AUD/USD: no one wants to give up

AUD/USD: no one wants to give up


SELL 0.758 SL 0.7635 TP1 0.75 TP2 0.7455 TP3 0.736

BUY 0.768 SL 0.7625 TP1 0.776 TP2 0.7855 TP3 0.79

On the daily chart of AUD/USD, bulls failed to return the pair to the long-term upward channel. Bears took control, however, an implementation of the Pin Bar shows that buyers of the aussie don’t give up.


On H1, the “Shark” pattern with 88.6% and 113% targets was activated. To reach these targets, the pair needs to break the diagonal support. To continue the rally, the pair needs to break the June high.



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?

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