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Yen Keeps Crushing
Published: Oct 13, 2021, 10:13 UTC
In today’s Traders Edge Market Briefing, Tomasz has found these amazing setups we thought you’d find interesting!
In this article:
Seems like DAX eventually defends the 15000 support and aims higher towards the mid-term dynamic resistance.
FTSE looks very strong as buyers are currently attacking their own dynamic mid-term resistance.
GBPUSD is also doing pretty good. We’re still above the 23,6% Fibonacci with big chances for an upswing supported by the false breakout pattern from the beginning of October.
USDJPY continues with a big bullish momentum.
CADJPY is doing the same. Price is not stopping and fighting for the 5th bullish day in a row.
The same goes for the GBPJPY, you can see those kinds of movements pretty much everywhere on the pairs with the JPY.
Silver is defending the 22.2 USD/oz support and it looks like this area should not be bothered anymore in the next few days.
For a look at all of today’s economic events, check out our economic calendar.
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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