Forex, Commodities and Stock Indices Analysis: Yen Weakens Again

Tomasz Wiśniewski
Published: Apr 11, 2022, 11:14 GMT+00:00

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

Forex, Commodities and Stock Indices Analysis: Yen Weakens Again

In this article:

Global Financial Markets Technical Analysis

Monday is definitely a bad day for the Japanese Yen. Sell-off accelerates

SP500 is still inside of the wedge correction pattern. A long-term bullish sentiment remains intact

USDJPY is trading above the long-term neckline of a giant inverse head and shoulders pattern

CHJPY climbs higher after escaping the ascending triangle to the upside

NZDUSD cancels the inverse head and shoulders pattern

EURGBP still flirts with the 0.83 support. Looks like sellers will try a breakout one more time

Gold climbs higher after the bullish breakout from the symmetric triangle

Brent oil breaks the long-term up trendline. The next major support on the 86 USD/bbl.

Traders Edge: Market Briefing Video 11.04.22

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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