AUD/USD: a selling opportunity

AUD/USD: a selling opportunity

Recommendation

SELL 0.7520

SL 0.7575

TP1 0.7425, TP2 0.7400.

On the daily AUD/USD chart, bears managed to hold resistance at 0.7612 and make the quotes go beyond the uptrend channel. The break of support at 0.7525 will strengthen the risks of decline towards 0.7450 and the upper border of the previous descending channel.

aud1.png

On H1, AUD/USD tested support in the 0.7570-0.7575 area with the following retest. The pair returned to the previous trading range of 0.7520-0.7570. If the pair leaves this range, it will trigger the “Shark” pattern with targets at 0.7425 (78.6%) and 0.74 (88.6%).

aud2.png

aud

Similar

EUR/USD: euro wants to surf

On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.  

USD/JPY: the Bears have won

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines

jpy

Popular

Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera