AUD/USD: aussie supported by Kijun-sen

AUD/USD: aussie supported by Kijun-sen

Technical levels: support – 0.7830; resistance – 0.7915, 0.7955

Trade recommendations:

  1. Buy — 0.7830; SL — 0.7810; TP1 — 0.7915; TP2 — 0.7955.

Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, but rising Kijun-sen; the prices are on the strong support of Kijun-sen and the market is left the local overbought area.




XAU/USD: gold was captured by bulls

Recommendation: BUY $1327 SL $1312 TP $1357 TP2 $1395 On the daily chart, XAU/USD is under control of bulls, at least until the pair’s trading above $1306 an ounce…


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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