to initiate a bullish correction. We’ll see how long that will last.

EURUUSD tries to break the upper line of the pennant formation.

Gold bounces off a long-term up trendline.

Brent Oil climbs higher after testing the lower line of the symmetric triangle pattern. It’s now time to test the upper one.

AUDUSD tries to establish a false breakout pattern. A close above the 0.7 will be a buy signal.

Traders Edge: Market Briefing Video for 11.05.22

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