AUD/USD may rise to 0.74

AUD/USD may rise to 0.74


BUY 0.7230

SL 0.7175

TP1 0.7325 TP2 0.7425 TP3 0.7460

On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave). This points at the weakness of the sellers. A break of 0.7215 and readiness of the bulls to push above the diagonal resistance in the form of the upper border of the downtrend channel increases the odds of a “Shark” pattern with a target at 88.6%.

AUDUSD daily.png 

On H1, AUD/USD keeps forming the “Head and Shoulders” and the “Wolfe waves” patterns. A pullback from supports at 0.7230 and 0.7215 may be used for buying.

AUDUSD h1.png


XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

Latest news

The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

Deposit with your local payment systems


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

Beginner Forex book will guide you through the world of trading.

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