Dollar Has to Make one More Small Step for a Major Buy Signal
In today’s Traders Edge Market Briefing, Tomasz found these amazing setups we thought you’d find interesting!
Indices continue the buying bonanza.
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Commodities fall down, mostly due to the stronger USD.
Dollar Index creates an iH&S pattern.
EURUSD breaks the neckline of the H&S formation.
AUDUSD bounces from the upper line of the triangle.
USDCHF with almost identical setup as the Dollar Index.
CADCHF breaks the upper line of the triangle and aims higher.
For a look at all of today’s economic events, check out our economic calendar.
