AUD/USD: bulls are running away

AUD/USD: bulls are running away


SELL 0.774

SL 0.7795

TP1 0.766 TP2 0.7635 TP3 0.757

On the daily chart of AUD/USD, the inability of bulls to rise above resistance near 0.79 was the first signal of their weakness. The return of the pair inside the downtrend and their exit from the downside channel means that bears seized the initiative.


On H1, the closeness of 113% target of the “Shark” increases the odds of consolidation. Bears are in control of the situation, so the pullbacks may be used for selling.





USD/TRY has moved sharply down this week falling to the support line since the end of November.

Trade ideas for gold

The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.

Latest news

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The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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