Yen Extends the Correction

By:

Tomasz Wiśniewski

Published: Mar 30, 2022, 11:30 GMT+00:00

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

Indices keep climbing higher

SP500 climbs back above 4590 points. That was a crucial resistance in the mid-term.

DAX reaches the horizontal resistance on the 14900 points. That looks like a good place for a bearish correction.

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Gold confirms the risk ON mode

Gold tries to unfold the Head and Shoulders pattern. We had a breakout of the neckline and just recently, the test of this broken support as a resistance.

Forex Technical Analysis

EURGBP breaks the neckline of the iH&S formation. Possibly a strong buy signal.

USDCHF drops again inside of the symmetric triangle pattern. The breakout to the upside from March was definitely a fake one.

GBPJPY reverses and tries to reach the horizontal support on the 157.9.

USDJPY uses the resistance on the 123 to initiate a bearish correction.

NZDUSD climbs higher after a positive test of the neckline of the iH&S formation.

Traders Edge: Market Briefing Video 30.03.22

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

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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.

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