Indices and Euro Start the New Month With a Small Bullish Correction

By:

Published: May 2, 2022, 08:00 GMT+00:00

Indices and Euro Start the New Month With a Small Bullish Correction

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

Global Markets Technical Analysis

SP500 finished last week just above the edge. So far, Monday’s starting with a small rise but we are far from the safe zone.

EURUSD climbs higher on the first session in May. The price is currently bouncing of a crucial long-term horizontal support around 1.05.

EURGBP bounced off a neckline of a big Head and Shoulders pattern.

USDJPY continues the upswing after a bounce of the 129.4 support.

Over the last week, Brent Oil tested the lower and the upper line of the symmetric triangle. The breakout from this pattern shows us the direction it will take for the next few days and weeks.

Loading

Traders Edge: Market Briefing Video for 02.05.22

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

Loading

About the Author

Tomasz Wiśniewskicontributor

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.

Latest news and analysis

Loading