Analysis of indices, oil and Forex


Technical analysis of the main markets

The indices continue the downward correction but in a very limited way. It looks like the buyers are in full control of the situation.

The SP500 is very close to the resistance level on the Fibonacci at 23.6%, a break of this resistance will be an excellent confirmation of a buy signal.

NASDAQ does roughly the same but below the 38.2% Fibonacci.

Brent oil fell slightly after hitting March highs. The sentiment remains positive.

The USDJPY continues the rally after the pair breaks out of the symmetrical triangle pattern.

EURUSD is trying to create a nice head and shoulders pattern at crucial horizontal resistance.

The EURGBP is locked inside a rectangle. You have to wait for the breakout.

USDCAD continues to slide targeting the lower line of the ascending triangle.

The GBPCAD fell after the price broke through the lower flag line.

The GBPAUD also fell but after exiting a small pennant formation.

The GBPJPY is targeting the resistance at 164 after successfully breaking out of the symmetrical triangle pattern.

Traders Edge: market information video from 01.06.22

For an overview of all of today’s economic events, check out our economic calendar.


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